THE 2026 MESSAGE BY THACO CHAIRMAN TRAN BA DUONG THACO INDUSTRIES inaugurates CONSUMER, SPECIALIZED EQUIPMENT, AND AUTOMOTIVE INTERIORS PLANTSTHACO opens YEAR 2026 WITH MULTI-INDUSTRY GROWTH PUSHCHU LAI PORT starts NEW YEAR WITH BUSTLING FIRST SHIPMENTSWEEKLY BULLETINPublished every week ISSUE 307
CONTENTSTHACO FEATURESINDUSTRY UPDATES 22• The 2026 Message by THACO Chairman Tran Ba Duong• Responses to THACO Chairman’s 2026 Message from Sub-holding leaders• THACO opens year 2026 with multi-industry growth push• THACO INDUSTRIES inaugurates consumer, specialized equipment, and automotive interiors plants• Chu Lai Port starts new year with bustling first shipments• Ho Chi Minh City People's Committee Chairman pays New Year visit to THACO.............................................. 3.......... 8......................................... 13......................................................................................................... 16........................................... 18........................................................................................................................................ 2012
Dear all THACO employees and staff,In 2026, the global economy continues to face significant volatility and geopolitical conflicts. However, this is also the year Vietnam breaks through, emerging as a strategic destination within global supply chains, demonstrating sustainable growth and strong adaptability. This is also the first year the country implements the 14th National Congress of the Communist Party of Vietnam’s Resolution — the beginning of a new national era, driven by the aspiration for double-digit economic growth (above 10%), promoting innovation, science, technology, and private enterprise as key engines of economic development.For THACO, 2026 is the fourth year of our Five-Year Plan (2023–2027) implementing the multi-industry strategy. This is the year of acceleration and breakthrough, after three years of consistently pursuing comprehensive restructuring, with the goal of building a newgeneration, multi-industry industrial corporation characterized by high complementarity and integration, built on industrial and digital foundations, operating at large scale with high technology and technical content, meeting regional and international levels, maintaining leading roles in Vietnam, and achieving consolidated revenue of approximately VND 180 trillion by 2027 with a total workforce of over 100,000 employees, contributing to growth across localities, industries, and the country as a whole. In addition, the corporation will operate new agricultural projects by early 2027, including: large-scale, ecological, automated, smart pig farming projects in compliance with environmental and biosafety standards in Gia Lai and Dak Lak; a project comprising 300-hectare rice farms and a rice-production supporting industries and processing industrial park in Hung Yen; and a Vietnamese ginseng and medicinal herb project in the mountainous areas of Da Nang.In 2026, THACO AGRI targets fresh banana exports of over 400,000 tonnes, 20,000 beef cattle, and other agricultural products, with estimated revenue of approximately VND 12,000 billion; investment spending of VND 10,000 billion; and 51,000 employees. Revenue target for 2027 is approximately VND 40,000 billion.THE 2026 MESSAGE BY THACO CHAIRMAN TRAN BA DUONG1. THACO AGRI:By end of 2025, THACO AGRI had substantially established four large-scale integrated agricultural complexes covering tropical fruit cultivation (banana, pineapple, durian, mango, pomelo) and large-scale, industrial, organic cattle farming — from cattle breeding to fattening — featuring integrated, circular, enclosed value chain from production and farming to sales and processing, across Cambodia, Laos, and Gia Lai. In 2026, the corporation will increase an additional 10,700 hectares of bananas, totaling banana area to 15,800 hectares; fruit area (durian, mango, pomelo) to 8,200 hectares; and total cattle herd to over 200,000 head. It will continue to construct agricultural material production and processing plants, and complete the logistics system.WEEKLY BULLETIN • 307 3
2. DAI QUANG MINH:Dai Quang Minh's role is to invest and construct transport infrastructure, seaports, and railways in conjunction with TOD development, specialized industrial parks, urban areas, and real estate — characterized by \"specialization and integration,\" ensuring projects are executed independently yet complementarily, delivering superior and sustainable value. In 2026, amid the rapid expansion of urban transport infrastructure across Vietnam, Dai Quang Minh continues to accelerate innovation and comprehensively enhance its governance and management capabilities across the Investment – Construction – Operations value chain, on an industrial and digital platform, aligned with the latest technical and technological requirements.In 2026, 42 projects will be commenced and 12 completed, meeting requirements for scale, quality, and timelines. Key highlights include: accelerating construction of the Ben Thanh – Tham Luong Metro line and breaking ground on the Ben Thanh – Thu Thiem, Thu Thiem – Long Thanh Airport Metro lines, ensuring operations by 2030; acquiring and mastering core railway technologies (TBM tunneling, precast concrete, viaduct construction); implementing the Dau Giay – Tan Phu Expressway’s BOT project on schedule; completing the R1 viaduct section and continuing remaining sections of the four main roads in Thu Thiem Urban Area as soon as the city completes land clearance; advancing the Red River Boulevard’s Landscape project and the multi-purpose urban development project in Dong Anh and Thu Lam, Hanoi; simultaneously breaking ground on component projects at Sala Urban Area, targeting completion and operations by end of 2027 to shape Sala as a smart, green, and sustainable model urban area; expediting construction of commercial centers for THISO; and commencing and operating new industrial parks in Chu Lai–Da Nang and the Specialized Mechanical Engineering Industrial Park (786 ha) in Ho Chi Minh City, meeting the timeline for THACO INDUSTRIES' railway and multipurpose mechanical engineering complex.In 2026, revenue