Truong Hai Group Corporation

Truong Hai Group Corporation (THACO; abbreviation for former name) (Vietnamese: Công ty cổ phần tập đoàn Trường Hải) is a Vietnamese conglomerate. The company is a member of the Vietnam Automobile Manufacturers Association (VAMA). It was founded in 1997 as Truong Hai Auto Corporation and is considered one of the pioneers of the Vietnamese auto industry.^[2] In 2014, the company captured 32% of Vietnam's automobile market.^[3] As of 2017, THACO owned the largest automobile production capacity in Vietnam, at 71,000 units per year.^[4]

Truong Hai Group Corporation

Native name	Công ty cổ phần Tập đoàn Trường Hải
Formerly	Truong Hai Auto Corporation
Company type	Joint stock
Industry	Conglomegrate
Founded	April 29, 1997; 28 years ago (1997-04-29) in Bien Hoa II Industrial Park, Biên Hoà, Đồng Nai Province[1]
Founder	Trần Bá Dương[1]
Headquarters	Sofic Tower, 10 Mai Chí Thọ Blvd, Thủ Thiêm, Thủ Đức, Ho Chi Minh City , Vietnam
Key people	Trần Bá Dương (Chairman)[1]
Number of employees	60,000[1]
Website	thacogroup.vn/en

THACO's main products comprise family cars, light trucks, and buses. The company has a joint venture with Kia Motors to produce Kia-branded cars from its main factory, located in the Chu Lai Economic Zone.^[5] It also produces and manufactures Mazda passenger cars, through its VinaMazda subsidiary. In 2020, the company entered the light motorcycle market.^[6]

In 2021, THACO restructured to become a conglomerate corporation, then acquired the South Korea retail operations of e-mart in Vietnam market as part of the subsidiary of Thiso.^[7]

Subsidiaries

THACO has evolved into a multi-industry holding corporation which has 6 sub-holdings, i.e.

• THACO AUTO (Automobiles)
• THACO INDUSTRIES (Mechanics & Supporting Industries)
• THACO AGRI (Agriculture)
• THADICO (Investment – Construction)
• THISO (Commerce – Service)
• THILOGI (Logistics)

Models

Thaco Ollin 250 light truck in Vietnam

Thaco Hyundai HD270 dump truck in Nha Trang

• Mazda models (2, 3, 6, CX-3, CX-5, CX-8, CX-30, BT-50)^[8]
• Kia Motors models (Morning, Soluto, Carens, K3, Sorento, K5, Seltos, Sportage, Sonet, Carnival/Sedona) ^[9]
• Peugeot models (2008, 3008, 5008, Traveller)
• Thaco buses built on Hyundai chassis (Thaco City, Thaco County, Thaco Town, Thaco Universe, Thaco Bluesky, Thaco Mobihome)^[10]
• Hyundai buses (Hyundai Solati, Hyundai County)^[10]
• Hyundai trucks^[11]
• Foton trucks^[11]
• Thaco trucks and light commercial vehicles (Thaco Towner, Thaco Frontier, Thaco Forland, Thaco Ollin)^[11]
• Mercedes-Benz buses assembly for Vietnamese market^[12]
• BMW models (1 Series, 2 Series, 3 Series, 4 Series, 5 Series, 7 Series, X Series)
• MINI models (Cooper)
• Fuso truck (Canter, FA, FI, FJ)
• IVECO minibus (Daily)
• Howo trucks (TX D600, TX D800)
• Volvo buses (B8R)