Local auto maker posts record revenue of over US$3 billion
Truong Hai Auto Corporation (Thaco) posted a record revenue of VND65.8 trillion (US$3 billion) in 2016, a growth of 44% against the previous year.
Vietnam’s leading auto manufacturer on April 13 revealed its business results in 2016 and development orientations for this year.
Thanks to its efforts to raise locally made contents and the Government’s support, the company enjoyed a post-tax profit reached nearly VND7.9 trillion (US$348 million).
Thanks to its efforts to raise locally made contents and the Government’s support, the company enjoyed a post-tax profit reached nearly VND7.9 trillion (US$348 million).
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It also contributed VND18 trillion (US$793 million) to the State budget, an increase of VND4.2 trillion over 2015.
Last year, Thaco sold 110,548 vehicles, up 37% against 2015, accounting for 41.5% of the Vietnam Automobile Manufacturers’ Association (VAMA) members’ sales.
Consting of Thaco KIA, Thaco Bus, Thaco Truck, VinaMazda and Peugeot, the company is now leading the market with 32% of the share.
