Truong Hai Automobile Co., Ltd. was established on 29 April 1997, headquartered at 19 Street No. 2A, Bien Hoa II Industrial Zone, Dong Nai Province. The founder is Mr. Tran Ba Duong, who is now THACO’s Chairman. In 2007, Truong Hai Automobile Co., Ltd. changed to become Truong Hai Auto Corporation (THACO). Currently, the company has three administrative offices located in Ho Chi Minh City, Hanoi, and Chu Lai (Quang Nam). Particularly, Chu Lai - Truong Hai Auto Manufacture and Assembly Complex (Quang Nam) which was established in 2003 on an area of nearly 600 hectares, consists of 24 subsidiaries and affiliated factories.
THACO currently operates in auto manufacture, assembly, and distribution; provides auto spare part and maintenance services, including manufacturing, trading, and distributing commercial vehicles (trucks and buses), manufacturing and trading passenger cars from the brands including Kia (South Korea), Mazda (Japan), and Peugeot (France -Europe). As to April 2016, the distribution system consists of 89 showrooms and 53 dealers nationwide and the company now has 14,900 employees.
At the present time, THACO is the only enterprise in Vietnam that manufactures and assembles all 3 car lines including passenger cars, trucks, and buses with the localization rate from 16%-50%, providing Vietnamese people with diversified, quality, and affordable cars. In 2014 and 2015, THACO has topped the sales chart of Vietnam Automobile Manufacturers' Association (VAMA).
As the leading auto manufacture, assembly, and distribution company in Vietnam, THACO aims to maintain its position and expand its market to the ASEAN region, enhance international cooperation to select appropriate technology, increase the local content, and join the global value chain creating platform to become a multi-industry conglomerate in the region.
Besides manufacture and business activities, THACO also builds a healthy corporate culture environment, forming THACO's feature culture based on the business philosophy "Creating the contribution values, improving service values through products and services" and the principle of "8Ts" "Dedication - Honesty - Intelligence - Confidence - Respect - Prestige - Commitment - Convenience". This is the core value of THACO culture, the intangible asset to create motivations for development. THACO's culture is also manifested by the fact that compensations and benefits (salary, bonuses, insurances, allowances, etc.) are always adequately implemented.
With the viewpoint "THACO embraces its social responsibilities", annually, THACO always supports many social community activities to share its responsibilities in various fields including: National Defense, Social Welfare, Traffic Safety, Education, Culture - Music, Medical, Sports, For the underpriviledged, scholarships, etc. From achivements in business and contributions to the social community, in 2015, THACO has been acknowledged and honored by the following awards: Certificates of Merit from the Prime Minister, Excellent Emulation Flags from the Government; Certificates of Merit from the Ministry of Transport; Certificates of Merit from Quang Nam provincial People's Committee; Certificates of Merit from Dong Nai provincial People's Committee; Excellent Emulation Flags from Dong Nai provincial People's Committee in 5 consecutive years; Certificates of Merit from Dong Nai Youth Union; Top 10 Gold Star Award; Top 10 Vietnam Brand Award; Vietnam Strong Brand award; "Asia Pacific's Best sales growth distributor" from Hyundai Motors, etc.