The Japanese-funded Honda Vietnam inaugurated its third motorcycle factory in northern Ha Nam province on November 10, which is expected to become one of the most technologically advanced in the field in the world.
Covering over 270,000 square meters at Dong Van II industrial park, the 120-million-USD factory will comprise seven workshops capable of producing 500,000 units per year.
The plant’s entire production procedure fully meets the global and Vietnamese highest environmental standards to create high-quality and environmentally friendly products.
Honda Vietnam started to produce motorcycle spare parts in this plant in March 2014, with 1,450 units a day. In the first phase, the plant is able to manufacture 1,000 motorcycles, mainly scooters, per day.
The plant employs nearly 1,300 local work-hands and generates indirect jobs for thousands more.
At the inaugural ceremony, Deputy Prime Minister Hoang Trung Hai said Honda’s construction of its third plant after 17 years of operation in Vietnam vividly manifests the investment efficiency of Japanese businesses in the host country.
He noted that Japan now tops 101 nations and territories pouring direct investment into Vietnam , with 2,410 projects totalling 36.3 billion USD in value.
Vietnam and Japan established bilateral strategic partnership for peace and prosperity in Asia in March this year.
The Southeast Asian nation is offering brilliant investment opportunities for foreign investors, including those from Japan , especially in the field of infrastructure building under the public-private partnership (PPP) form such as transport, electricity, and water supply.
The Deputy Prime Minister said he hopes as a leading business in Japan and the world, Honda will continue to bridge Japanese and Vietnamese business links and help drive the two countries’ economy.
Ha Nam , a dynamic province in attracting foreign investment, will work harder to persuade more Japanese businesses to invest in the locality, Hai said.-VNA
Covering over 270,000 square meters at Dong Van II industrial park, the 120-million-USD factory will comprise seven workshops capable of producing 500,000 units per year.
The plant’s entire production procedure fully meets the global and Vietnamese highest environmental standards to create high-quality and environmentally friendly products.
Honda Vietnam started to produce motorcycle spare parts in this plant in March 2014, with 1,450 units a day. In the first phase, the plant is able to manufacture 1,000 motorcycles, mainly scooters, per day.
The plant employs nearly 1,300 local work-hands and generates indirect jobs for thousands more.
At the inaugural ceremony, Deputy Prime Minister Hoang Trung Hai said Honda’s construction of its third plant after 17 years of operation in Vietnam vividly manifests the investment efficiency of Japanese businesses in the host country.
He noted that Japan now tops 101 nations and territories pouring direct investment into Vietnam , with 2,410 projects totalling 36.3 billion USD in value.
Vietnam and Japan established bilateral strategic partnership for peace and prosperity in Asia in March this year.
The Southeast Asian nation is offering brilliant investment opportunities for foreign investors, including those from Japan , especially in the field of infrastructure building under the public-private partnership (PPP) form such as transport, electricity, and water supply.
The Deputy Prime Minister said he hopes as a leading business in Japan and the world, Honda will continue to bridge Japanese and Vietnamese business links and help drive the two countries’ economy.
Ha Nam , a dynamic province in attracting foreign investment, will work harder to persuade more Japanese businesses to invest in the locality, Hai said.-VNA
