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Vinamotor to invest 200 million USD abroad
The Viet Nam Motor Industry Corporation (Vinamotor) plans to pour over 200 million USD into building light truck, bus, motorbike and concrete mixing station factories in South American countries in 2008.
According to the Vinamotor CEO, the corporation will build three large-scale facilities in Venezuela , including a plant capable of turning out 100 concrete mixing stations, a light truck factory with an annual capacity of 18,00 trucks and a motorbike factory capable of turning out 100,000 products per year.
In the Republic of Dominica , besides exporting 46-seat buses, Vinamotor will invest in building a bus factory with an annual capacity of 5,000 vehicles.
The corporation’s investment will help promote the Vinamotor trademark in domestic and foreign markets.
VNA
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