Business

Russia’s auto maker plans to build assembly plant in Vietnam

Russian automobile company Sollers plans to set up an assembly plant in Vietnam in 2018, the company’s General Director Vadym Shvetsov said on the sidelines of the third Eastern Economic Forum.
Russia’s auto maker plans to build assembly plant in Vietnam ảnh 1A Soller truck (Source: sollers-auto.com)

Moscow (VNA) - Russian automobile company Sollers plans to set up an assembly plantin Vietnam in 2018, the company’s General Director Vadym Shvetsov said on the sidelinesof the third Eastern Economic Forum in Vladivostok, Russia on September 6 .

The company isnegotiating terms with Vietnamese partners, including technical issues,industrial assembly facility, he said, adding that Vietnam also has conditionsfor setting up the facility.

In July, Sollers firstannounced the plans to create a joint assembly plant in Vietnam with initialcapacity of 1,000 cars per year, according to Shvetsov.

Sollers has workedwith world leading automobile makers such as Ford, SsangYong and Mazda.

Russian PresidentVladimir Putin announced the Russian – Vietnamese investment fund will invest500 million USD in non-oil and gas projects in late June.-VNA
VNA
#Eastern Economic Forum#Russian – Vietnamese investment fund#Russian President#Vladimir Putin#Russian automobile company#Sollers#Vietnamplus#Vietnam News#Vietnam News Agency
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