HA NOI (Biz Hub) — The Hoang Huy Investment Financial Services Joint Stock Company (HHF) has set a target more than VND2.1 trillion (more than US$93.3 million) in 2016 through trading in trucks from the United States.

The plan was announced during a seminar held on Wednesday in Ha Noi to review business performance this year and plan in 2016 by HHF and the US-based International Truck and Engine Corporation, Navistar Inc.

The Hoang Huy Company was appointed the authorised distributor for the Navistar Inc from May 2015. It has officially distributed US trucks from September 2015 through HHS Company, which specialises in distributing middle-range and heavy duty trucks. HHS Company's sales agents have reached 70 clients nationwide.

In the past 10 months, HHF earned a revenue of VND458 billion ($20.4 million) bringing an after-tax profit of VND66.6 billion ($2.96 million).

Navistar manufactures and markets medium and heavy trucks, as well as mid-range diesel engines.

Hoang Huy, which is engaged in the import and distribution of trucks, will provide a full range of products, spare parts, warranties and repair services for the US tractor unit's products in Viet Nam. The company will also supply after-sale services and consultation for the assembly of DPF sensors used in diesel car exhaust systems.— VNS