The visit, led by National Assembly Vice Chairman, Senior Lieutenant General Tran Quang Phuong took place on January 24 at THACO Chu Lai Industrial Park in Quang Nam Province to gather insights for revising the Law on Defense Industry and Promotion in Industrial Activities. Accompanied by Mr. Ho Quang Buu, Vice Chairman of Quang Nam Provincial People's Committee, the delegation was warmly received by THACO President Pham Van Tai.

The meeting began with a comprehensive overview of THACO's journey. From its humble beginnings to its current standing as a leading industrial corporation, the delegation was captivated by the company's 20-year story in Chu Lai Quang Nam Open Economic Zone.

Following the insightful introduction, the delegation embarked on a tour around the automobile and mechanical plants and Chu Lai port.

Deeply impressed, the delegation lauded THACO's immense scale, diversified strategy, and unwavering commitment to Vietnam's progress. They commended its substantial contributions to the national treasury, its dedication to uplifting local communities, and its nationwide network of social programs. Moreover, THACO's role in bolstering Central Vietnam's security and defense also earned well-deserved praise.

Since June 2023, a partnership has been established between the Vietnam Defense Industry and THACO, driving progress in crucial areas like component and spare parts production. Major General Pham Thanh Khiet, its Deputy Director, looks forward to THACO's continued active support in the future. He envisions THACO lending its expertise and resources to other defense industry enterprises, especially hoping for ongoing collaboration in researching and producing basic vehicles specifically designed for military service.

Speaking at the meeting, THACO President Pham Van Tai stood firmly behind the vision of a robust collaborative defense industry which would be the bedrock of Vietnam's self-reliance and security. He emphasized the importance of careful preparation, ensuring that the political, legal grounds and reality are carefully considered before enacting any new policies, like the Law on Defense Industry and Promotion in Industry Activities. He believes once approved, this law can be the catalyst for a thriving and self-sufficient defense sector, one that not only protects the nation but also fuels economic growth. THACO President proposed grouping the businesses based on their level of technology innovation and involvement in defense industries, and building tailored policies to empower each group. Upholding the value-based philosophy, he affirmed that for THACO, participating and contributing to national defense and serving to protect the country is an important task.

According to the National Assembly Vice Chairman, Senior Lieutenant General Tran Quang Phuong, the law has been capturing intense focus from National Assembly and people nationwide, especially in a world fraught with complexities. He recognized THACO's production lines have immense potential in forging the defense industry production by applying the dual-use mechanism. As the Vice Chairman pointed out, such "dual-use mechanism" is a global trend to blend economic development with national security. He then urged the National Defense and Security Committee to join forces with the Law Drafting Committee to study THACO's production prowess, crafting a plan for integrating the company's capabilities into Vietnam's defense industry, especially in automobile and mechanics.