Vinamotor invests VND140 billion in Bac Giang venture

Saturday, Nov 16, 2013 13:22

HA NOI (Biz Hub) — The Viet Nam Motor Industry Corporation (Vinamotor) received a licence to invest in manufacturing automobiles in Dong Vang in the northern province of Bac Giang.

The VND140 billion (US$6.6 million) project has an annual production capacity of 3,000 buses and 5,000 lorries.

The province also granted an investment license to DV motor company for a VND16.5 billion project to manufacture motorbikes and electric bikes.— VNS

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