Vinamotor to set up Jointventures in Venezuela
Tuesday, 18. November 2008, 07:57:43
Vietnam and Venezuela finish negotiation to set up joint ventures. Vinamotor will set up some joint ventures factory to produce light truck, motor bike and asphalt.
The negotiation is successfully finished between the two parties. Vinamotor Chairman, Mr. Nguyen Van Khoa will continue to set up an MoU for building joint venture companies in Venezuela.
Vinamotor will be first Vietnamese Automobile manufacturer set up factory oversea. Picture: An Ox-cart at fish market in Nghe An province
Vinamotor chairman is in Venezuela in companion with State visit by Vietnamese President Nguyen Minh Triet from Nov 18 to 20.
Mr. Nguyen Van Khoa will meet with representatives from Venezuelan Ministry of Light industry and commerce for further discussion on joint venture contracts.
It is planned that Vinamotor will set up their joint venture factories with Venezuelan counterpart mid 2009.
There will be a light truck factory, capacity 15,600 units per year; a motor bike factory capacity 50,000 units per year and another 100 stations for asphalt mixtures.
Vinamotor - Vietnam Motors Industry Corporation is 100% state owned corporation. Vinamotor mainly produces truck and coaches and operate in infrastructure construction like steel structure, road construction materials./.
The negotiation is successfully finished between the two parties. Vinamotor Chairman, Mr. Nguyen Van Khoa will continue to set up an MoU for building joint venture companies in Venezuela.
Vinamotor will be first Vietnamese Automobile manufacturer set up factory oversea. Picture: An Ox-cart at fish market in Nghe An province
Vinamotor chairman is in Venezuela in companion with State visit by Vietnamese President Nguyen Minh Triet from Nov 18 to 20.
Mr. Nguyen Van Khoa will meet with representatives from Venezuelan Ministry of Light industry and commerce for further discussion on joint venture contracts.
It is planned that Vinamotor will set up their joint venture factories with Venezuelan counterpart mid 2009.
There will be a light truck factory, capacity 15,600 units per year; a motor bike factory capacity 50,000 units per year and another 100 stations for asphalt mixtures.
Vinamotor - Vietnam Motors Industry Corporation is 100% state owned corporation. Vinamotor mainly produces truck and coaches and operate in infrastructure construction like steel structure, road construction materials./.
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