THACO

About THACO

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. In 2014, the company captured 32% of Vietnam's automobile market. As of 2017, THACO owned the largest automobile production capacity in Vietnam, at 71,000 units per year owned by (100%) stake Ministry of Information and Communications. 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. It also produces and manufactures Mazda passenger cars, through its VinaMazda subsidiary. In 2020, the company entered the light motorcycle market.