On March 15, 2025, Haxaco (HAX) held its annual general meeting to discuss business results and plans for the listing of its subsidiary PTM. Haxaco aims for a pre-tax profit of VND 260 billion for 2025 after recording revenue of VND 5,513 billion in 2024. The automobile market is expected to improve thanks to Decree 109/2024/NĐ-CP, but difficulties may arise in 2025.
Chairman Do Tien Dung announced that his salary will increase threefold from VND 30 million to VND 100 million per month to match the workload. Haxaco reduced its ownership stake in PTM from over 90% to 51.62% to comply with industry regulations. The listing of PTM is anticipated by the end of 2025.
Haxaco also began distributing MG cars in 2020 and has launched several new dealerships, aiming to dominate the electric vehicle market in Vietnam.
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