Shandong Heavy Industry Group and Vietnam’s Troung Hai Group Sign Strategic Cooperation Framework Agreement

On the afternoon of October 19, Shandong Heavy Industry Group and Vietnam’s Troung Hai Group signed a strategic cooperation framework agreement in Hong Kong. Tan Xuguang, chairman and general manager of Shandong Heavy Industry Group, and Tran Ba Doung, chairman of Troung Hai Group attended the event and witnessed the signing.

Tan Xuguang said that the Vietnamese market is a very important strategic market for Shandong Heavy Industry Group in Southeast Asia in the next 5-10 years. We have worked hard in the field of commercial vehicles for decades and are willing to share our unique understanding of more than 30 market segments with Truong Hai Group. Under the guidance of the "Belt and Road" strategic mutual benefit and win-win thought, we would support Truong Hai Group to achieve strategic transformation and upgrading, and promote the high-quality development of Vietnam's automotive industry.

Tran Ba Doung said that he admires Mr. Tan Xuguang's strategic vision. It is hoped that Shandong Heavy Industry Group will further exert its absolute leading advantage in powertrain products, promote cooperation between the two sides in a full range of commercial vehicles and expand new areas, and work together to create more first-class products suitable for the Vietnamese market.

Wang Zhijian, vice general manager of Shandong Heavy Industry Group, and Nguyen Quang Bao, general manager of Truong Hai Automobiles, signed a strategic cooperation framework agreement on behalf of both sides.