From April 21st to 23rd, Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, conducted an investigation into the local market development in Hanoi and Ho Chi Minh City, Vietnam. He paid visits to strategic partners and major customers, and attended important cooperation signing activities, further optimizing the market layout, building a brand matrix, expanding overseas growth, and actively contributing to the construction of the China-Vietnam Community with a Shared Future. Zhang Gengsheng, a member of the Group's Party Committee and Deputy General Manager, participated in the investigation.

Shandong Heavy Industry: Seize the Momentum to Promote a Comprehensive Leap in the Vietnamese Market

On the morning of April 21st, Man Shengang first visited Weichai Vietnam Company, extended regards and condolences to the front-line employees, and presided over a special meeting on Shandong Heavy Industry's Vietnamese market. He listened to the reports on the business development of affiliated enterprises such as Weichai Group, Sinotruk, and Shantui Co., Ltd. in the Vietnamese market.

Man Shengang emphasized that at the Central Conference on Neighboring Countries' Affairs held from April 8th to 9th, General Secretary Xi Jinping proposed to "build a community with a shared future in neighboring regions". On April 14th, during General Secretary Xi Jinping's state visit to Vietnam, he proposed to continue the traditional friendship of "deep Vietnam-China friendship, comrades and brothers", and to promote comprehensive strategic cooperation at a high level to ensure the steady and far-reaching development of the construction of the China-Vietnam Community with a Shared Future. Vietnam is a strategic and potential market at the "doorstep" of Shandong Heavy Industry, which is crucial for the group's international development. In 2024, the export revenue of Shandong Heavy Industry's Vietnamese market increased by 79% year-on-year. In the first quarter of this year, it continued to maintain rapid growth, with the export revenue increasing by 36% year-on-year. Sinotruk heavy trucks and Weichai engines are both in a leading position in the Vietnamese market and have won a good brand reputation.

Man Shengang required that Shandong Heavy Industry should seize the momentum, demonstrate its responsibility, strengthen investment in the Vietnamese market, and share strategic development opportunities. It is necessary to vigorously expand market growth. We should not only seize the opportunity and make breakthroughs at selected points but also take steady steps and consolidate our position. On the basis of strengthening and expanding advantageous businesses, we should accelerate the introduction of new businesses and products. We should comprehensively speed up the local layout, promote products, manufacturing, and the after-sales market to better meet the needs of the Vietnamese market, and create differentiated competitive advantages that are unique, excellent, and special. We should continue to deepen strategic cooperation, focus on the big picture, focus on major interests, keep an eye on major goals, and have a broad vision, and grow together with partners and achieve a win-win future. We should optimize the allocation of human resources, vigorously recruit local talents, care about and love employees stationed abroad, and encourage overseas employees to always maintain the spirit of daring to think, act, and venture, and resolutely complete all goals and tasks.

Weichai Group: Empowering the Development of Vietnam's Infrastructure and Equipment Industry

On the afternoon of April 21st, Man Shengang visited the Weichai generator set customer, Rox Group, in Hanoi, and attended the delivery ceremony of the Weichai WPG2250B7 high-power generator set, and learned about the operation of the generator set on-site. Pei Huikui, Vice President of Rox Group, and Li Huijiang, CEO of Biwei Company, a Weichai channel partner, attended the event and delivered speeches. Rox Group is a well-known enterprise in Vietnam's real estate development and urban service construction industry. This cooperation project is a backup power source for a commercial and residential complex. At present, Weichai's high-power power generation products have witnessed explosive growth and have entered the fields of high-end buildings, industrial parks, data centers, etc. in batches in the Vietnamese market, providing a strong guarantee for Vietnam's infrastructure construction.

On April 23rd, Man Shengang visited the strategic partner, Thang Hai Group, in Ho Chi Minh City, inspected the achievements of the strategic cooperation between the two sides, and had in-depth discussions and exchanges with Tran Bach Duong, Chairman of Thang Hai Group. Thang Hai Group is one of the leaders in Vietnam's automotive industry, with business covering automotive, agriculture, machinery, logistics, investment, and other business segments. At present, Thang Hai Group's buses and light trucks are widely equipped with Weichai's powertrain products such as engines, transmissions, and axles. Man Shengang said that Shandong Heavy Industry and Thang Hai Group have established a reliable and long-term strategic partnership. Each industry of Shandong Heavy Industry has great potential to enter the Vietnamese market. It is hoped that the two sides will work together with the same heart and achieve a win-win future, continuously expand the cooperation areas, broaden the cooperation space, and improve the cooperation level. Tran Bach Duong said that with its world-class full-series powertrain system and rapid response application and service system, Weichai has effectively promoted Thang Hai's buses and light trucks to establish a leading competitive advantage in Vietnam. In the future, more products of Shandong Heavy Industry will be promoted to enter the Vietnamese market.

Sinotruk: A Value Leader in Vietnam's Commercial Vehicle Industry

On the morning of April 22nd, Man Shengang inspected Viet Nam Machinery Corporation (VMC), Sinotruk's largest channel partner in Vietnam, in Hanoi, and had a discussion and exchange with Nguyen Vu Chieu, Chairman of VMC. They jointly witnessed the signing of the localized cooperation project of light trucks between Sinotruk and VMC. Both sides stated that on the basis of good cooperation in heavy trucks, they will further expand the strategic cooperation in light trucks, build an intelligent production base for light trucks with high standards, seize the opportunities in Vietnam's light truck market, assist Vietnam's green and low-carbon development, and jointly promote Sinotruk to establish a leading position in the full range of commercial vehicles in the Vietnamese market.

On the afternoon of April 22nd, Man Shengang inspected the construction site of the Winaco Group project in Hanoi and attended the order delivery and new project signing activities between Sinotruk, Shantui Co., Ltd., and Winaco Group, a major strategic customer. Winaco Group is the largest private integrated enterprise group in Vietnam, providing design, construction, and other services for civil and industrial buildings. Man Shengang said that Shandong Heavy Industry will join hands with its partners to provide Vietnamese customers with integrated transportation and construction solutions with leading product performance and quality and efficient full-life cycle services, create greater value together, and build a benchmark brand image. Nguyen Trung Kien, General Manager of Procurement of Winaco Group, and Vu Ngoc Hung, Chairman of Vietstar Company, a Sinotruk channel partner, attended the event.

During this period, Man Shengang also visited Wei Huaxiang, Consul General of the Chinese Consulate General in Ho Chi Minh City. Relevant responsible comrades of affiliated enterprises such as Weichai Group, Sinotruk, and Shantui Co., Ltd. participated in the activities.(This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian