Piaggio Vietnam expands its operations
Piaggio Vietnam, a subsidiary of the
Italian-based Piaggio Group, one of the world’s leading manufacturers of
scooters and motorbikes, plans to produce 52,000 Vespa scooters this
year as part of its programmes to expand its business.
Piaggio Vietnam, a subsidiary of the
Italian-based Piaggio Group, one of the world’s leading manufacturers of
scooters and motorbikes, plans to produce 52,000 Vespa scooters this
year as part of its programmes to expand its business.
The company will also open more showrooms and dealerships across the country and develop an additional 18 distributors overseas while setting up a research and development centre to European standards.
In 2009, the company earned 85 million USD, contributing 332 billion VND (17.2 million USD) to the State budget, after producing 22,300 Vespa motorbikes, over 7,000 more than it expected.
Currently the company makes 70 percent of the bikes in Vietnam and generates jobs for almost 400 workers on an average salary of 4.5 million VND per month.
Work on Piaggio Vietnam’s plant started in October, 2007 in Binh Xuyen industrial park in the northern province of Vinh Phuc and Vespa, a well-known brand name from the Piaggio Group, was introduced in Vietnam in June, 2009./.
The company will also open more showrooms and dealerships across the country and develop an additional 18 distributors overseas while setting up a research and development centre to European standards.
In 2009, the company earned 85 million USD, contributing 332 billion VND (17.2 million USD) to the State budget, after producing 22,300 Vespa motorbikes, over 7,000 more than it expected.
Currently the company makes 70 percent of the bikes in Vietnam and generates jobs for almost 400 workers on an average salary of 4.5 million VND per month.
Work on Piaggio Vietnam’s plant started in October, 2007 in Binh Xuyen industrial park in the northern province of Vinh Phuc and Vespa, a well-known brand name from the Piaggio Group, was introduced in Vietnam in June, 2009./.
You should also see
Hanoi ceremony celebrates 70th anniversary of Geneva Agreement
The Ministry of Foreign Affairs held a ceremony in Hanoi on April 25 to mark 70 years since the signing of the Geneva Agreement on the Cessation of Hostilities in Vietnam - an important milestone in the struggle for national liberation of the Vietnamese people and a great victory of the Vietnamese diplomatic sector.
See more
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
