Trio of manufacturers assist in ‘made-in-Vietnam auto dream’VietNamNet Bridge - Vietnam once put high hopes on automobile joint ventures, believing that foreign technologies would help develop the automobile industry. Vietnam is developing automobile industry with trio manufacturersIn the early 2000s, two Vietnamese companies had strength in the truck and passenger vehicle market segments. Starting business as a used car dealer, Thaco later began making trucks, buses and now assembles Mazda, Kia and Peugeot. Vietnam once put high hopes on automobile joint ventures, believing that foreign technologies would help develop the automobile industry. The rapid growth has placed Hyundai Thanh Cong (HTC) in the top five manufacturers with the largest market share in Vietnam.

Source: VietNamNet News January 02, 2018 03:11 UTC