HA NAM - Manufacturers of Honda motorcycle's back to invest in Vietnam. After building the first assembly plant in 1997, and Continued Development in 2008, Honda is now planning to build a third assembling.
Honda's back to invest in Vietnam again and again
The first and the second assembly plant already produces 1 million units of Honda motorcycles. Then the company has a new policy by adding jumkah production units to 500,000 units, and with this final target, Honda decided to build a third factory.
The decision was made to accommodate the demand for highly consistent and rapidly expanding market of motorcycles in Vietnam. Total investment is estimated at USD120 million, the third plant is scheduled to start operation in the second half of 2012, and was built in Ha Nam province, about 40 kilometers south of Hanoi.
Motorcycle market in Vietnam has grown to 2.69 million units in 2010. Mingkat 20 percent compared to production in 2009. Vietnam Became the fourth country in the world's largest motorcycle market behind China, India and Indonesia.
"Motorcycles have Become an integral part of everyday life in Vietnam, and Further economic expansion is expected to continue to grow. Based on this estimate, HVN determined to build a third plant in order to Further strengthen its ability to continue to deliver products to customers in a timely manner Vietnam, "said Honda Vietnam, as quoted autoevolution.
Since the start of production in 1997, HVN cumulative motorcycle production reached 9.6 million units and sales have Increased for 14 consecutive years. Additionally, Vietnam's market share reached 64 percent in 2010. HVN Will Continue to Enhance the product lineup to meet the increasingly diversified needs of customers in Vietnam.
