Thaco, a Vietnamese industrial corporation, is projected to have over 3,500 scientific innovations implemented by 2023. These initiatives are expected to result in savings of over 70 billion VND and generate significant economic value, particularly in the automobile sector. Over the years, Thaco has prioritized science and technology projects, recruiting and training a workforce of production engineers and R&D engineers. By 2024, the enterprise will have grown its engineering team from 266 members in 2011 to over 9,300 engineers.
One of Thaco’s notable projects is the design and production of high-class sleeper buses with a Vietnamese brand. The company’s bus lines boast a 60% localization rate and capture a 65% market share domestically, with exports to countries like the Philippines, Thailand, and Singapore. In the truck segment, Thaco maintains a 35-40% localization rate and 45% market share domestically, while the passenger car segment commands a 25% market share with a 35-40% localization rate.
Looking ahead to Vietnam Science and Technology Day in 2024, Prime Minister Pham Minh Chinh recognized Thaco’s contributions to science and technology in achieving national goals. He emphasized the importance of science, technology
