KAMAZ aims to export more vehicles to Vietnam this year. (Photo: kamazexport.com)
KAMAZ Chief Executive Officer Sergey Kogogin and Managing Director of the Russian Export Center Petr Fradkov have signed an agreement on boosting shipment of KAMAZ-branded vehicles to Vietnam, Sputnik reported.
Russia’s biggest truck producer plans to increase its export to Vietnam from 700 trucks in 2015 to 1,000 units this year.
Under the agreement, the two sides will develop an optimal supply chain to deliver KAMAZ trucks to Vietnam, work on reducing transport costs in Russia, and take measures to reduce import tax.
KAMAZ have shipped its trucks to many regions across the global, including East Europe, China, the Middle East, and North Africa. It produces nearly 94,000 trucks each year.
Sputnik last month carried news that Russia-based AvtoVAZ was holding talks with some Vietnamese firms on selling Russian-made automobiles to Vietnam.
The signing of the free trade zone agreement between the Eurasian Economic Union (EAEU) and Vietnam has driven attention of Russian manufacturers, Maxim Golikov, head of commerce department at Russian embassy in Vietnam said.