IVECO and Truong Hai Auto Corporation, THACO announce a strategical partnership on expending their operation in Vietnam appointing THACO as sole distributor and assembler of light commercial vehicle in minibus segment.

In recent years, minibus demand in Vietnam continuously increasing and Vietnam is one of the important market for IVECO to increase its regional presence in Southeast Asia. THACO, one of the major player in automotive sector in Vietnam, to be long term strategical partner for distribution and assembling IVECO minibus for domestic market.

IVECO has been managing its operation in Southeast Asia, having a regional headquarter in Bangkok, Thailand over decades providing high quality, durability and multi purposes products in the for wide range of application in the region. Thanks to well recognized and multi-awarded IVECO Daily, it is now time to entry to the Vietnamese market together with THACO’s full support and collaboration in assembly and distribution for the market penetration.

We are pleased and honored to cooperate with THACO as one of our strategical partner in the region. THACO has very reputable company engaging with assembly, distribution and retail both for commercial and passenger car in the market. We hope this collaboration bring many benefits for both side in terms of resourcing to develop technologies, enhancing domestic standards, supporting domestic market needs coming along with high standard service and expertise in manufacturing brought by THACO, said Koray Kursunoglu, brand leader of IVECO AMEA (Asia, Middle East and Africa).

Following this statement, parties soon to announce start of sales and introduce the product portfolio dedicated for Vietnamese market.