Honda Vietnam opens second cycle plant

30/08/2008 -- 9:21 PM

Vinh Phuc (VNA) – Honda Vietnam on August 29 opened its second motorcycle factory, which mainly manufactures scooters in the northern province of Vinh Phuc. The 65 million USD, 300,000sq.m factory is designed to produce 500,000 units annually and possess all the most up-to-date Honda production technologies, according to the Japan-invested firm. With the new plant, Honda Vietnam’s annual motorcycle production capacity will total 1.5 million units. The opening of the second factory will help Honda Vietnam satisfy the increasing and diversifying demands of Vietnamese customers. Company general director Koji Onishi said it was a reflection of the company’s desire to expand business in Vietnam and to effectively contribute to the country’s development. Japanese Ambassador to Vietnam Mitsuo Sakaha emphasised that the second motorcycle factory would help Honda Vietnam better ensure its presence in the domestic market. Deputy Minister of Industry and Trade Le Duong Quang urged the company to focus on the export of vehicles and spare parts and on technological innovations, so as to create the best quality products for Vietnamese customers. The company reported selling 800,000 units during the first eight months of this year.-Enditem
Send this page	Print

Thai business invests in shrimp breeding (30/08/2008)

Kumho Viet Thanh buses ride in capital (30/08/2008)

Car imports hit eight-month low in August (30/08/2008)

Cocoa plants get cultivated in Binh Phuoc (30/08/2008)

Hai Duong revokes licences of five FDI enterprises (29/08/2008)

Germany transfers wind power turbines to VN (29/08/2008)

Offcial calls for higher foreign trade efficiency (29/08/2008)

Basic interest rate to stay at 14 percent (29/08/2008)

Hanoi to host int’l energy fair amid world crisis (29/08/2008)

Vietnam’s economy on right track of development (29/08/2008)