Russian machine building company Uralvagonzavod (UVZ) has proposed establishing a joint venture company in Vietnam to manufacture approximately 2,000 train carriages of various kinds annually.

The proposal came after Vietnam had approved a plan for rail transport development, which has drawn much attention from Russian experts, especially those from UVZ, said Director of the Department of Asia and Africa under the Russian Ministry of Economic Development Evgeny Popov.

He added that the UVZ is willing to pour money into this project.

The firm started the production of railroad cars in 1936.-VNA