Bach Viet Automobile Manufacturing Industry JSC received in principle approval for a VND 2.7 trillion (USD 117.4 million) project to develop a 50 hectare automobile assembly and Manufacturing complex in Chan May – Lang Co Economic Zone, Thue Thien-Hue province in Vietnam.
The factory will assemble cars of up to nine seats with a capacity of 100,000 units per year. Those cars will meet at least Euro 5 emission standards. Research and production of electric cars could also be conducted in the future. Construction is expected to start in the third quarter of 2020 and the factory will begin operations in the fourth quarter of 2024.
The Kim Long Motors Hue’s auto Manufacturing and assembling complex will also be built in the Chan May – Lang Co Economic Zone. The project was approved in 2019 and the Kim Long Motors Hue complex is being built over 160 hectares, with its first phase costing around VND3.33 trillion (USD 144.8 million). It will produce 16,000 buses annually, meeting Euro emissions standards and is expected to become operational in 24 months. Those projects are expected to drive development of the industrial sector in the Thua Thien-Hue Province.
(Source: Vietnam News)
