Mercedes's largest dealer hits full-year profit target

Consolidated revenues were up 50 percent year-on-year at VND5.17 trillion. In the third quarter they rose 2.7 times to VND2 trillion ($83.1 million).

Haxaco’s short-term debts increased by more than 60% to VND563 billion, while long-term debts, mainly in the form of convertible bonds, were around VND180 billion.

Vietnam has three authorized Mercedes-Benz dealers, Andu and Vietnam Star being the others, and Haxaco has the largest market share.

It has five sales agents in Ho Chi Minh City, Hanoi and Can Tho.