New Automobile JV Licensed

3:26:38 PM | 7/8/2005

New Automobile JV Licensed

The Ministry of Planning and Investment has licensed a new automobile production venture, worth US$70 million, in the southern province of Phu Yen.

The joint venture between the Malaysian JRD Company and the Vietnamese Phu Yen Industrial Export and Import Company will begin construction of a factory in the Tuy An District in September, producing light trucks and buses of up to 16 seats.

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