In the upcoming time, Vietnam’s Automobile Industry will be greatly affected by the change in policy, especially the tariff schedule. However, the industry’s growth prospects remain good due to rising demand as income and living standards of the popu
In the upcoming time, Vietnam’s Automobile Industry will be greatly affected by the change in policy, especially the tariff schedule. However, the industry’s growth prospects remain good due to rising demand as income and living standards of the population increase as well as increasing expansion of commercial transport activities. Tax policies supporting domestically assembled cars and imported cars from the ASEAN region have made the playing field more equitable for domestic assemblers and importers.
Vietnam’s Automobile Industry Report by VietnamCredit will focus on analysing market fluctuations as a result of policies, while providing a comprehensive view of production, assembly and consumption. The industry is still young but promising potential growth. Below here are top 9 leading automobile companies in Vietnam in 2017 based on the report by VietnamCredit:
TRUONG HAI AUTO CORPORATION
TRUONG HAI AUTO CORPORATION was established in 1997 in Dong Nai Province as Limited Liability Company. Then, it has been changed into Joint Stock Company since 2007. Legally, it is running under the business code No. 3600252847, granted by Dong Nai Department of Planning and Investment. During of operation, it has many times of increasing capital. Its charter capital is now VND 4,145 billion. It registers address at No.19, Bien Hoa II Industrial Zone, Road 2A, An Binh Ward, Bien Hoa City, Dong Nai Province, Vietnam.
Total Revenue in 2017: 49,648 Billion VND
Total Profit Before Tax in 2017: 5,465 Billion VND
TOYOTA MOTOR VIETNAM CO., LTD
TOYOTA MOTOR VIETNAM CO.,LTD is a Joint Venture Company that was established in 1995 in Vinh Phuc Province. Currently, it is operating under business registration No. 2500150335 granted by Department of Planning and Investment in Vinh Phuc Province. It has chartered capital of VND 746,485,740,000. There are three shareholders including: TOYOTA MOTOR CORPORATION (Japan), VIETNAM ENGINE AND AGRICULTURAL MACHINERY CORPORATION (Vietnam) and KOU (ASIA) PTE. LTD (Singapore) with capital contribution ratio of 70%:20%:10%.
Total Revenue in 2017: 29,300 Billion VND
Total Profit Before Tax in 2017: 3,919 Billion VND
FORD VIETNAM LIMITED
FORD VIETNAM LIMITED was licensed to operate as a foreign invested company in Vietnam in 1995. It is invested directly by Ford Motor Company (USA) and SongCong Diesel Limited Company (Vietnam) with the duration of 40 years. At present, its investment and chartered capitals are remained stable at USD 102.7 million and USD 72 million, respectively.
Total Profit Before Tax in 2017: 650 Billion VND
HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY
HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY is a member company of THANH CONG GROUP – a large group in automobile assembling industry in Vietnam. It was established in 2013 following the business registration No. 2700668614 (same as its tax code), granted by Department of Planning and Investment of Ninh Binh province. At present, it registers VND 160 billion in the chartered capital, of which THANH CONG GROUP JOINT STOCK COMPANY holds 37.5%. Registered head office and factory are located at Gian Khau Industrial Zone, Gia Tran Commune, Gia Vien District, Ninh Binh Province, Vietnam.
Total Revenue in 2017: 14,615 Billion VND
Total Profit Before Tax in 2017: 343 Billion VND
TMT MOTOR JOINT STOCK COMPANY
Started in 1976 as a State owned company, TMT MOTOR JOINT STOCK COMPANY has been equitized since 2006 according to Decision No. 870/QD-BGTVT. In early year 2010, company's stocks were listed on Ho Chi Minh Stock Exchange (HOSE) with symbol as "TMT". At present, the firm is operating under the business registration No. 0100104563 (same as the tax code) with chartered capital of VND 308,391,170,000 - boosted from VND 284,502,360,000 previously. Besides headquarters in Hanoi, it has one factory zone in total area of 6 ha in Hung Yen Province, which is specialized in producing kinds of trucks…
Total Revenue in 2017: 2,336 Billion VND
Total Profit Before Tax in 2017: 15 Billion VND
HOANG HUY INVESTMENT SERVICES JSC
Established since Aug 2008, according to business registration No. 0203004289, HOANG HUY INVESTMENT SERVICES JSC is a joint stock company with three shareholders. In Mar 2011, the business registration certificate of the subject has changed the 5th which is No. 0200815578 like the tax code. Currently it has 5 main shareholders; in which, 4 shareholders have family relationship that is Mr. Do Huu Ha – chairman, Ms. Nguyen Thi Ha – his wife, and both son: Mr. Nguyen Huu Hau, Mr. Nguyen Huu Hung. At the same time, the registered capital of it was increased from VND 90 billion to VND 100 billion.
Total Revenue in 2017: 1.235 Billion VND
Total Profit Before Tax in 2017: 131 Billion VND
HANG XANH MOTORS SERVICE JOINT STOCK COMPANY
Formerly, HANG XANH MOTORS SERVICE JOINT STOCK COMPANY is showroom and workshop with name SAMCO 3. On 17 May 2000, it was officially established as joint stock company under business registration No. 4103000071. During operation, it adjusted its license 17 times, the latest time was on 13 May 2013. Now, it is operating under business registration No.0302000126 with chartered capital VND 111,161,690,000. In June 2000, Haxaco became agent of Mercedes- Benz Vietnam Joint Venture Company and Hoa Binh Car Manufacturing Venture Business (VMC).
Total Revenue in 2017: 3,833 Billion VND
Total Profit Before Tax in 2017: 110 Billion VND
SAIGON GENERAL SERVICE CORPORATION
SAIGON GENERAL SERVICE CORPORATION was formerly a nationalized company named District One Services Company, established in 1982. It is incorporated as a joint-stock company under Decision No 3448/QD-UB issued by Ho Chi Minh City People Committee on July 09th 2004 and amended by Decision No 3449/QD-UB on the same day. The Company officially started as a joint-stock company on 4 January 2005. After 36 years since establishment and with more than 14 years of operation under a joint-stock business, Savico succeeded in building a strategy to become a company specializing in development of 03 areas: Service – Trading, Real Estate and Financial Service.
Total Revenue in 2017: 13,795 Billion VND
Total Profit Before Tax in 2017: 174 Billion VND
TRUONG LONG ENGINEERING AND AUTO JOINT STOCK COMPANY
Precursor of company was CONG TY TNHH TM-DV TRUONG LONG which was established in 1998. At that time, its main products were cranes with brands “Tadano” and “Soosan”. In 2001, it officially became the 3S agent of HINO MOTORS VIETNAM and expanded the business market to truck products. Currently, it is operating under name of TRUONG LONG ENGINEERING AND AUTO JOINT STOCK COMPANY with Business Registration No. 0301384695. Its chartered capital is VND 120 billion. Ms. NGUYEN THI KIEU DIEM is its Chairwoman cum Director cum Legal Representative.
Total Revenue in 2017: 806 Billion VND
Total Profit Before Tax in 2017: 35 Billion VND