is projected at over VND 12,000 billion with a total headcount of 1,600. Planned capital expenditure will exceed VND 21,000 billion, in pursuit of the 2027 revenue target of VND 37,000 billion.3. THACO INDUSTRIES:THACO INDUSTRIES will continue developing supporting industries for automotive, agriculture, and multipurpose mechanical engineering, while expanding into railways, heavy industry, and hightech manufacturing through deep participation in urban railway projects and global industrial value chains, building a concentrated, large-scale production model spanning the full value chain: business – R&D – manufacturing – installation, operation – handover.At Chu Lai – Da Nang: THACO INDUSTRIES will continue expanding automotive supporting industries, mechanization solutions for agriculture, and multipurpose mechanical engineering; scaling up and investing in next-generation component, parts, and mechanical manufacturing plants, as well as electromechanical, electronic, and automation assembly plants within the 115-hectare expanded mechanical engineering industrial park. It will propose with Da Nang City to develop a Heavy Industrial Manufacturing Center producing ultra-large, ultra-heavy structural components, shipbuilding, and offshore equipment.At Binh Co – Ho Chi Minh City: From March 2026, THACO INDUSTRIES will begin investing in the 320-hectare Railway and Multipurpose Mechanical Engineering Complex, targeting operations from September 2026, with core products in4THACO FEATURESWEEKLY BULLETIN • 307
cluding: locomotives and rolling stock; specialized railway systems and equipment; high-technology, high-quality precast concrete components; specialized infrastructure construction equipment (tunnel boring machines (TBM), beam launching equipment) and TBM tunneling services; aluminum alloy-based multipurpose mechanical engineering products; and heavy industrial mechanical products serving different industries. The corporation will research, develop, and manufacture automation and intelligent control systems; electrical, electronic, and high-tech equipment for Metro projects and export markets.In 2026, revenue is estimated at over VND 15,800 billion, including export revenue of over $200 million. Total headcount: 10,000; planned capital expenditure: over VND 1,500 billion. Revenue target for 2027: VND 26,000 billion.4. THACO AUTO:Building on the experience and success of THACO-branded buses and trucks, THACO AUTO will introduce and launch THACO-branded Minibuses in June 2026, followed by its branded passenger vehicles in 2027, with emphasis on R&D and customization. The corporation will also accelerate export sales and spare parts service operations. Retail operations at provincial companies will be run in a systematic, sustainable, professional, and efficient manner. A new multi-brand passenger vehicle showroom model will be launched at the THISO Mall Tay Ho Tay; and light truck and mainstream passenger vehicle showrooms will be deployed across communes and wards.In 2026, THACO AUTO aims to sell over 96,600 vehicles and earn revenues of VND 65,500 billion, with exports exceeding $30.5 million, have a total headcount of 13,000, and capital expenditure of over VND 1,000 billion. By 2027, THACO AUTO targets revenue of VND 72,000 billion.5. THISO:THISO owns, operates, and manages commercial real estate assets, applying the strategic \"one destination, multiple utilities, service\" model connecting THACO with consumers, communities, and society at large.In 2026, THISO will continue to develop and refine its integrated commercial center model, combining automotive showrooms, hypermarkets, convention centers, food and beverages, and entertainment. Key milestones include: launching the flagship THISO Mall Tay Ho Tay (Hanoi), together with Emart hypermarket integrated with automated warehousing and the Thiskyhall Convention Center, breaking ground on the Hoang Mai project (Hanoi) as a large-scale commercial center integrating accommodation, indoor and outdoor entertainment, and four additional commercial center projects in other provinces and cities.In parallel, THISO will expand its food and beverage business with new models, including a cuisine R&D Center combined with a \"Farm to Table\" Vietnamese restaurant concept promoting THACO AGRI's organic produce, integrated with a pilot health and wellness center at Sala Urban Area. From 2026, THISO will also serve as a real estate sales agent for Dai Quang Minh, initially at Sala Urban Area.In 2026, THISO's total revenue is projected at over VND 6,000 billion with a total headcount of 3,700 and capital expenditure of over VND 1,100 billion. Revenue target for 2027: VND 10,000 billion.6. THILOGI:In 2026, THILOGI will consolidate and expand its logistics network from its hub in Central Vietnam, connecting with Southern Laos, Northern Cambodia, and Vietnam’s Central Highlands; expand its network in Southern Vietnam with links to domestic 5THACO FEATURESWEEKLY BULLETIN • 307
and international sea routes; and accelerate full-package door-to-door logistics services, with focus on fresh fruit and general cargo using specialized refrigerated containers.In 2026, THILOGI will invest in 640 vehicles (tractors and semi-trailers); 3,000 specialized refrigerated containers for fruit export transport; and will develop and operate Inland Container Depots (ICDs) in the Central Highlands and Southern regions. The corporation will also oversee the construction of two new 1,900-TEU container vessels, operating by the end of 2027.In 2026, Chu Lai Port’s total throughput is estimated at 6 million tons; road transport of nearly 27,000 containers; and maritime shipping of 113,000 containers on domestic and international routes. Consolidated revenue is estimated at VND 6,000 billion; total headcount: 2,000; capital expenditure: VND 2,000 billion. By 2027, THILOGI targets revenue exceeding VND 10,000 billion.7. THACO CHU LAI:2026 is the fourth year THACO at Chu Lai – Da Nang enters a new investment cycle, forming a new-generation multi-industry industrial ecosystem: green, smart, modern, with high integration and complementarity, comprising: an Automotive Assembly and Manufacturing Center; a Multipurpose Mechanical Engineering and Equipment Center, an Automotive Components and Agricultural Equipment Center; a Specialized Container Handling and Transport Center on the Chu Lai – Northeast Asia sea routes; an Agro-Forestry Deep Processing Center; an Urban Area with full social infrastructure including commercial services, schools, and hospitals; and a Ginseng and Medicinal Herb Cultivation and Processing Center. However, investment legal procedures have been slow. Entering 2026, with the decisive support and coordination of the Da Nang Party Committee and authorities at all levels, the investment and construction plans are as follows:• Agro-Forestry Specialized Industrial Park (451 ha) and Expanded Automotive Mechanical Engineering Industrial Park (115 ha): complete land clearance across all project areas and commence infrastructure construction; begin building processing plants in Q3 2026.