Through 16 years of development, THACO is now the only automobile manufacturer in Vietnam that produces, assembles and distributes a full line of commercial vehicles, including trucks/ dumper trucks, special purpose vehicles, buses and lead the automobile market in terms of commercial vehicle sales.
In 2003, THACO started to invest in Chu Lai Open Economic Zone, Quang Nam Province, building Chu Lai – Truong Hai Automobile Manufacturing and Assembly Complex with the total investment capital of more than 9,000 billion VND up to now. Chu Lai- Truong Hai Automotive Mechanics Industrial Center was put into operation in a total area of more than 600 hectares. There are 23 companies and factories that were built there, including four automotive assembly plants, eight components and spare parts manufacturing plants, and other supporting units such as the Vocational College, infrastructure investment and construction companies, full package transportation service companies, both road and sea transportation etc. At automotive plants, THACO invested in closed, comprehensive, modern, and high-tech assembly lines with technology transferred by world well-known groups like Hyundai, Kia, Foton, etc. From only assembling automobiles using imported components, THACO has gradually established its own value chain in manufacturing and business operations. Through its suppliers (Hyundai, Kia, Foton), THACO organized its own production, distribution and retailing system. In this value chain, THACO plays a major role as manufacturer and assembler of commercial vehicles, including trucks.