Piaggio plant inaugurated in Vietnam

Deputy Prime Minister Hoang Trung Hai cut the red ribbon to kick-start the operation of a Piagio plant in the northern province of Vinh Phuc on June 24.

The Italian-funded project will help Vietnam develop its support industry and increase the localisation rate in its products, said Mr Hai. 

Built in October 2007 with total investment capital of US$30 million, Piaggio Vietnam is expected to churn out more than 50,000 Vespa scooters a year when it operates at full capacity.

The same day, Piaggio Vietnam launched Vespa LX 125 – the latest model - on to the market. The locally-manufactured scooter is offered at VND61.5 million.

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