In 2025, THACO Aims to Contribute a Minimum of VND 20,000 Billion to Danang’s Budget

Da Nang Party Committee Works with THACO Group

On the afternoon of August 14, at the THACO Chu Lai Industrial Park (Nui Thanh district, Da Nang city), the Da Nang Party Committee had a working session with the THACO Group.

Attending the working session were Mr. Nguyen Van Quang, Secretary of the Da Nang Party Committee; Mr. Luong Nguyen Minh Triet, Chairman of the City People’s Committee, along with leaders of the Party Committee, People’s Committee, and departments of Da Nang city.

Da Nang Vice Chairman Commits to Hand Over Land Before October 20

At the working session, representatives of the THACO Group presented the implementation status and some difficulties and obstacles in the projects invested by the group in Da Nang city, especially in site clearance.

These projects include the THACO Chu Lai Industrial Park (451 hectares); the expanded auto mechanics industrial park project; the Cua Lo channel, the bridge connecting Tam Hiep wharf, Tam Hoa, and the road connecting the Vietnam-Korea Industrial Park with Vo Chi Cong street; the Chu Lai Urban Area project (188 hectares); and the Tam Hoa – Tam Tien residential, urban services, and tourism project (1,014 hectares).

In addition, THACO representatives also presented the initial results of the survey on the implementation of the Ngoc Linh ginseng and medicinal plant cultivation project in the highland communes of Da Nang city.

At the working session, Mr. Nguyen Van Quang requested the functional sectors to report on the progress of project procedures, compensation, and site clearance, and demanded a commitment to a specific land handover schedule.

Mr. Ho Quang Buu, Vice Chairman of the Da Nang City People’s Committee, committed to handing over the entire 451-hectare project site before October 20.

Mr. Luong Nguyen Minh Triet stated that the main obstacles to THACO’s projects were the “5% communal land,” which had been directed by the former Quang Nam province for resolution. He requested the Department of Agriculture and Environment to continue focusing on resolving this issue, as well as arranging resources to build resettlement areas and cemeteries for the affected communities…

Five Significant Contributions of THACO Group Acknowledged by Da Nang Secretary

In his conclusion, Mr. Nguyen Van Quang acknowledged that this was the first working session of the Da Nang Party Committee after the merger. “I highly appreciate and value the development and contributions of the THACO Group over the years. Whenever I think about industrial development, I always use THACO as an example in my discussions with colleagues,” he shared.

Mr. Quang highlighted five significant contributions made by the THACO Group to the development of Quang Nam and Da Nang. Firstly, THACO has contributed to Da Nang’s industrial sector. According to Mr. Quang, the city plans to develop heavy industry in the southern region, and THACO will be the leading corporation in this regard.

“I believe that THACO’s development will create an ecosystem, a magnet to attract other businesses into the ecosystem, especially in industry and mechanics,” Mr. Quang said.

Secondly, THACO has made significant contributions to the local budget. Since its establishment, the group has contributed more than VND 231,000 billion to the state budget. In 2025, THACO commits to contributing at least VND 20,000 billion, which is more than one-third of the city’s expected revenue for the year.

The third contribution is creating jobs for high-quality workers. In Chu Lai alone, there are over 16,400 employees, most of whom are locals.

Fourthly, THACO has contributed to social welfare and infrastructure. Mr. Quang cited the example of the roundabout road in Chu Lai, which was funded by THACO. During the working session, THACO Chairman Tran Ba Duong committed to investing in a resettlement area for the local community, which is highly appreciated.

Lastly, Mr. Quang acknowledged that despite being a private group, THACO has established a well-organized Party organization and Trade Union. THACO maintains six Party branches with over 200 members and a Trade Union that effectively serves the interests of its workforce.

At the working session, the Da Nang Party Secretary sought the opinion of the Party Committee members, and they unanimously agreed on the policy to recognize THACO as a strategic investor in the city’s development orientation.

Regarding THACO’s proposals, Mr. Quang stated that the five projects mainly faced two issues: site clearance and procedures. He instructed the Da Nang Land Development Center to prioritize site clearance for THACO’s projects as key tasks. He emphasized identifying responsible agencies and individuals and set a deadline of October 2025 for complete land handover to the investor.

Mr. Nguyen Van Quang also offered to coordinate with relevant ministries and sectors to address any obstacles. He suggested that THACO should not focus solely on transporting over 16,000 workers daily but should aim to create a “living ecosystem” in Chu Lai. He noted the absence of supermarkets or essential services in the vast area and emphasized the need for housing, entertainment, and essential services. He envisioned a “THACO city” or a “smart city” that would attract residents.

Mr. Nguyen Van Quang expressed his desire for THACO to aim for a budget contribution of VND 25,000 billion per year or more in the next two years. He also called on THACO to consider implementing the urban railway project connecting Da Nang airport with Hoi An and Chu Lai airports and developing a logistics ecosystem. “Da Nang city is ready to accompany the group in its development journey,” Mr. Quang concluded.