Mr. Tran Ba Duong's letter of gratitude to many senior leaders who voluntarily resigned

THACO - Ảnh 1. — Mr. Tran Ba Duong - Chairman and General Director of THACO - Photo: TC

The older generation gives way to the younger generation.

From a party to honor veteran leaders to a letter to all employees, Chairman Tran Ba Duong officially launched THACO's biggest restructuring in many years, which is to streamline the organization, transfer generations, and lay the foundation for comprehensive digital management.

"Many older leaders have understood and supported THACO by voluntarily resigning to give up their positions to younger successors, even though they have been committed and dedicated to THACO to achieve what it is today. They deserve to be recognized as silent sacrifices" - Mr. Tran Ba Duong wrote in a letter posted on the company's website on August 23.

Previously, General Director Pham Van Tai and Senior Director in charge of Culture - Communication Nguyen Mot had resigned.

At the same time, THACO announced a series of new personnel, including three young deputy general directors including Mr. Nguyen Quang Bao - Thaco Auto; Mr. Tran Bao Son - Thaco Agri; Mr. Nguyen Hoang Tue - Thadico and many key positions in the administrative department. Mr. Tran Ba Duong himself also directly holds the position of general director.

According to the 5-year strategy from 2023 to 2027, the 2023 - 2025 period is a stepping stone to shape a "comprehensive digital and integrated production - business - management model".

Mr. Tran Ba Duong said the group has completed this goal 5 months early, opening a new phase of arranging personnel in a streamlined, dynamic and quickly adaptable direction.

"This restructuring is an inevitable first step for THACO's further development, in line with the general trend of the country and the digital era," said Mr. Duong, while requesting to implement personnel evaluation based on the principles of objectivity - transparency - fairness.

Thaco's inevitable move

After three decades of building from an automobile assembly plant to a multi-industry corporation, THACO now has an ecosystem spanning from mechanics, logistics, infrastructure, trade services to high-tech agriculture and forestry.

In Chu Lai (formerly Quang Nam ), the industrial complex of more than 1,300 hectares gathers Mazda, Kia, Peugeot, truck, and bus assembly plants, accounting for 32% of the country's automobile market share.

The localization rate is one of the "bright spots" with buses reaching over 70%, trucks over 50%, and passenger cars 27-1a 40%, helping THACO optimize costs and customize products according to Vietnam's needs.

In 2024, the group will spend more than 1 billion USD to build a specialized mechanical industrial park in Binh Duong, aiming to become the leading supporting industrial center in the country.

Notably, THACO also proposed to participate in developing the domestic railway industry from train cars, locomotives, and signals with a commitment to maximum localization to reduce costs and proactively use technology.

TRUST

Source: https://tuoitre.vn/tam-thu-cua-ong-tran-ba-duong-cam-kich-nhieu-lanh-dao-lon-tuoi-tu-nguyen-xin-nghi-20250824090732864.htm