Honda Vietnam Rolls Out its 5 Millionth Bike
Honda Vietnam has recently rolled out its five millionth motorbike at its plant in the northern province of Vinh Phuc after twelve years of production, the Vietnam News Agency reported.
The Japanese-invested firm, which produces motorbikes, scooters, and sedans in Vietnam, last year pumped US$60 million to its second factory to specialize in producing scooters.
The US$290-million company, a joint venture between Honda Motor of Japan, Asian Motor of Thailand and the Vietnam Engineering and Agricultural Machinery Corporation, sold 600,000 motorbikes in the first half of this year.
Honda Vietnam expects to sell 1.3 million motorcycles in Vietnam this year, up from 1.1 million units last year.
Honda Vietnam remains the largest motorbike manufacturer in Vietnam. It held 38 per cent of market share in 2007.
It plans to put into operation the second motorbike manufacturing plant with an annual capacity of 500,000 units late this year.
The company now has 365 authorized sale agencies nationwide. (VNS)
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