The Vietnamese company plans to export more semi-trailers to the US market annually.
Vietnamese conglomerate Truong Hai Auto Corporation (THACO) will export a total of 6,050 semi-trailers to the US this November despite the severe impact of the Covid-19 pandemic and the fierce competition in the automobile industry.
THACO's semi-trailer assembly line at Chu Lai Industrial Park's factory. Photo: THACO |
The Vietnamese group will sell its semi-trailers to Dorsey Intermodal, a subsidiary of PITTS Enterprise - one of 15 major semi-trailer manufacturers in North America.
THACO and Dorsey Intermodal also continue to negotiate new contracts for production and delivery ahead of the third and fourth quarters of next year.
Starting from 2022, THACO will export between 12,000 and 15,000 semi-trailers to the US market annually, while also striving to accelerate exports to both the Australian and the Japanese markets.
Ed Gill, Vice President of Sales at Dorsey Intermodal, said THACO's products are of high quality and fully met the needs of the US market and the traffic standards. THACO’s Special Vehicles Manufacturing Company’s factory at Quang Nam Province's Chu Lai Industrial Park is fully equipped with a cutting-edge technological assembly line that is capable of meeting the US’ technical requirements that create high-quality products.
In the first half of the year, the Vietnamese manufacturer exported over 350 cars and semi-trailers of all types, raising the export value of mechanical components to US$15 million.
This year, the company plans to expand its market to Europe, South America, South Asia, Australia, along with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Besides, Thaco’s semi-trailers, fuel tanks, and concrete mixers have been exported to Colombia and South Korea.
Other News
- Vietnamese Gov’t approves purchase of Laos wind power
- Vietnam c.bank eases gold auction conditions
- Hanoi earmarks US$55.4 billion to build 600-km metro network by 2045
- Vietnamese Gov’t expected to tighten gold transactions
- US taking move to recognize Vietnam as market economy a welcome sign: MoFA
- Vietnam reacts to potential BRICS membership in 2024
- Vietnam’s business environment is still trending upwards: PCI 2023 Report
- Vietnam posts trade surplus of US$8.4 billion in first four months
- No e-cigarette product allowed on Vietnamese market yet: Trade Ministry
- Nhon – Hanoi station metro line: An example of Vietnam-EU cooperation
Trending
-
Hanoi students dominate national pitch competition
-
Vietnam news in brief - May 14
-
Prime Minister Pham Minh Chinh encourages Chinese investment in green economy
-
Walking tour to experience public arts in the heart of Hanoi
-
Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
-
Bas-reliefs on Hue's nine dynastic urns listed as UNESCO heritage
-
Hanoi's oldest book street preserving the city's reading culture
-
Private investors: Key to build more parking lots in Hanoi
-
PM urges Cambodian cooperation to promote sustainable use of Mekong River