Hanoi (VNA) - Hyundai Thanh Cong Vietnam, a joint venture between Vietnam’s TC Group and the Republic of Korea’s Hyundai Motor, on October 29 exported the fourth batch of Hyundai Palisade cars to Thailand, raising the total number shipped to the country to 110.
This shipment is part of the company’s plan to export over 4,000 Hyundai vehicles to countries in the region during the 2024-2025 period. Among these, Hyundai Palisade is Hyundai's premium sport utility vehicle (SUV), which has been produced and distributed in Vietnam since September 2023.
Notably, with a localisation rate of over 40%, Hyundai Palisade not only meets stringent technical requirements but also qualifies for tariff preferences under the ASEAN Free Trade Agreement (AFTA), which provides it a significant competitive advantage for international exports.
This export event marks over 15 years of strategic cooperation between TC Group and Hyundai Motor in the production and distribution of Hyundai-branded vehicles in Vietnam. To date, TC Group has successfully established Hyundai’s automobiles and passenger cars as a dominant presence in the Vietnamese market.
In addition to Hyundai Palisade, the company aims to expand the export of other vehicle lines to other Southeast Asian countries like Myanmar, the Philippines, and Indonesia. This demonstrates the global quality of Hyundai-branded automobiles produced and assembled in Vietnam, contributing to elevating the status of Vietnam's automotive industry on the regional map./.
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