Local auto maker posts record revenue of over 3 billion USD
Truong Hai Auto Corporation (Thaco) posted a record revenue of 65.8 trillion VND (3 billion USD) in 2016, a growth of 44 percent against the previous year.
Hanoi (VNA) – Truong Hai Auto Corporation (Thaco) posted a recordrevenue of 65.8 trillion VND (3 billion USD) in 2016, a growth of 44 percent againstthe previous year.
Vietnam’s leading auto manufacturer on April 13 revealed its business resultsin 2016 and development orientations for this year.
Thanks to its efforts to raise locally made contents and the Government’ssupport, the company enjoyed a post-tax profit reached nearly 7.9 trillion VND(348 million USD).
It also contributed 18 trillion VND (793 million USD) to the State budget, anincrease of 4.2 trillion VND over 2015.
Last year, Thaco sold 110,548 vehicles, up 37 percent against 2015, accounting for41.5 percent of the Vietnam Automobile Manufacturers’ Association (VAMA)members’ sales.
Consting of Thaco KIA, Thaco Bus, Thaco Truck, VinaMazda and Peugeot, thecompany is now leading the market with 32 percent of the share.-VNA
Truong Hai Automobile Company (Thaco) rolled out the locally assembled Kia Sedona minivan at Chu Lai-Truong Hai Complex in the central coastal province of Quang Nam on October 29.
Despite Government efforts, domestic auto production has not yet satisfied demand. Pham Anh Tuan, Deputy Director of the Department of Heavy Industry, talks about domestic automaking prospects.
Total automobile sales in February fell 13 percent from a month earlier to 17,621 units, according to Vietnam Automobile Manufacturers’ Assocation (VAMA).
Truong Hai Auto Corporation (Thaco) will pour nearly 3 billion USD into the Chu Lai Open Economic Zone in the central province of Quang Nam in the 2017-2021 period, lifting its total investment in the zone to 6 billion USD.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA) 
