en.Wedoany.com Reported - Truong Hai Auto Corporation (THACO) of Vietnam is advancing a $1.4 billion industrial park project. Covering an area of 700 hectares, the project aims to establish a modern, multi-sector industrial ecosystem, focusing on automotive manufacturing, precision engineering, logistics, and support services. In February 2025, THACO's Chairman of the Board announced the plan during a meeting with Vietnamese Prime Minister Pham Minh Chinh; the company had already signed a memorandum of understanding with the People's Committee of Binh Duong Province in 2022. The park is designed for small and medium-sized enterprises and all partners. Currently, THACO operates 19 manufacturing facilities and an R&D center in the Chu Lai Economic Zone in Quang Nam Province. The project is expected to create a significant number of jobs, enhance the competitiveness of Vietnam's manufacturing sector, and attract both domestic and foreign investment.

THACO Group is a large-scale, diversified industrial conglomerate in Vietnam, specializing in mechanical engineering and supporting industries. This industrial park project aligns with Vietnam's strategy of economic diversification and supply chain integration, helping to strengthen regional competitiveness. The project will be implemented in phases, with subsequent steps including master planning, infrastructure construction, and tenant occupancy. In the same month, THACO also launched several expansion projects in Quang Nam Province, including the inauguration of a 50,000 DWT berth at Chu Lai International Port to meet growing export demand.

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