HCM CITY — Trường Hải Auto Corporation (THACO) will become the new official importer of BMW and MINI vehicles in Việt Nam starting in January 2018. THACO and BMW AG signed a Letter of Intent on Tuesday outlining the plan, THACO communications director Nguyễn Một confirmed to the Việt Nam News. Sime Darby Motors is the second largest BMW dealer group in the world and continues to be a key partner for the BMW Group in multiple markets throughout the region. THACO has been an exclusive agent for imported Peugeots since the French car giant returned to the local market in 2014. Last year, THACO earned total revenues of $2.8 billion, contributing $796 million to the State budget.

Source: Viet Nam News September 13, 2017 06:56 UTC