Vietnam, China Firms Add US$6.25Mln to Northern Light Truck Plant
Vietnam’s Tracimexco and China’s Jianghuai Automobile Co. Ltd (JAC) are pouring an additional VND100 billion ($6.25 million) into expanding the scope of an auto plant in northern Bac Kan province, local media reported.
The money will be channeled into the Trancimexco factory to enable the production of more light truck models for the domestic market in the next two years.
JAC has transferred truck assembly and manufacturing technologies to Tracimexco, or Transport Investment Cooperation and Import-Export Corporation in full.
Currently, Tracimexco has rolled out dozens of light truck models and buses in Vietnam.
According to local market experts, Vietnam will need a large volume of light trucks and buses as the country is removing about 30,000 obsolete buses and trucks and 120,000 cong nong (a kind of light trucks for short-distance conveyances) until 2008.
Tracimexco was set up in 1995 with the merger of Tracimex, Vietrancimex and Interco. It began to assemble cars in 2000 and is running auto plants in Ho Chi Minh City, Dong Nai, Bac Kan and Ha Giang provinces.
Transport
Vietnamese
