By 2025, ELCOM forecasts a revenue of 1.518 trillion VND, significantly up from last year’s 800 billion VND. The company has reported a post-tax profit of 128 billion VND, a 29.3% increase compared to 2024, marking four consecutive years of growth. ELCOM exceeded its revenue target by 30.84% and nearly 2% in profit. Notably, ELCOM currently holds 60% of the market share in Intelligent Traffic Systems (ITS) in Vietnam and is set to increase to 80% by 2025. Its ITS system has been implemented on 80% of the North-South expressway. ELCOM is also targeting AI camera development, viewing it as a smart sensor for the intelligent traffic and urban ecosystem, with projects already in major cities like Ho Chi Minh City and Hai Phong. The CCTV market in Vietnam is projected to reach nearly 2.5 billion USD by 2033. ELCOM aims for a 20% revenue growth and a 25-30% profit growth annually from 2025 to 2030, with a revenue target of 3.6 trillion VND by 2030.
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