That’s the information shared by Mr. Tran Ba Duong – Chairman of the Board of Directors of Thaco Group (THA) at the Conference announcing the planning of Quang Nam province for the period 2021 – 2030, with a vision until 2050 on March 16.
Mr. Tran Ba Duong – Chairman of THACO’s Board of Directors speaking at the Conference
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Mr. Tran Ba Duong said that investing in Quang Nam is fate, as Thaco was once a very small business. And Chu Lai Open Economic Zone at that time was a project that contained the aspiration to escape poverty of Quang Nam.
“In the period of 2003-2020, Thaco invested in infrastructure, focusing on production development, starting with auto assembly and component manufacturing. Then, step by step, we increased automation and logistics development. Over a decade ago, this was an area that was still lacking in the Central region.”
Currently, we have achieved results in forming the role and position of a dynamic enterprise of Quang Nam province and in some industries such as the automotive industry, mechanical engineering, and supporting industries,” Mr. Tran Ba Duong said.
Mr. Tran Ba Duong affirmed that Thaco will continue to invest and develop sustainably in Quang Nam. The corporation will study participating in investment in waterway and road infrastructure that is in line with the plan, increasing the feasibility of making Quang Nam the logistics center of the Central region. In which, the role of the Co Lao project is very important, with a total investment capital of about 6,500 billion VND, Thaco will participate in bidding in the form of PPP.
“The corporation will also study for investment branches according to the BOT form to transport goods from Southern Laos, Northern Cambodia, and the Central Highlands to Chu Lai. Therefore, the feasibility of the plan, with a vision until 2030 to form the logistics center of the Central region, I believe is very feasible if the Co Lao route is invested in and completed early,” said Chairman of Thaco.
At that time, the issue of logistics costs will be resolved, and other investors will come to the Central region and Quang Nam.
Mr. Tran Ba Duong said that Thaco will continue to invest in Chu Lai, focusing on heavy industry, automotive component manufacturing, large machinery and equipment… The corporation will also boost investment in agriculture and medicinal plants, such as Ngoc Linh ginseng or Tra My cinnamon.
At the planning announcement ceremony, Quang Nam province awarded investment registration certificates for 7 projects of Thaco Group with a total capital of over 3,900 billion VND; and signed an agreement to study the location for investment in the Nam Thang Binh Industrial Park project for Bin Corporation Joint Stock Company with a total capital of nearly 7,000 billion VND.
