Vietnam-RoK transportation joint venture set up

28/08/2008 -- 9:15 PM

Hanoi (VNA) – A transportation joint venture company between Vietnam and the Republic of Korea was inaugurated in Hanoi on August 28 to provde transportation services in the northern region. The Kumho Viet Thanh express transportation Co. Ltd, a joint venture between Viet Thanh - a leading transportation company in Vietnam ’s northern region - and Kumho Express Company of the RoK’s Kumho Asiana Group, has a charter capital of 4 million USD, in which the Vietnamese side contributed 51 percent. Kumho Viet Thanh Director Mun Jin Sik said that with 200 high-quality imported buses, the company will provide bus service for passengers from Hanoi to Ha Long, Hai Phong, Thanh Hoa and Lang Son in the first phase of is development plan. Buses for the Hanoi-Ha Long route are ready for service while the service for remaining routes will be launched later this year, Mun Jin Sik said. He said in the 2 nd phase the company would open bus routes from Hanoi to central Da Nang city, Vientiane in Laos , and Kunming and Nanning in China . Earlier in November 2007, Kumho Express and the Saigon Transportation Mechanical Corporation (Samco) also jointly set up a limited liability company, namely Kumho Samco Express, to transport passengers from Ho Chi Minh City to Nha Trang, Da Lat and Phan Thiet.-Enditem
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