AsemconnectVietnam - Hang Xanh Auto Service Joint Stock Company (Haxaco, stock code HAX) has just held the opening of MG Dong Nai showroom. This is the largest Premium standard MG in the Southeast region.

Dong Nai is the gateway to the Southeast economic region, the most developed and dynamic economic region in the country, and is also the region ranked 4th in terms of highest automobile consumption in the country (2023 data). Realizing those potentials, from June 2024, PTM Production, Trade and Services Joint Stock Company, a subsidiary of Haxaco Group, has completed and put into operation the dealer system in Dong Nai, marking an important new step forward in the auto industry in this region.
Located at 32 National Highway 51, An Hoa Ward, Bien Hoa City (Dong Nai), 3S Premium MG Dong Nai genuine dealer is invested and built on a total area of up to 2,300 m2. This is a 3S dealer that meets Premium standards in accordance with MG global standards.
Up to now, Haxaco Group has had MG distribution agents in many provinces and cities across the country including Ho Chi Minh City, Hanoi, Bac Giang, Bac Ninh, Can Tho, Dong Nai...
Mr. Do Tien Dung, Chairman of the Board of Directors (Haxaco Group, said that Haxaco has recorded positive results from expanding the MG automobile distribution system in many provinces and cities across the country. Estimated business results for the second quarter/ Haxaco Group's 2024 recorded a profit of about VND30 billion, of which up to 90% of the profit was contributed from distributing MG cars.
The presence of MG showrooms that meet global standards with good quality services and reasonable prices has been highly appreciated by customers in many provinces and cities, and the showrooms' revenue recorded positive growth. In the second half of 2024, Haxaco Group expects positive profit growth and is confident in completing the proposed business plan with two legs in the distribution of luxury cars and MG cars, both segments are accelerating during the next time.
Haxaco is leading the MG automobile distribution market share in Vietnam and is determined to gain about 40% market share. Haxaco Chairman said that besides selling new cars, the company also has a non-profit used car purchasing service. The salvage value is 85% of the value of the car purchased new. We provide free valuation and free quality inspection for all used cars.
At the opening event, there were many MG car models currently distributed in the Vietnamese market such as MG5, New MG5 MT, MG ZS, MG HS, MG RX5 and especially the appearance of All New MG4 – the first MG electric car model in Vietnam, with the message "Greening the future for tomorrow's generation".
N.Nga
Source: VITIC/Tinnhanhchungkhoan