Mr. Tran Ba Duong: THACO sacrifices short-term profits to reach international level

Hoàng Bin |

Da Nang - THACO Chairman Tran Ba Duong sends a message of comprehensive restructuring of the Group, to create a foundation for reaching international level in 2027.

Accelerate for the target of 180,000 billion VND in revenue

THACO Group has just held a launching ceremony at the beginning of the year in Chu Lai (Da Nang) connecting online to many bridge points with more than 60,000 workers at home and abroad.

Quang cảnh lễ ra quân đầu năm 2026 của Tập đoàn THACO, ở điểm cầu Chu Lai (Đà Nẵng). Ảnh: Hoàng Bin
Scene of the launching ceremony at the beginning of 2026 of THACO Group, at Chu Lai bridge point (Da Nang) on February 23 (the 7th day of Tet). Photo: Hoang Bin

In the "New Year Message 2026", Mr. Tran Ba Duong - Chairman of the Board of Directors of THACO Group acknowledged that the world economic context continues to fluctuate, but Vietnam is emerging as a strategic destination for the global supply chain. For him, 2026 is not only a pivotal year for the country in the new growth era, but also a year of decisive acceleration for THACO after 3 years of "sacrifice of short-term revenue and profit" for comprehensive restructuring.

Chủ tịch HĐQT THACO Trần Bá Dương nhấn mạnh: Năm 2026 là năm bứt phá quyết định của THACO, tạo bệ phóng trở thành Tập đoàn đa ngành mang tầm khu vực ASEAN và thế giới vào năm 2027. Ảnh: Hoàng Bin
Chairman of THACO's Board of Directors Tran Ba Duong emphasized: 2026 is a decisive breakthrough year for THACO, creating a launching pad to become a multi-industry corporation of ASEAN and world stature in 2027. Photo: Hoang Bin

According to the 5-year plan (2023-2027), THACO sets a consolidated revenue target of approximately VND 180,000 billion by 2027, with more than 100,000 employees throughout the system. 2026 is identified as a "breakthrough" year, completing the new generation multi-industry industrial group model - highly integrated, operating on an industrial and digital platform.

Member Groups are all assigned ambitious targets:

THACO AUTO sets a target of sales of more than 96,000 vehicles, revenue of 65,500 billion VND in 2026;

THACO INDUSTRIES expects revenue of 15,800 billion VND, of which exports are more than 200 million USD;

THACO AGRI is estimated to achieve revenue of 12,000 billion VND, exporting more than 400,000 tons of bananas;

Dai Quang Minh, THILOGI, THISO simultaneously entered an acceleration cycle with a total investment disbursement of tens of trillions of VND.

Notably, in Chu Lai - Da Nang alone, total disbursement in 2026 is expected to be 5,450 billion VND; total budget contribution of the entire system reached more than 27,300 billion VND, an increase of 29% compared to the previous year.

ASEAN aspirations for the 30th anniversary

Right in the first days of Binh Ngo 2026, nearly 500 containers of goods from THACO member corporations were exported through Chu Lai International Port to the global market.

At the same time, THACO INDUSTRIES inaugurated a series of factories for household equipment, specialized equipment and automotive furniture with a total investment of 70 million USD, aiming to increase the localization rate and deeply participate in the global supply chain.

Tập đoàn THACO khánh thành loạt nhà máy triệu đô và xuất khẩu hàng trăm container, tạo khí thế sôi nổi trong ngày ra quân đầu năm 2026. Ảnh: Hoàng Bin
THACO Group inaugurated a series of million-dollar factories and exported hundreds of containers, creating a vibrant atmosphere on the first launch day of 2026. Photo: Hoang Bin

An important highlight in Mr. Tran Ba Duong's message is governance reform. THACO will complete ERP (Business Resource Planning) for all grassroots production and business units in March 2026 and complete the digital platform for integrated units in 2027.

The management model is streamlined to two levels, restructuring centralized management nghiệp vụ at the General Office, and at the same time requiring the personnel team to be "multi-professional, multi-tasking", with foreign language and digitalization capabilities.

Dây chuyền công nghệ tự động hóa tại Nhà máy THACO Chu Lai, Đà Nẵng. Ảnh: Hoàng Bin
Automation technology line at THACO Chu Lai Factory, Da Nang. Photo: Hoang Bin

The philosophy is emphasized: "Doing honestly, creating real value and making practical contributions". This is also a consistent message that Da Nang city leaders recognize when assessing that THACO contributes nearly 30% of the total local budget revenue in 2025, creating jobs for tens of thousands of workers and is a pillar enterprise in the new growth strategy.

The city is committed to accompanying and creating the most favorable conditions for businesses to invest, expand production, and improve technological content and added value" - Chairman of Da Nang City People's Committee Pham Duc An emphasized.

Động viên doanh nghiệp đầu năm, lãnh đạo Đà Nẵng kỳ vọng tăng trưởng 11% năm 2026. Ảnh: Hoàng Bin
Da Nang leaders expect key enterprises such as THACO to contribute to realizing the city's GRDP growth target of 11% or more in 2026. Photo: Hoang Bin

2027 - the milestone of 30 years of establishment was identified by Mr. Tran Ba Duong as the time when THACO must reach the ASEAN and world level.

In the context of Vietnam setting a double-digit growth target, the message of the billionaire from Quang Nam shows his ambition not only to expand the scale of the business, but also to contribute to positioning a new industrial center in the Central region - where Chu Lai is being shaped as a new generation multi-industry industrial ecosystem.

Hoàng Bin
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