THACO INDUSTRIES BUILDS DIVERSE AND SUSTAINABLE SUPPLIER NETWORK

To meet the multi-industry manufacturing needs of both Vietnamese and international partners, THACO INDUSTRIES partners with a global network of reputable suppliers across various product categories, including raw materials, components and spare parts, mechanical processing services, and machinery and equipment.

It follows a rigorous five-step process for supplier selection and management. This includes supplier surveys, preliminary, in-depth evaluation, continuous performance monitoring, and semi-annual reviews. Supplier selection is based on comprehensive criteria such as technical capabilities, quality management systems, production and logistics capacity, cost competitiveness, and proven collaboration reliability.

Through this structured approach, THACO INDUSTRIES maintains a stable and transparent supply chain that fully complies with international standards, including IATF 16949:2016 (Automotive Quality Management System), ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), CBAM (Carbon Border Adjustment Mechanism), BSCI (Business Social Compliance Initiative), and SCAN (Supplier Compliance Audit Network).

To foster long-term partnerships, THACO INDUSTRIES works closely with suppliers throughout the entire project lifecycle. This collaboration includes on-site assessments, technical support from the R&D stage, training programs, standardized guidelines and quality documentation, as well as continuous improvement initiatives in production.

Looking ahead, THACO INDUSTRIES remains committed to developing its supply chain in a professional, sustainable, flexible, and globally integrated manner. The corporation will strengthen the domestic supplier ecosystem in line with international standards, expand strategic partnerships, and accelerate digital supply chain management. These efforts aim to enhance supply chain resilience, self-reliance despite market fluctuations, meet diverse customer demands, and reinforce THACO INDUSTRIES’ competitiveness in the global marketplace.