Construction of the US$6.75-million factory, the first of its kind in Vietnam, began on November 1, 2015 on a 24,000-sq.m. site.
With a designed capacity of 5,000 products per year, the factory is equipped with state-of-the-art equipment and technology.
It is projected to churn out 3,000 vehicles in 2016. Of these, 1,200 are trailers.
Nguyen Mot, THACO’s Communications Director, said the factory aims to meet the domestic market’s increasing demand for transportation and help ease the country’s dependence on imports while looking toward exports.
