Business

Vietnamese automaker, Huyndai launch project

The Republic of Korea's Hyundai Motors and local Truong Hai Automobile Company (Thaco) have launched a mini bus manufacturing project with the total capacity of 10,000 units per year.
Vietnamese automaker, Huyndai launch project ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) - The Republic of Korea's Hyundai Motors and local Truong Hai Automobile Company (Thaco) have launched a mini bus manufacturing project with the total capacity of 10,000 units per year.

It’s the first-ever manufacturing project in Vietnam to build a new Hyundai mini bus model for export.

The first Hyundai minis buses will roll out from Quang Nam-based bus plant this year.

The bus model is the newest Hyundai model in the Vietnamese market, in cooperation with local car makers after series models of trucks, dump-trucks, buses and commercial cars were produced from 2011.

Thaco said it has invested over 2 trillion VND (8.5 million USD) to build a bus plant with total capacity of 20,000 seaters/sleeping buses and mini-buses per year.

The nation’s biggest automaker plans to build three more plants with the total annual capacity of 215,000 trucks, vans and commercial cars, and achieve a localisation ratio of 16 to 46 percent.

Thaco has so far manufactured and distributed vehicles of three foreign brands: Kia of the Republic of Korea, Mazda of Japan and France’s Peugeot.-VNA
VNA
#Hyundai Motors#Truong Hai Automobile Company#mini bus manufacturing
Follow VietnamPlus

Related News

Huyndai Vinashin agrees to build tankers

Huyndai Vinashin agrees to build tankers

Huyndai Vinashin (HVS) announced on June 27 that it is building four oil tankers, each with a capacity of 50,000 tonnes, for Italian company D’Amico International Shipping S.A.
The Vietnam AutoExpo 2015 kicks off in Hanoi on June 17. (Photo: qdnd.vn)

Vietnam AutoExpo 2015 opens in Hanoi

A number of green vehicles are being showcased at the 12th International Exhibition on Automobile and Supporting Industry (Vietnam AutoExpo 2015) held at the Giang Vo Exhibition Centre in Hanoi from June 17.
Car prices jump following tax adjustment

Car prices jump following tax adjustment

The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.
2016 car import turnover hits 2.3 billion USD

2016 car import turnover hits 2.3 billion USD

Vietnam’s car import turnover in December 2016 increased in both quantity and value, making the year’s total annual car imports finish at 2.3 billion USD, according to the General Statistics Office.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.