• Ginseng and Medicinal Herb Cultivation Project in Da Nang's mountainous areas: finalize zoning for ginseng and medicinal herb growing areas by March 2026; complete compensation and land clearance; commence infrastructure construction for the industrial-model ginseng and medicinal herb farm and invest in a ginseng and medicinal herb seedling center in Q3 2026.• 50,000-DWT Cua Lo Channel Project: complete legal procedures for groundbreaking in June 2026.• Chu Lai Urban Area and Social Housing Project in Tam Anh Commune: complete legal procedures to obtain investment approval in June and break ground in October 2026.• Da Nang – Hoi An Urban Rail Line: complete legal procedures to obtain investment approval in April 2026; break ground on April 30, 2027; complete in January 2031.In 2026, THACO plans to spend VND 5,450 billion in capital investment at Chu Lai and hire 1,300 new employees, expanding its workforce there to 16,500. In 2026, THACO's total budget contributions are projected at VND 27,304 billion, up 29% from 2025, of which VND 21,043 billion contributed in Da Nang and VND 6,261 billion in Ho Chi Minh City and other localities.8. GOVERNANCE:In 2026, THACO will continue to refine the development strategy of a large-scale, multi-industry industrial corporation built on industrial and digital foundations, with high complementarity and integration both within and across Sub-holdings — leveraging favorable external opportunities and THACO's strong capabilities. On this basis, THACO will develop business plans following New – Differentiated, 6THACO FEATURESWEEKLY BULLETIN • 307
Breakthrough – Innovative principles, elevating THACO to a regional and global brand and achieving sustainable development from 2027. Governance will be comprehensively upgraded and aligned with strategy, ensuring uniformity across the system and specialization according to each Sub-holding's business characteristics — optimal production, business, and governance models at all unit levels, with industrial production focused on automation, smart control, and digital management. The roadmap includes completing ERP for all \"grassroot production and business units\" and integrated systems by March 2026, digital platforms for all \"integrated production and business units\" by June 2027, and comprehensive digital governance by end of 2027.To ensure uniformity across THACO, core corporate functions and certain functions will be centrally managed by the THACO Headquarters and Sub-holdings leaderships. Accordingly, corporate function divisions are organized at THACO Headquarters to oversee production and business operations, as well as specialized governance and business functions will be maintained at Sub-holdings level, shaping the two-tier governance model across the system.To execute a differentiated strategy and specialized governance in the digital age, THACO will develop a workforce and leadership team deeply committed to the real-value philosophy in actions, value creation and contributions — embracing the industrial mindset that meet the demands of the new era: discipline, technical mastery, and innovation — with dedication and the spirit that \"every employee is a THACO ambassador.\" All employees must also develop adaptability, multi-skill, multi-role capabilities, along with proficiency in foreign languages and digital tools.Dear colleagues and employees,For THACO, 2026 is not only the year to achieve the targets set in our strategy and business plan — it is also a critical period in which THACO strives to renew and elevate our governance capabilities, closely tied to a comprehensive digital transformation roadmap. This is the key ground for THACO's sustainable development amid stronger global integration and shifts toward digital economies. Our business and governance plans for 2026 can only be fulfilled through your highest level of effort and focus, combined with self-improvement and continuous learning — especially high-potential staff and leaders. Achieving the 2026 plan will serve as the launchpad for THACO to become an ASEAN and globally recognized multi-industry corporation by 2027 — also THACO's 30th anniversary. With this development goal, we will certainly make a meaningful and significant contribution to the growth of the localities and to a prosperous Vietnam in the new era — something each and every one of us takes pride in, through our work at THACO.Sincerely yours,THACO ChairmanTran Ba DuongChủ Tịch HĐQT Phó Chủ Tịch HĐQTNguyễn Hùng Minh Trần Bá DươngTổng Giám ĐốcPhạm Văn Tài7THACO FEATURESWEEKLY BULLETIN • 307
MR. TRAN BAO SON – THACO VICE PRESIDENT, THACO AGRI PRESIDENTTHACO AGRI is a THACO’s Sub-holding, established in 2019. Operating across Vietnam, Laos, and Cambodia, it is one of the region's largest agricultural corporations, focused on tropical fruit cultivation and organic, integrated, and circular livestock farming built on an industrial foundation.Responses to THACO Chairman’s2026 MESSAGEFROM SUB-HOLDING LEADERSAt the 2026 New Year Opening Ceremony, leaders of THACO Sub-holdings responded to the 2026 Message by THACO Chairman Tran Ba Duong, expressing their strong commitment to achieving targets and contributing to THACO's overall growth.8THACO FEATURESWEEKLY BULLETIN • 307
