Russia’s Auto Maker Sollers Plans to Build Assembly Production in Vietnam

Minh Anh

08:48 07/09/2017

BizLIVE - Negotiations for the assembly plant are underway in Vietnam.

Russia’s Auto Maker Sollers Plans to Build Assembly Production in Vietnam

The first Forward series chassis for sixth generation ISUZU medium-duty trucks at the assembly line of SOLLERS-ISUZU Ulyanovsk plant. Photo: sollers-auto.com

Russian automobile company Sollers plans to set up an assembly plant in Vietnam in 2018, the company’s General Director Vadim Shvetsov told TASS on the sidelines of the Eastern Economic Forum.
"The launch (of the facility) is possible next year, not this year," Shvetsov said.
The executive tipped that negotiations are currently underway in Vietnam. "We are negotiating terms of investments. The Vietnamese government also has own conditions for setting up a local assembly facility," he said.
Shvetsov said in early July that Sollers may create a joint assembly plant in Vietnam with an initial capacity of 1,000 cars per year.
During Vietnamese President Tran Dai Quang’s visit in late June, the two countries discussed the prospect of assembly of vehicles by such Russian manufacturers as GAZ, Kamaz and UAZ.
Russian Direct Investment Fund (RDIF) and Vietnam’s government-run State Capital Investment Corp set up the Russian-Vietnamese investment fund that will invest $500 million in non-oil and gas projects.

MINH ANH

Từ khóa: Tran Dai Quang