From April 21 to 23, Man Shengang, Party Committee Secretary and Chairman of Shandong Heavy Industry Group, conducted market research in Hanoi and Ho Chi Minh City, Vietnam. During the trip, he met with strategic partners and major clients, attended key cooperation signing ceremonies, and worked to further optimize market strategy, build a comprehensive brand portfolio, and expand overseas growth, all contributing to the development of the China-Vietnam community with a shared future. Zhang Gengsheng, Group Party Committee Member and Deputy General Manager, participated in the research activities.
Shandong Heavy Industry Group: Riding the Momentum for Comprehensive Leap in Vietnamese Market
On the morning of the 21, Man Shengang first visited Weichai Vietnam to meet frontline employees and chair a special meeting on Shandong Heavy Industry Group's Vietnamese market strategy. He reviewed operations reports from subsidiaries including Weichai Group, Sinotruk, and Shantui.
Man Shengang emphasized that during the central conference on work related to neighboring countries held April 8-9, General Secretary Xi Jinping proposed "building a community with a shared future with neighboring countries." On April 14, during his state visit to Vietnam, General Secretary Xi Jinping called for carrying forward the traditional friendship of "profound Vietnam-China camaraderie as comrades and brothers," while advancing comprehensive strategic cooperation with high quality to ensure the steady and sustained development of the China-Vietnam community with a shared future. Vietnam serves as a strategic and high-potential "nearshore" market for Shandong Heavy Industry Group, playing a pivotal role in the Group's global expansion. In 2024, the Group's export revenue in Vietnam surged 79% year-on-year. It maintained strong momentum with a 36% growth in Q1 exports this year. Sinotruk's heavy-duty trucks and Weichai engines have established industry leadership in Vietnam, earning strong brand recognition.
Man Shengang emphasized that Shandong Heavy Industry Group must seize the momentum and demonstrate responsibility by increasing investment in Vietnam to capitalize on shared strategic opportunities. Expand market growth: Act swiftly to secure first-mover advantages while maintaining steady progress, accelerating the introduction of new businesses and products alongside core strengths. Accelerate local presence: Tailor products, manufacturing, and aftermarket services to Vietnamese market needs, creating unique competitive advantages where we offer what others lack, outperform where others compete, and specialize where others excel. Deepen partnerships: Focus on long-term vision, shared benefits, and major goals with a strategic mindset to foster mutual growth with partners. Strengthen talent strategy: Recruit locally while supporting expatriate staff, ensuring overseas teams remain bold, driven, and committed to achieving all targets.
Weichai Group: Empowering Vietnam's Infrastructure and Equipment Industry Development
On the afternoon of the 21, Man Shengang visited Weichai generator set customer Rox Group in Hanoi, attending the delivery ceremony of Weichai's WPG2250B7 high-power generator set and inspecting its operational performance on-site. Rox Group Vice President Bui Huy Khuong and Weichai channel partner Biway Company CEO Le Huy Giang attended the event and delivered speeches. As a leading enterprise in Vietnam's real estate development and urban service construction sectors, Rox Group will deploy these generator sets as backup power solutions for commercial-residential complexes. Weichai's high-power generator products are currently experiencing explosive growth, with large-scale deployments across Vietnam's high-end buildings, industrial parks, data centers and other sectors, providing robust support for the country's infrastructure development.
On the 23, Man Shengang visited strategic partner Truong Hai Group in Ho Chi Minh City to review their collaborative achievements and hold in-depth discussions with Chairman Tran Ba Duong. As one of Vietnam's automotive industry leaders, Truong Hai Group operates across multiple sectors including automobiles, agriculture, machinery, logistics and investments. Currently, Truong Hai Group's buses and light trucks widely utilize Weichai's powertrain systems including engines, transmissions, and axles. Man Shengang stated that Shandong Heavy Industry Group and Truong Hai Group have established a trustworthy, long-term strategic partnership. With enormous potential across Shandong Heavy Industry Group's business sectors in Vietnam, both parties aim to align their visions, expand collaboration areas, broaden cooperation scope, and elevate partnership levels for mutual success. Tran Ba Duong stated that Weichai's world-class full-range powertrain systems, coupled with its responsive application and service network, have significantly enhanced Truong Hai's competitive edge in Vietnam's bus and light truck markets. He affirmed plans to introduce more Shandong Heavy Industry Group products into the Vietnamese market moving forward.
Sinotruk: Pioneering Vietnam's Commercial Vehicle Value Chain
On the morning of the 22, Man Shengang visited Viet Machinery Company, Sinotruk's largest channel partner in Vietnam, for discussions with Chairman Nguyen Vu Trong and to witness the signing of a localized light truck cooperation project. Both parties agreed to expand their strategic collaboration from heavy trucks to light trucks, establishing a high-standard intelligent production base to capture Vietnam's light truck market opportunities. This initiative will support Vietnam's green, low-carbon development and solidify Sinotruk's leadership across the full range of commercial vehicles in the Vietnamese market.
On the afternoon of the 22, Man Shengang inspected a Vingroup construction site in Hanoi and attended an order delivery and new project signing ceremony between Sinotruk, Shantui, and their strategic partner Vingroup. Vingroup is Vietnam's largest private conglomerate specializing in civil and industrial construction services. Man Shengang emphasized that Shandong Heavy Industry Group will collaborate with partners to provide integrated transport and construction solutions for Vietnamese clients, combining cutting-edge product performance, quality, and efficient lifecycle services to create greater value and establish benchmark brand recognition. The event was attended by Nguyen Trung Kien, Vingroup's Chief Procurement Officer, and Vu Ngoc Hung, Chairman of Viet Star Company, Sinotruk's channel partner.
During his visit, Man Shengang also met with Wei Huaxiang, Chinese Consul General in Ho Chi Minh City. Senior representatives from Weichai Group, Sinotruk, and Shantui participated in the activities.