THACO-KIA MOTORS CO., LTD

THACO-KIA MOTORS CO., LTD (CÔNG TY TNHH SẢN XUẤT VÀ LẮP RÁP Ô TÔ DU LỊCH TRƯỜNG HẢI - KIA) is a leading automotive manufacturer and assembler in Vietnam, specializing in KIA-branded vehicles. Established on July 6, 2007, the company operates as a one-member limited liability company and is fully owned by THACO AUTO LIMITED LIABILITY COMPANY. Registered under Business ID 4000466817, THACO-KIA MOTORS CO., LTD is headquartered at Hamlet 4, Tam Hiep Commune, Nui Thanh District, Quang Nam Province, Vietnam. With a workforce of 900 employees, the company is a key player in Vietnam’s automotive industry.

In 2023, THACO-KIA MOTORS CO., LTD reported total assets of USD 485.88 million, a slight 0.55% decline from the previous year. Total sales reached USD 419.21 million, reflecting a 41.1% decrease, while net profit fell drastically to USD 91,372, marking a 99.66% drop. Despite these financial challenges, the company maintains a stable equity of USD 20.54 million, demonstrating resilience in a competitive market.

The leadership of THACO-KIA MOTORS CO., LTD is overseen by Nguyen, the Chairman, and Nguyen, the Director. Their strategic direction has enabled the company to maintain its presence in the market despite fluctuating financial results.

The core business of THACO-KIA MOTORS CO., LTD revolves around manufacturing and assembling KIA vehicles. Additionally, the company is involved in machining, metal treatment and coating, wholesale and retail of motor vehicles, vehicle maintenance and repair, and manufacturing of parts and accessories. The company also engages in specialized design and trading of own or rented property and land use rights.

Despite the financial downturn in 2023, THACO-KIA MOTORS CO., LTD remains a significant player in Vietnam’s automotive industry, contributing to the country’s growing vehicle manufacturing sector. The company’s strong production capacity and long-standing partnership with KIA position it for potential recovery and future expansion.

VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence, financial analysis, and risk assessment, recognizes THACO-KIA MOTORS CO., LTD as a key manufacturer in Vietnam’s automobile industry. With a solid infrastructure and continued market presence, the company is poised to overcome financial setbacks and maintain its influence in the automotive sector.