Truong Hai strives to become one of Vietnam’s top 50 strong groups

(ĐN)- Truong Hai Auto Company targets to become one of Vietnam’s top 50 strong groups in 2010. Accordingly, Truong Hai Auto Company put into operation its automobile assembly and production company worth VND320 billion at the beginning of 2008.

(ĐN)- Truong Hai Auto Company targets to become one of Vietnam’s top 50 strong groups in 2010. Accordingly, Truong Hai Auto Company put into operation its automobile assembly and production company worth VND320 billion at the beginning of 2008. The company also established An Thanh Phat factory in Bien Hoa industrial park to assemble Thaco Huyndai buses, lightweight KIA trucks and others. Presently, Truong Hai is the leading automobile assembler and manufacturer in Vietnam.

In 2007, Truong Hai reached VND2,700 billion in revenue and over VND244.8 billion in after tax profit. The company also raised its chartered capital to VND680 billion from VND450 billion. The company has five strategic shareholders: Sacombank, the Blackhorse Enhanced Vietnam, Sacombank Securities Company, Prudential VN, and SacomInvest. Truong Hai is expected to reach over VND518 billion in after tax profit from turnover of more than VND6,980 billion this year. The company targets to contribute VND35.5 billion to state budget and pay dividends of 45 percent.    

Reported by K.Loan