In 2025, we revised our business strategy with a focus on differentiation, breakthroughs, and innovation. The priority was strengthening the investment and management model across our four agricultural complexes, laying the groundwork for sustainable agricultural development and our goal of becoming a leading agricultural corporation in ASEAN by 2027.In response to the Chairman's 2026 message, our leadership team and staff have named 2026 as a year of acceleration and breakthrough. We are committed to innovating and elevating our management capabilities to meet our investment, business, and operational targets for 2026 — and to build momentum toward 2027 and beyond. Our specific priorities for 2026 are:1. We will strengthen investment and business performance across four agricultural complexes, with a focus on specialized fruit crops — particularly bananas and pineapples — as well as integrated fruit and cattle farming operations, including durian, mango, and pomelo. 2. At plants and enterprises, we will apply ERP to improve operations, boost productivity and quality, reduce costs, and meet planting, revenue, and profit targets.3. New investment projects: In 2026, THACO AGRI will continue developing large-scale integrated and circular agricultural ecosystem across the complexes. New investments will include large-scale, automated livestock farms with strict environmental and biosecurity standards; industrial clusters, processing plants, and post-harvest logistics centers in Gia Lai and Dak Lak provinces; ginseng and medicinal herb projects in the mountainous areas of Da Nang; and a rice and grain project in Hung Yen province.In governance, THACO AGRI will undertake a comprehensive strengthening of its management capabilities in 2026, covering four key areas. 1. Focus on strengthening the management and executive workforce at the AgriIndustrial Complexes; enhance training and development of skilled workers and local managers; recruit more than 21,000 employees and support the livelihoods and welfare of over 51,000 workers; build a disciplined, system-compliant industrial workforce for agriculture; apply ERP software to production management at Enterprises, Factories, and complete integrated management software for investment and business operations across the Complexes.2. At THACO AGRI's two Head Offices, specialized divisions and departments focus on researching and applying advanced agricultural technologies, as well as mechanization, electrification, and smart control solutions to improve productivity and quality while reducing production costs. The Business Development & Logistics Division concentrates on R&D and market expansions (the Middle East, Central Asia, Russia, and South Korea).3. In 2026, THACO AGRI's core corporate functions will focus on: completing the legal frameworks for ongoing projects; securing investment funds and managing operational cash flow; strengthening recruitment and leadership development; and proceeding the Digital Transformation program across Enterprises and Complexes, along with operational management software for all Divisions and Departments.THACO FEATURESWEEKLY BULLETIN • 307 9
MR. NGUYEN HOANG TUE – THACO VICE PRESIDENT, DAI QUANG MINH PRESIDENTDai Quang Minh is THACO’s Sub-holding responsible for overseeing all of THACO's construction and investment activities. Its strategy spans transportation infrastructure, industrial parks, urban development, and real estate projects.In 2025, Dai Quang Minh broke ground on several major projects: the Dau Giay – Tan Phu Expressway BOT project under a public-private partnership (PPP) model; the expanded Chu Lai – Truong Hai Automotive Industrial Park (115 hectares); the mixed-use Sarene residence complex (Lot 6.8); and a commercial center in Tay Ho Tay, Hanoi. The company also launched the Red River Boulevard’s landscape project and researched urban rail network planning in Ho Chi Minh City, proposing to participate in metro projects in both Ho Chi Minh City and Da Nang.Entering 2026, we see this as a period of acceleration — continuing to innovate and strengthen our capacity to manage projects across the Investment – Construction – Operation value chain, underpinned by industrial processes and digital transformation.In response to the Chairman's 2026 message, Dai Quang Minh's leadership and staff commit to three priorities.First, we will refine our investment and construction management model to suit each project type, ensuring a systematic, integrated approach with full oversight across the value chain. This includes effectively running four divisions covering different project categories and value chain segments, two subsidiaries handling design and construction, and specialist technical units — centrally managed by THACO headquarters.Second, we will advance IT and digital transformation in line with THACO's broader digitalization roadmap, focusing on management and decision-making tools to improve transparency and operational efficiency.Third, we will prioritize recruiting senior leaders and specialists — particularly for newly developed areas — while continuing to train and develop our existing workforce, building a high-quality talent base to support investment and construction plans in 2026 and beyond.THACO FEATURESWEEKLY BULLETIN • 307 10
MR. DO MINH TAM – THACO INDUSTRIES PRESIDENTTHACO INDUSTRIES is THACO’s Sub-holding that manufactures a wide range of industrial products and solutions, including automotive components and parts, and general mechanical engineering products.Despite challenging global and domestic economic landscapes in 2025, THACO INDUSTRIES maintained positive growth, earning consolidated revenue of more than VND 12,500 billion — up 16% — and expanding exports to 23 countries. Entering 2026, the company sees this as a year of acceleration and strategic importance for its next phase of development. THACO INDUSTRIES has set a revenue target of over VND 15,800 billion, a 26% increase from 2025, while pushing forward with strategic projects to expand into railway industry, heavy industry, and high technology — laying the foundation for longterm, sustainable growth from 2027 onward.In response to the Chairman's 2026 message, THACO INDUSTRIES commits to the following priorities.On operations and governance, the