Vehicles assembled at a Thaco factory in Chu Lai Industrial Zone in Quang Nam

(Photo: VNA)

Thaco also hopes to earn 21 million USD from exports of components and spare parts. This year, Thaco shipped 120 passenger cars to Myanmar.

Under a strategic cooperation agreement between Thaco and South Korea’s Kia Motors Corporation, Thaco has become a manufacturing and assembly centre of the Korean corporation in Southeast Asia to export vehicles and components to regional countries.