Mai Linh Group targets 3.68tr dong revenue in 2008

Wednesday, May 21, 2008
Mai Linh Group (MLG)'s shareholders' meeting held on May 19 passed this year's business plan with 3.68 trillion dong in revenue, of which the Mai Linh Group Joint Stock Co's revenue could be 1.118 trillion dong and 176 billion dong in profit within this year.

This year, the company also plans to list shares in Ho Chi Minh Stock Exchange (STC) in August and increase its fleet to 8,300 cabs and coaches.

Last year, the whole Mai Linh Group made a revenue of 2.403 trillion dong, rising 100.08% against 2006. Of which, Mai Linh Group Joint Stock Co contributed 699 billion dong, increasing 85.22% from 2006.

So far, Mai Linh Group has launched its network to 52 provinces nationwide and plans to expand its service distribution network to Cambodia, Laos, Russia and the US in the upcoming time.

Mai Linh Group to build more than 100 rest stops

Friday, April 18, 2008
Leading local taxi company Mai Linh Group (MLG) announced plans to build 106 rest areas throughout Vietnam at a press conference Thursday.
MLG General Director Ho Huy said each rest stop would offer parking, restrooms, gas stations, shopping and food.
Internet services may be provided at certain locations depending on demand, he said.
The rest stops will be built along national highways and at border gates with China, Laos and Cambodia.
MLG will train local residents to be employed at the rest areas’ shops.
Residents will also be invited to sell local specialties and food at the rest areas, said Huynh Bao Khuong, head of MLG Business Development Department.
Huy said PetroVietnam Construction Joint-stock Company would share half of the project’s cost.
Work on the first two rest stops began last year at the Lao Bao rest stop in the central province of Quang Tri and Ca Na Beach in Ninh Thuan Province, part of south-central Vietnam.
Construction of both sites is due to be completed soon.
MLG is one of Vietnam’s leading providers of taxi and transport services and has branches in Cambodia. (TN)

Mai Linh unit to increase cab fleet to 550 this year

Tuesday, April 15, 2008
Mai Linh unit to increase cab fleet to 550 this year
Mai Linh Bac Trung Bo Joint-Stock Company, a subsidiary of the Mai Linh Corporation, has announced its plan to raise the number of operated cabs to 550 in 2008, and to 1,000 by 2012.
The firm, founded in 2000, also expects to earn VND24.52 billion (US$1.5 million) in profits this year, it said at its annual shareholders’ meeting.
Last year its chartered capital reached VND268 billion ($16.6 million) and net profit rose by 5.82 times to VND3.5 billion.
Mai Linh Corporation is the country’s top name in transport services. (TN)