company will run an integrated management model covering an R&D Center, two manufacturing complexes in Chu Lai and Binh Co (Ho Chi Minh City), and a Mechanical and Electrical Engineering Company. Management will flow through corporate, specialist, and business functions, supported by six specialist divisions overseeing value chains by product group.On R&D, the focus will be on developing industrial products and solutions that meet international standards, remain competitively priced, and incorporate more advanced technology — in line with trends in automation and intelligent control — tailored to specific customer needs.At the Chu Lai Complex in Da Nang, the mission is stable growth in revenue and profit, expanding the product range supplied to THACO Sub-holdings, growing the domestic and export customer base, and continuing to invest in automation, smart control, and digitalization to optimize costs and sharpen competitiveness.Binh Co Complex in Ho Chi Minh City will focus on completing the operational and governance model, structure, and staffing, while pressing ahead with the Railway Industry and General Mechanical Engineering Complex project. This includes partnering with technology providers to acquire knowhow for locomotives, rolling stock, specialized railway equipment and systems, and highquality precast concrete components for metro projects.The Mechanical and Electrical Engineering Company will continue refining operational and management model and take on construction projects nationwide, including TBM tunnel boring, MEP systems for metro, civil, and industrial projects, and operation, maintenance, and repair of mechanical and electrical systems for buildings, commercial centers, mixed-use complexes, infrastructure, and railway industrial equipment.Across all operations, THACO INDUSTRIES will work toward a fully optimized management model — ensuring comprehensive, efficient management, financial self-sufficiency, and access to capital for new investments. The company will follow THACO's digital transformation roadmap to manage all information and data in real time with accuracy and transparency, while developing leadership pipeline and broader workforce to meet the demands of the new growth phase.THACO FEATURESWEEKLY BULLETIN • 307 11
Central Asia. Exports include THACObranded products — trucks and buses, which will be developed to meet international standards, alongside buses under international brands including Scania, Mercedes-Benz, and Volkswagen. The goal is to make export one of THACO AUTO's core business activities.On retail operations, provincial companies will serve as THACO AUTO's local representatives, embodying the company's philosophy of dedicated service. They will operate under KPIbased management with a focus on cost and pricing control by brands and models, as well as after-sales service pricing and value-added services. Leadership development and digital transformation will also be priorities, in which digital tools deployed to manage showroom and dealership operations comprehensively.At its Chu Lai Manufacturing Complex, the focus will be on R&D to develop products using new technologies that meet market demand, especially ensuring timely production to market. The company will also prioritize customization, standardize production processes, and tighten controls over material, labor, and energy costs while maintaining quality standards.On governance, THACO AUTO will concentrate on three areas. First, we will rigorously control operating costs and improve the financial performance of each unit, broken down by vehicle model, business activity, location, and legal entity. Second, we will implement digital transformation across factories, provincial companies, and R&D Center — digitizing business processes and building management dashboards to support timely decision-making at all levels of leadership. Third, we will develop a disciplined, technically skilled, and creative workforce guided by the dedicated serving spirit, building a team capable of meeting THACO AUTO's strategic goals in this new phase of growth.MR. NGUYEN QUANG BAO – THACO VICE PRESIDENT, THACO AUTO PRESIDENTIn 2026, THACO AUTO will focus on cost control, optimizing business performance, and strengthening its digitalized management systems to ensure stable and sustainable growth — in line with targets set out in the Chairman's 2026 message.On vehicle sales and after-sales services, THACO AUTO will apply end-to-end management, from headquarters down to provincial companies, showrooms, and dealerships through dealer agreements and management systems. Operations will be governed by KPIs, with emphasis on improving market forecasting and planning to meet sales volume and market share targets.In export, the corporation will strengthen export management structures and teams, and expand into new markets including the Middle East, Africa, and THACO FEATURESWEEKLY BULLETIN • 307 12
High-level government officials attending the ceremony in Chu Lai included Mr. Le Ngoc Quang, Secretary of the Da Nang City Party Committee; Mr. Pham Duc An, Deputy Secretary of the City Party Committee, and Chairman of the Da Nang People's Committee; and Mr. Le Tri Thanh, Chairman of the Vietnam Fatherland Front Committee in Da Nang, along with representatives from local political and social organizations and city department heads.As is customary, THACO Chairman Tran Ba Duong delivered his 2026 New Year message to all staff. He noted 2026 marks the fourth year of THACO's five-year plan (2023–2027) implementing its multi-industry strategy, and called it a year of acceleration and breakthrough. The goal, he said, is to build a new-generation multi-industry industrial group — highly integrated and complementary across its businesses — grounded in industrial THACO OPENS YEAR 2026 WITH MULTI-INDUSTRY GROWTH PUSHOn the morning of February 23, the seventh day of the Lunar New Year, THACO held its 2026 New Year Opening Ceremony at Chu Lai, Da Nang, connected live to 34 provinces and cities in Vietnam, Laos, Cambodia, Myanmar, and South Korea. More than 60,000 employees across the system participated in the event.processes and digitalization, operating at a large scale with high technology content, and competing at a regional and international level while maintaining a leading position domestically and contributing to local and national economic growth.Delegates at the new year opening ceremonyTHACO Chairman Tran Ba Duong delivers 2026 Message to all staffTHACO FEATURESWEEKLY BULLETIN • 307 13
