Taiwan-backed auto factory inaugurated in Dong Nai

Taiwan ’s SanYang Industry Co. opened an automobile factory at the Nhon Trach 2 Industrial Zone in southern Dong Nai province on Sept. 26.

Covering 33.1 ha, the factory is operated by the SanYang Vietnam Motor Company (SMV) with a total investment capital of 70.23 million USD. It is capable of producing 10,000 units per year in the first phase.

SanYang Industry Co. (SYM) marked the occasion by introducing its latest light lorry product named SYM – T880 which is expected to replace the home-made push-carts and handcarts currently being used across the nation.

SYM is a subsidiary company of the Chinfon Group that has so far invested more than 1 billion USD in Vietnam , focusing on cement, motorbikes, automobiles and automobile components, feed, and banking services.

VNA

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