Thaco buses at Chu Lai Port before handing over to the Philippines partner. — VNA/VNS Photo Tran Tinh

Truong Hai Auto Corporation (Thaco) held a ceremony in the central coastal province of Quang Nam on Saturday to hand 15 Vietnamese branded buses for export to the Philippines.

This is the first commercial bus shipment of Thaco after more than 16 years in the Vietnamese automotive industry.

The same day, the company also exported some automobile spare parts to South Korea and Japan.

Since 2004, the firm has been studying, manufacturing and assembling buses, and investing in the field to meet domestic and foreign market requirements.

To date, Thaco has provided more than 17,000 buses for the domestic market, 65 per cent of the market share.

Since 2017, Thaco and the Philippines’ Autodelta Company have conducted research and survey of the Philippine market to design and develop bus products according to customer requirements.

On May 16, 2019, Thaco completed two sample buses to export to the Philippines for a trial, which was a success.

The company has also signed a plan with its Philippine counterpart to ship 200 buses to the market next year. — VNS