The Truong Hai Auto company (Thaco) will deliver its first batch of domestically assembled cars to Laos next Sunday.—Photo truonghaiauto

DA NANG (Biz Hub)— The Truong Hai Auto company (Thaco) will deliver its first batch of domestically assembled cars to Laos next Sunday, the company confirmed on Wednesday.

Under an agreement signed between Japan's Mazda and Vina Mazda, a subsidiary of Thaco, in Hiroshima last week, the first 300 vehicles: Mazda 2, Mazda 3 and Mazda CX-5 cars, will be the first delivery.

The company expects to export 3,000 cars next year.This batch will prelude the automobile maker's plans to expand into the Cambodian and Myanmar markets in the near future.

Thaco plans to export 15,000 cars by 2020, and in partnership with French automaker Peugeot, will begin manufacturing the Peugeot 408 this year.

The largest automobile maker in Viet Nam has produced and already distributed vehicles for three car manufacturers including Kia from South Korea, Mazda from Japan and French giant Peugeot.