Russian auto manufacturer GAZ Group will start car assembly in Vietnam, said Deputy Prime Minister Maxin Akimov, who is also chairman of the Russian subcommittee of the Russia-Vietnam intergovernmental commission for trade, economic and scientific and technical cooperation.
Russian automotive manufacturer Gorkovsky Avtomobilny Zavod (GAZ) is seeking a joint venture with local Thanh Dat Group to build an automobile plant in the central city of Da Nang.
The 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) will take place at the Vietnam National Convention Centre in Hanoi from June 12-15.
The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on January 14, according to the Ministry of Industry and Trade.
The motorbike market of Vietnam has recorded positive growth in recent years, despite being forecast to enter a saturation period by the Vietnam Association of Motorcycle Manufacturers (VAMM) two years ago.
Russian auto manufacturer GAZ Group is planning to enter the Vietnamese market by setting up a joint venture for distribution and later by assembling autos in the country.
The 15th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2018) will be held at the National Convention Centre in Hanoi from June 6-9.
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