Peugeot announces its return to Vietnam
The French automaker Peugeot announced on April 8 that it is returning
to Vietnam with the creation of a distribution network and local
production of its model 408 along with a Vietnamese partner, Thaco
Group.
The French automaker Peugeot announced on April 8 that it is returning
to Vietnam with the creation of a distribution network and local
production of its model 408 along with a Vietnamese partner, Thaco
Group.
A Peugeot statement said that it will set up six dealerships in Vietnam, three of which are in the northern region around capital Hanoi, while the rest is in Ho Chi Minh City.
Peugeot enjoyed a strong presence in Vietnam during the 1980s as its bicycles and mopeds were popular among local consumers.
The French group estimated that as many as 300,000 new cars will be consumed in Vietnam by 2020. It expects to locally produce up to 80 percent of all the vehicles it sells in the country.
Peugeot is the third brand name to be distributed by Thaco Group, after Kia of the Republic of Korea and Mazda of Japan.-VNA
A Peugeot statement said that it will set up six dealerships in Vietnam, three of which are in the northern region around capital Hanoi, while the rest is in Ho Chi Minh City.
Peugeot enjoyed a strong presence in Vietnam during the 1980s as its bicycles and mopeds were popular among local consumers.
The French group estimated that as many as 300,000 new cars will be consumed in Vietnam by 2020. It expects to locally produce up to 80 percent of all the vehicles it sells in the country.
Peugeot is the third brand name to be distributed by Thaco Group, after Kia of the Republic of Korea and Mazda of Japan.-VNA
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
