Honda Vietnam opens 2nd cycle plant

Vinh Phuc (VNA) - Honda Vietnam on August 29 opened its second motorcycle factory, which mainly manufactures scooters in the northern province of Vinh Phuc.

The 65 million USD, 300,000sq.m factory is designed to produce 500,000
units annually and possess all the most up-to-date Honda production
technologies, according to the Japan-invested firm.

With the new plant, Honda Vietnam's annual motorcycle production capacity
will total 1.5 million units.

The opening of the second factory will help Honda Vietnam satisfy the
increasing and diversifying demands of Vietnamese customers.

Company general director Koji Onishi said it was a reflection of the
company's desire to expand business in Vietnam and to effectively
contribute to the country's development.

Japanese Ambassador to Vietnam Mitsuo Sakaha emphasised that the second
motorcycle factory would help Honda Vietnam better ensure its presence in
the domestic market.

Deputy Minister of Industry and Trade Le Duong Quang urged the company to
focus on the export of vehicles and spare parts and on technological
innovations, so as to create the best quality products for Vietnamese
customers.

The company reported selling 800,000 units during the first eight months
of this year.