In the 2023 message of THACO President Tran Ba Duong to employees, he said that this is the first year that THACO has entered a new stage of development as a multi-industry industrial group, with 6 member corporations operating in the industry. the fields of automobile, supporting industry, agriculture, logistics, investment – construction and trade and services.
Billionaire Tran Ba Duong still sets many big goals for each field of THACO in 2023. Photo: THACO
However, according to billionaire Tran Ba Duong, in 2023, the world economy will face many great challenges, including fighting high inflation, tightening monetary policy and reducing consumption.
“Vietnam’s economy is forecasted to be very difficult, with low growth and reduced purchasing power due to reduced exports in the first half of the year, gloomy real estate market, low transactions,” Mr. Duong assessed. Commenting on this situation, the billionaire believes that the group will strengthen its internal resources, focus on upgrading governance and strive to complete the set strategic goals in 2023.
Start of 24 projects
With THADICO – Dai Quang Minh, billionaire Tran Ba Duong said that in 2023, THACO’s investment-construction member group will focus on promoting legal work to quickly and efficiently exploit the land fund. availability of the group.
Specifically, THADICO will start 24 commercial and infrastructure projects and complete the handover of 3 projects. The total investment disbursed in 2023 is VND 6,731 billion. At the same time, implementing the management of construction activities for 50 projects, meeting the production and business plans of THACO member groups.
According to billionaire Tran Ba Duong, 2023 is the starting year for a new development phase of construction investment, THADICO focuses on upgrading the management system, ensuring the works are both aesthetically pleasing and functional. suitable use and operation with optimal cost, bringing real value to customers.
Car demand is forecast to decrease this year
THACO targets THACO Auto to achieve a consolidated pre-tax revenue of over VND 90,000 billion in 2023. Photo: THACO
According to THACO Chairman Tran Ba Duong, the automobile market situation in 2023 is forecasted to decrease compared to 2022. THACO Auto is a corporation with a strategy of manufacturing, distributing and retailing a full range of automobiles. transport, bus, tourism) and a full range of automotive product segments (mid-end, high-end) bearing international brands and THACO brand.
In the face of difficult circumstances, THACO Auto strives to achieve sales of over 120,000 vehicles (of which, passenger cars are 96,000 vehicles, trucks 23,500 vehicles, buses and minibuses 1,500 units), having the highest market share in each category. and the highest total market share in the Vietnamese auto market. Total consolidated revenue before tax is over 90,000 billion dong, of which service revenue is 5,200 billion dong.
According to Mr. Duong, 2023 is forecasted to be a fiercely competitive auto market, so THACO Auto must continue to vigorously implement management plans at THACO Auto Chu Lai and each factory, in order to control well. costs, reduce costs. The company also focuses heavily on technology research and product development according to customers’ specific requirements, continues to research and develop electric vehicles with international brands and THACO brand.
THACO Agri is expected to collect 10,000 billion VND
THACO Agri is expected to collect 10,000 billion VND in 2023. Photo: THACO
Billionaire Tran Ba Duong said that in 2023, THACO Agri will develop the banana growing area in the complexes to reach 14,000 hectares, maintain other fruit orchards with a total area of 8,500 hectares, and the rubber area to take care of. long-term exploitation is 12,000 ha.
THACO Agri implements the strategy of raising reproductive cows, producing organic fertilizers for planting gardens, investing in a breeding cow farm of 6,000 hectares with a herd size of more than 100,000 cows by the end of 2023.
For the production and trading of pigs and animal feed, THACO Agri plans to develop the barn capacity by the end of 2023 to 215,000 heads.
“In 2023, THACO Agri will invest in the construction of the first fruit processing factory projects in Koun Mom Complex (Cambodia), factories producing agricultural materials and farms. freshwater fish farming in complexes; especially, focus on building experimental fields in Thai Binh agro-forestry industrial park.
Total consolidated revenue before tax in 2023 of THACO Agri is estimated at 10,000 billion VND, expected to spend 8,200 billion VND.
Emart will speed up in the midst of general difficulty
Emart Sala hypermarket (Thu Duc city) opens in 2022. Photo: THACO
With THISO – THACO’s retail, trade and service group, there are currently 4 types including large-scale complex Thiso Complex, medium-sized complex Thiso Center, Thiso Mall and mega-supermarket. Thiso Retail commercial mix market.
The Emart Vietnam chain, operated by THACO in mid-2021, aims to maintain the market leading revenue for Emart Phan Van Tri store, and achieve breakeven in the first year for new stores, total sales. The revenue of the whole chain in 2023 will reach VND 3,200 billion, an increase of 60% compared to 2022.
With THACO Industries, in 2023, the group will invest in building a new R&D center, a passenger car interior complex, a passenger car glass factory, and 2 auto component factories in Chu Lai with total capital. invested more than 3,000 billion VND, the plan to implement investment spending in 2023 is 1,700 billion VND.
With THILOGI – a group providing full logistics services for THACO’s member corporations and external customers, it is expected to carry out 55,200 containers in 2023. The total throughput of goods through the port reaches 4.5 million tons, increased 15% compared to 2022 and total revenue in 2023 reached more than 3,000 billion.
