Chinese Truck Company Reports Surprising Profit of Over 400 Billion, Surpassing Mercedes’ Two Giants, Stock Hits Limit Up for 4 Sessions

Viet Nam Machinery Development Investment Joint Stock Company (VIMID) reported Q4 2025 revenue of 2.606 trillion VND, rising 115% from Q4 2024. Pre-tax profit in this quarter reached 195 billion VND, up 20 times compared to last year. The total revenue for 2025 was 8.050 trillion VND, with pre-tax profit of 408 billion VND, boosting 362%. This success stems from favorable macroeconomic conditions and growth in the logistics sector. In contrast, Haxaco (Mercedes distributor) reported a pre-tax profit of 56 billion VND, and GMA achieved 24 billion VND. VVS shares saw a limit-up for 4 consecutive sessions, reaching 81,700 VND/share, up 45% since mid-January 2026. Founded in 2010, VIMID specializes in importing heavy trucks from Sinotruk, with management holding most of the shares.