To execute this strategy in the digital age, THACO invests in a workforce and leadership team that lives by the real-value philosophy in actions, value creation and contributions — disciplined, technically skilled, innovative, and dedicated. All staff are expected to be adaptable, multiskilled, multilingual, and digitally capable.\"THACO's 2026 business and management plan can only be achieved through the best effort and focus, combined with continuous learning and capability development — especially among our high-potential staff and leaders,\" the Chairman said. \"Completing our 2026 plan will be the launchpad for THACO to become a Southeast Asian and global multi-industry corporation by 2027, our 30th anniversary.\"Speaking at the ceremony, Da Nang People's Committee Chairman Pham Duc An praised THACO's leadership, experts, and workers for their outstanding achievements in 2025. \"THACO has delivered truly impressive results, making a major contribution to the city's economic and industrial development. Most notably, THACO contributed nearly 30% of the city's total budget revenue, solidifying its position as one of the largest contributors to the local budget and a major source of employment,\" he said.In Ho Chi Minh City, the ceremony was held at Thiskyhall Convention Center in An Khanh Ward, with 1,870 THACO leaders and staff in attendance. Responding to THACO Chairman’s 2026 Message, Mr. Nguyen Hoang Tue, THACO Vice President and Dai Quang Minh President, said 2026 is a year of acceleration focused on strengthening project management capabilities across the Investment–Construction–Operation value chain. Dai Quang Minh will refine its governance model, advance digital transformation, improve operational controls and transparency, and step up recruitment and training.Da Nang People's Committee Chairman Pham Duc An addresses the ceremonyAt Ho Chi Minh City, THACO hosts its New Year opening ceremony at Thiskyhall Convention CenterMr. Nguyen Hoang Tue, THACO Vice President and Dai Quang Minh President, responds to THACO Chairman’s 2026 Message in Ho Chi Minh City14THACO FEATURESWEEKLY BULLETIN • 307
Inauguration ceremony for the Automotive Interiors Plant The first export ceremony of the new yearIIn Gia Lai, the New Year Opening Ceremony was attended by nearly 400 staff members at the THACO AGRI Head Office, and was connected to the Koun Mom and Snuol (Cambodia), the Southern Laos Agri complexes, Trung Nguyen Cattle, Hoang Anh Dak Lak, Cao Nguyen Fruit Tree, THAGRI Binh Dinh, THAGRI An Giang, and THAGRI Long An companies. Following the year opening ceremony in Chu Lai, THACO inaugurated three new factories — for consumer equipment, specialized equipment, and automotive interiors — and launched the year’s first export shipment, including nearly 500 containers from THACO Sub-holdings and businesses in central Vietnam through Chu Lai Port to markets around the world.With new plant inaugurations and earlyyear export drive, THACO continues to positively demonstrate its manufacturing strength, product quality, and commitment to deeper global integration as it works toward becoming an ASEAN-scale and globally recognized multi-industry corporation by 2027.Mr. Tran Bao Son, THACO Vice President and THACO AGRI President, said 2026 must be a year of acceleration and breakthrough for the group, with a focus on innovation and elevating management capabilities to meet targets for 2026 and build toward 2027 and beyond.Mr. Tran Bao Son, THACO Vice President and THACO AGRI President, responds to the Chairman's New Year messageTHACO AGRI staff attend the New Year opening ceremony at the Head Office in Gia LaiTHACO FEATURESWEEKLY BULLETIN • 307 15
On February 23, immediately following THACO's New Year Opening Ceremony, THACO INDUSTRIES inaugurated three new manufacturing facilities: the Consumer Equipment Plant, the Specialized Equipment Plant, and the Automotive Interiors Plant. Built across a combined area of 92,000 square meters, the three factories represent a total investment of $70 million and are equipped with advanced, highly automated technology.The Consumer Equipment Plant spans 25,000 square meters with a $20 million investment. It has an annual production capacity of 150,000 fitness equipment units, 140,000 shopping carts, 100,000 household appliance products, and 50,000 sets of premium furniture, urban transit seating, and other mechanical components.The Specialized Equipment Plant covers 60,000 square meters with a $30 million investment, capable of producing 75,000 units of industrial and agricultural equipment and specialized structures, as well as 23,000 tonnes of steel structures per year.Both factories feature a fully automated production line running from blank forming, welding, and painting to assembly, packaging, and delivery. Key equipment includes laser cutting machines for sheet and structural steel, welding robots, and automated welding gantry systems. Expanded painting facilities with surface treatment lines and enclosed color booths, along with automated material feeding systems and production management software, bring both factories up to export standards.THACO INDUSTRIES INAUGURATES CONSUMER, SPECIALIZED EQUIPMENT, AND AUTOMOTIVE INTERIORS PLANTSInauguration ceremony of the Consumer Equipment Plant16THACO FEATURESWEEKLY BULLETIN • 307
