Honda Vietnam Starts Construction of Third Factory
Honda Vietnam started the construction of its third motorcycle plant in the Southeast Asian country.
Located in Duy Tien District, Ha 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 Vietnam.
The plant is expected to contribute over US$20 million to the local budget per year and create nearly 2,000 jobs for local people.
This is the biggest foreign-funded project in Ha Nam, according to the local People’s Committee.
Honda Vietnam has so far reached a total capacity of 2 million motorbikes this year from its two existing plants in Vĩnh Phuc Province, northwest of the capital city of Hanoi.
Vietnamese
