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 A product of Thaco. Photo: thanhnien.vn
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 VND 7.9 trillion (USD 348 million).

It also contributed VND 18 trillion (USD 793 million) to the State budget, an increase of VND 4.2 trillion over 2015.

Last year, Thaco sold 110,548 vehicles, up 37 percent against 2015, accounting for 41.5 percent of the Vietnam Automobile Manufacturers’ Association (VAMA) members’ sales.

Consisting of Thaco KIA, Thaco Bus, Thaco Truck, VinaMazda and Peugeot, the company is now leading the market with 32 percent of the share.

Source: VNA