standards and customer-specific requirements.Looking ahead, THACO INDUSTRIES plans to expand further with an expanded Mechanical Engineering and Supporting Industries Center spanning 115 hectares, new-generation auto parts factories, and electromechanical and automation assembly facilities. A feasibility study is also underway for a Heavy Industrial Manufacturing Center covering 797 hectares, focused on oversized and heavy-load components, shipbuilding, and offshore equipment.These developments reinforce THACO INDUSTRIES' role as a pioneer in sustainable mechanical manufacturing and supporting industries, contributing to the broader advancement of Vietnam's industrial sector.The Automotive Interiors Plant occupies 7,000 square meters with a $20 million investment and an annual capacity of more than 100,000 product sets, covering passenger vehicle air conditioning systems, floor coverings, ceiling linings, and other interior components. The factory operates on an enclosed, automated production line under strict quality controls, helping to diversify THACO's product range, increase local content, and integrate into the supply chains of international automotive brands.Together, the three plants strengthen THACO INDUSTRIES' manufacturing capacity and competitiveness, and advance the development of a strategic mechanical manufacturing and supporting industries hub at Chu Lai, Da Nang — one built to meet export Inauguration ceremony of the Automotive Interiors PlantInauguration ceremony of the Specialized Equipment PlantTHACO FEATURESWEEKLY BULLETIN • 307 17
Chu Lai Port opened the 2026 Lunar New Year with a flurry of activity, welcoming vessels from the very first day of Tet and setting an energetic start for the year ahead.Container ships from international carriers RCL, SITC, and CMA CGM called at the port in the opening days of the new year, handling more than 3,000 import and export containers for businesses across the region. Vessel scheduling, berth allocation, and cargo clearance were managed efficiently to ensure on-time delivery for customers.CHU LAI PORT starts new year with bustling first shipmentsOn the seventh day of Tet, the same day with THACO's year opening ceremony — nearly 500 containers from THACO Sub-holdings Chu Lai Port starts new year with bustling shipmentsGoods handling is implemented safely and quickly, ensuring businesses' schedulesNearly 500 exported containers from THACO Sub-holdings and businesses in central Vietnam are shipped to ports around the worldTHACO FEATURESWEEKLY BULLETIN • 307 18
and central Vietnam businesses were exported through the port to Japan, South Korea, China, and the Philippines. The shipments covered a wide range of products: buses, motorcycles, industrial and mechanical goods, auto parts and components, textiles, fresh fruit, and other agricultural products.All early-year operations were carried out through THILOGI's end-to-end logistics services, integrating road transport, port operations, warehousing, sea freight, and ancillary services. This integrated approach shortens transit times, reduces costs, and improves supply chain efficiency for businesses using the port.In 2026, Chu Lai Port will continue expanding its infrastructure, adding cargo handling equipment, developing specialized warehouse facilities, and stepping up the use of renewable energy — all aimed at increasing vessel capacity and building out a comprehensive on-site logistics ecosystem.The first shipments of the new year were more than just a ceremonial start, but signaled the opening of a full new operating cycle. With a stable operational foundation and clear volume targets in place, the port is ready to accelerate at full steam from the very first months of 2026.Export ceremony for new-year shipments at Chu Lai PortThe new-year shipments open growth potentials for the new year THACO FEATURESWEEKLY BULLETIN • 307 19
HO CHI MINH CITY PEOPLE'S COMMITTEE CHAIRMANpays NEW YEAR VISIT TO THACOOn February 26, a delegation from the Ho Chi Minh City People's Committee, led by Mr. Nguyen Van Duoc, Deputy Secretary of the City Party Committee, and Chairman of the Ho Chi Minh City People's Committee, visited THACO for a working session to mark the start of the 2026 Lunar New Year.At the meeting, THACO Chairman Tran Ba Duong reported that after a period of comprehensive restructuring, the group is entering 2026 with a clear focus on accelerating growth. He explained that THACO had accepted short-term reductions in revenue and profit in order to restructure its operating model and build an integrated multi-industry industrial corporation grounded in industrial processes and digital transformation.The group has set a target of approximately VND 180,000 billion in revenue and a workforce of more than 100,000 people by 2027, with a strategic focus on largescale manufacturing, high technology and engineering, and deeper integration into regional and global value chains.In Ho Chi Minh City specifically, THACO will accelerate construction of the Ben Thanh – Tham Luong metro line this year, Ho Chi Minh City People's Committee Chairman Nguyen Van Duoc leads the delegation on a New Year visit to THACOTHACO FEATURESWEEKLY BULLETIN • 307 20
while also breaking ground on the Ben Thanh – Thu Thiem and Thu Thiem – Long Thanh Airport lines, with all three targeted for coordinated launch by 2030.Ho Chi Minh City People's Committee Chairman Nguyen Van Duoc praised THACO's contributions to the city's growth in 2025 and acknowledged the foundation it has laid for the next phase of development. He noted that THACO has responded positively to the government's push to develop the railway industry, participating in research and investment for several key lines in Ho Chi Minh City and neighboring areas including Binh Duong and Dong Nai.City leaders affirmed their commitment to supporting THACO's projects and pledged to assist when challenges arise. On upcoming projects, particularly metro lines, the city expressed high expectations for THACO's involvement. \"On the occasion of the new year, I wish all of THACO's leaders and workers good health and happiness. May the new year bring you new successes,\" Chairman Nguyen Van Duoc said.As Ho Chi Minh City accelerates infrastructure investment, urban development, and its shift toward a high-technology industrial economy, THACO is well positioned to continue playing a key role — contributing to major projects and supporting the city's sustainable growth goals in this new phase of development.Overview of the working sessionTHACO Chairman Tran Ba Duong and the Ho Chi Minh City People's Committee delegation21THACO FEATURESWEEKLY BULLETIN • 307
