Vinh Phuc, Vietnam (ANTARA News/Asia Pulse) - Honda Vietnam on August 29 opened its second motorcycle factory, which mainly manufactures scooters in the northern province of Vinh Phuc.
The US$65 million, 300,000 sq.m factory is designed to produce 500,000 units annually and possess all the most up-to-date Honda production technologies, according to the Japan-invested firm. With the new plant, Honda Vietnam's annual motorcycle production
capacity will total 1.5 million units.
The opening of the second factory will help Honda Vietnam satisfy the increasing and diversifying demands of Vietnamese customers. The company reported selling 800,000 units during the first eight months of this year.
Business in Asia Today - Sept. 1, 2008
published by Asia Pulse