Truck importer aims for $5.7 million in profit

HCM CITY — Hoang Huy Group (HHS), which debuted on the HCM City Stock Exchange on Wednesday, has targeted earnings this year of VND850 billion (US$40.5 million) and a net profit of VND120 billion ($5.7 million). The company imports trucks from China and is a strategic partner of China's Dongfeng Group. It is also co-operating with Thailand's Pruka International to develop low-income housing in the northern city of Hai Phong. Hoang Huy, the 335th listed firm on the HCM City bourse, posted a profit last year of nearly VND105 billion ($5 million), good for earnings-per-share of about VND10,500.-VNS