THACO–Son Hai Consortium proposes full phase-one expressway completion with nearly VND 8,500 billion The THACO–Son Hai consortium has proposed building the Dau Giay–Tan Phu Expressway to its full designed capacity in the first phase of construction, rather than in stages, to address growing traffic demand and reduce long-term investment costs. The Ministry of Construction has acknowledged the proposal, noting that completing the project in full from the outset would ensure consistency with the approved master plan, improve operational efficiency, and avoid the added costs of future expansion. The ministry clarified that accepting the proposal would not alter the project's objectives, route, or planned scale — only the phasing of investment — and that any such adjustment falls within the legal framework governing PPP projects.1 THACO NEWSMazda launches 2026 6e electric sedan in AustraliaMazda has unveiled the 2026 Mazda 6e, its first fully electric sedan, opening pre-orders in Australia with deliveries expected from July 2026. Mazda Australia is positioning the 6e as an accessible but high-value EV, starting at AUD 49,990 — well below comparable premium electric sedans. Standard features include a 14.6-inch center screen, a 10.2-inch digital instrument cluster, wireless Apple CarPlay and Android Auto, and a 14-speaker Sony audio system. The top-spec Atenza trim adds premium leather and synthetic suede upholstery, a two-tone steering wheel, and customizable ambient interior lighting.2 AUTOMOTIVEKia Seltos hits 600,000 sales milestone, leading the urban SUV segmentMore than five years after its launch, the Kia Seltos has reached 600,000 units delivered — cementing its place among the most successful compact SUVs in Kia's history. In India, the model is offered with a range of petrol and diesel engines paired with manual, automatic, or dual-clutch transmissions. In Vietnam, the Seltos entered the market in July 2020 and quickly topped the B-segment SUV rankings. Despite growing competition, it has held its ground thanks to a well-balanced combination of design, practicality, and proven brand value.INDUSTRY UPDATESWEEKLY BULLETIN • 307 22
Vietnam's railway industry valued at over VND 2.3 quadrillion through 2050Industry experts are calling Vietnam's railway industry its next major economic frontier. According to the Ministry of Industry and Trade's Department of Industry, the railway industry could be worth more than VND 2.3 quadrillion (approximately $90 billion) by 2050. The Vietnam Mechanical Engineering Association estimates that capturing just one-third of the market over the next 20 to 25 years would deliver a significant boost not only to railway businesses but to the broader mechanical manufacturing and metallurgy sectors as well.4 MECHANICS & SUPPORTING INDUSTRIESVietnam's agricultural exports hit record high, aiming at $74 billion targetDespite a challenging year, Vietnam's agricultural sector maintained food security for over 100 million people in 2025 and achieved a record $70 billion in agri-forestry-fishery export turnover, reaffirming its role as a key pillar of the national economy. For 2026, the Ministry of Agriculture and Environment has set a target of $73–74 billion in exports, alongside goals to strengthen natural resource management, environmental protection, and climate resilience, and to make better use of land, water, forests, and biodiversity for sustainable agricultural and socioeconomic development.3 AGRICULTUREHo Chi Minh City revises Thu Duc master plan for new politicaladministrative center at Thu ThiemThe Ho Chi Minh City People's Committee has approved a partial revision to the master plan for the former Thu Duc City through 2040, covering the Thu Thiem New Urban Area. The adjustment is aimed at implementing priority projects and policies to attract strategic investors under National Assembly Resolution No. 260, including the development of a central square and a political-administrative center for Ho Chi Minh City. The revision also accommodates other key public projects in the Thu Thiem area, including a Children's Palace and a Symphony Concert Hall, forming an integrated multi-functional civic complex combining political, administrative, and cultural functions.5 INVESTMENT & CONSTRUCTIONINDUSTRY UPDATESWEEKLY BULLETIN • 307 23
Vietnam retail market reaches record $268.5 billionVietnam's total retail goods and consumer service revenue reached $268.5 billion in 2025, up 9.2% year-on-year, according to the Ministry of Industry and Trade. E-commerce accounted for $32 billion of that figure — 12% of total retail revenue — growing at an average annual rate of over 20% and ranking second in Southeast Asia. The broader retail network continued to expand, with 1,293 supermarkets, 276 shopping centers, and more than 8,274 traditional markets operating nationwide, reflecting a gradual but steady shift from traditional to modern retail formats.Vietnam logistics looks to ports and digitalization for breakthroughsIndustry observers are calling 2026 a golden opportunity for Vietnam's logistics sector, with port infrastructure and digital transformation as the key growth drivers. Centered on the Cai Mep–Thi Vai port cluster and Ho Chi Minh City, the sector is targeting throughput of 40–45 million TEUs by 2030. Major developments such as the Can Gio International Transshipment Port and integrated infrastructure connectivity are expected to build a modern logistics ecosystem capable of competing with Asia's leading hubs. Beyond infrastructure, the adoption of AI and smart port technologies is seen as essential to optimizing operations and cutting emissions. Vietnam's ports are increasingly evolving from simple cargo-handling facilities into value-added service centers, integrating maritime tourism and broader logistics services.6 COMMERCE - SERVICE7 LOGISTICSINDUSTRY UPDATESWEEKLY BULLETIN • 307 24Editor in chief: THACO Vice President Luu Van DatEditorial Director: THACO Communication Vice Director Huynh Huu LiemProduction: THACO Corporate CultureCommunication DepartmentDesign: THACO Marketing DepartmentTHACO WEEKLY BULLETINhttps://thacogroup.vnhttps://www.youtube.com/c/ThacoGrouphttps://www.linkedin.com/company/thacogrouphttps://www.facebook.com/thacogroup.truonghaiFor internal use only. Reproduction and distribution in any form is prohibited.Feedback box