Honda Việt Nam started the construction of its third motorcycle plant in the Southeast Asian country.
The ground-breaking ceremony of Honda Việt Nam’s third motorcycle plant, Duy Tiên District, Hà Nam Province, December 19, 2011 – Photo: VGP
Located in Duy Tiên District, Hà Nam Province, the US $120 million plant is designed to expand its annual capacity by 500,000 motorcycles.
The production expansion is aimed at accommodating consistent and rapidly growing demand of the motorcycle market in Việt Nam.
The plant is expected to contribute over US $20 million to the local budget per year and create nearly 2,000 jobs for local laborers.
This is the biggest foreign-funded project in Hà Nam, according to the local People’s Committee.
Honda Việt Nam has so far reached a total capacity of 2 million motorbikes this year from its two existing plants in Vĩnh Phúc Province, northwest of the capital city of Hà Nội.
Source : VGP