Deputy Prime Minister Trinh Dinh Dung has asked South Korean carmaker Hyundai Motor Company to promote technology transfer to its local partners in Viet Nam and increase its localisation rate to a minimum of 40 per cent.
On Thursday, the Republic of Korea’s carmaker Hyundai Motor Company said it will set up a joint venture (JV) with Vietnamese firm Thanh Cong Group to boost sales in the emerging market, according to news website Yonhap.
