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From April 21 to 23, Shandong Heavy Industry Group's Party Secretary and Chairman Man Shengang went to Hanoi and Ho Chi Minh City in Vietnam to investigate the local market development situation, visit strategic partners and major customers, and attend important cooperation signing activities to further optimize the market layout, build brand matrix, expand overseas incremental volume, and actively contribute to the construction of China-Vietnam community of destiny. Mr. Zhang Changsheng, member of the Party committee and deputy general manager of the Group, participated in the research.

Shandong Heavy Industry: take advantage of the momentum to promote the Vietnam market comprehensive leap 

21 morning, Man Shengang first came to Weichai Vietnam, visited the front-line staff, hosted a special meeting of Shandong Heavy Industry Vietnam market, listen to Weichai Group, China National Heavy Duty Truck, Shantui shares and other rights of the enterprises in the Vietnamese market business reports.

Man Shengang emphasized that at the Central Peripheral Work Conference held on April 8-9, General Secretary Xi Jinping put forward the idea of “building a community of destiny in the periphery”, and that during his state visit to Vietnam on April 14, General Secretary Xi Jinping put forward the idea of continuing the traditional friendship of “Vietnam and China have deep love and friendship, comrades and brothers”, and that the traditional friendship of “Vietnam and China have deep love, comrades and brothers” should be continued. During his state visit to Vietnam on April 14, General Secretary Xi Jinping proposed to continue the traditional friendship of “deep friendship between Vietnam and China, comrades and brothers”, promote comprehensive strategic cooperation with high quality, and ensure that the construction of the community of destiny between China and Vietnam will go steady and far. Vietnam is a strategic market and potential market at the doorstep of Shandong Heavy Industry, which is crucial to the Group's internationalization development. 2024, Shandong Heavy Industry's export revenue in Vietnam increased by 79% year-on-year. In the first quarter of this year, Shandong Heavy Industries continued to maintain high growth, realizing a 36% year-on-year increase in export revenue. China National Heavy Duty Truck Corporation (CNHTC) and Weichai Engine are leaders in the Vietnamese market and have won good brand reputation.

Mr. Man Shengang requested that Shandong Heavy Industry should take advantage of the trend, show its commitment, strengthen the investment in Vietnam market and share the strategic development opportunities. To vigorously expand the incremental market, not only to seize the first opportunity, select the point of breakthrough, but also steady and steady, step by step, on the basis of strengthening and expanding the advantages of the business, to speed up the introduction of new business, new products. To speed up the local layout in a comprehensive manner, promote products, manufacturing, after-market, etc. to better adapt to the market demand in Vietnam, to create a differentiated competitive advantage that no one has, no one has, no one has, no one has, no one has, no one has. We should continue to deepen strategic cooperation, aim at the big direction, focus on the big interests, keep an eye on the big goals, and adopt a big pattern, so as to grow and win the future together with our partners. We should optimize the allocation of human resources, vigorously recruit local talents, care for the staff abroad, promote the overseas staff to keep the spirit of daring to think and work, and resolutely complete all the goals and tasks.

Weichai Group: empowering the development of Vietnam's infrastructure and equipment industry 

On the afternoon of 21st, Man Shengang visited Weichai's genset customer, Roxas Group, in Hanoi, to attend the delivery ceremony of Weichai's WPG2250B7 high-power genset, and to learn about the operation of the genset on site. Bui Huy Qui, Vice President of Roxas Group, and Le Huy Giang, CEO of Weichai's channel partner Biwei, attended the event and delivered speeches. Roxas Group is a well-known enterprise in Vietnam's real estate development and urban service construction industry, and this cooperation project is a backup power supply for commercial and residential complexes. At present, Weichai's high-power power generation products have seen explosive growth, and have entered the Vietnamese market in bulk in high-end buildings, industrial parks, data centers and other fields, providing strong protection for Vietnam's infrastructure construction.

  On the 23rd, Mr. Man Shengang visited strategic partner Truong Hai Group in Ho Chi Minh City to inspect the results of the strategic cooperation between the two sides, and held in-depth discussions and exchanges with Chairman of Truong Hai Group, Mr. Tran Bo Duong. Truong Hai Group is one of the leaders in Vietnam's automobile industry, with business covering automobile, agriculture, machinery, logistics, investment and other business sectors. At present, Truong Hai Group's buses and light trucks are widely supported by Weichai engines, transmissions, axles and other power system products. Mr. Man Shenggang said that Shandong Heavy Industry and Changhai Group have established a trustworthy, long-term and reliable strategic partnership. Shandong Heavy Industries has great potential to enter the Vietnamese market in various industries. We hope that the two sides will work together to win the future, and continue to expand the field of cooperation, expand the space of cooperation, and improve the level of cooperation. Mr. Chen Boyang said that Weichai's world-class full-series power system, rapid response application and service system have strongly promoted Changhai buses and light trucks to establish a leading competitive advantage in Vietnam, and will promote more Shandong Heavy Industry products to enter the Vietnamese market in the future.

China National Heavy Duty Truck (CNHTC): Value Leader in Vietnam's Commercial Vehicle Industry 

On the morning of 22nd, Manshengang inspected China National Heavy Duty Truck (CNHTC)'s largest channel partner in Vietnam, Vietnam Machinery Company (VMC), had a discussion and exchange with Chairman of VMC, Nguyen Universe, and witnessed the signing of the cooperation project on localization of CNHTC and VMC's light trucks together. Both sides said that on the basis of good cooperation in heavy trucks, they will further expand the strategic cooperation in light trucks, build intelligent production bases for light trucks with high standards, seize the opportunities in Vietnam's light truck market, help Vietnam's green and low-carbon development, and jointly promote the establishment of a full range of commercial vehicle leadership of CSCA in the Vietnamese market.

In the afternoon of the 22nd, Mr. Man Shengang visited the project construction site of Wenner Group in Hanoi, and attended the order delivery and new project signing activities between China National Heavy Duty Truck Corporation (CNHTC), Shantui and Wenner Group, a strategic customer. Wenner Group is the largest private integrated enterprise group in Vietnam, providing design and construction services for civil and industrial buildings. Man Shenggang said that Shandong Heavy Industry will work together with its partners to provide integrated transportation and construction solutions for Vietnamese customers with leading product performance and quality and efficient whole life cycle services, so as to jointly create greater value and build a brand benchmark image. Nguyen Zhongjian, General Manager of Purchasing of Wenner Group, and Vu Ngoc Hung, Chairman of Yuexing Company, a channel partner of China National Heavy Duty Truck Corporation (CNHTC), attended the event.