Hyundai-Vinamotor joint venture sets automobile plant in the south
VNECONOMY updated: 22/06/2004
The Hyundai Can Tho factory will be built on 35ha, with the first phase of contruction estimated to cost about U$25 million.
Work on a new vehicle manufacturing plant that will eventually churn out nearly 38,000 units a year began in Can Tho.
The Hyundai Can Tho factory will be built on 35ha, with the first phase of contruction estimated to cost about U$25 million.
The factory is designed to produce 37,500 units per year: 12,000 light trucks, 5,500 mini-buses and 20,000 cars.
The project marks Hyundai-Vinamotor’s first automobile plant in the south and the second plant it will build this year. Hyundai-Vinamotor is a joint venture between Hyundai Motors, South Korea’s biggest vehicle maker, and the Vietnam Auto Industry Corporation (Vinamotor).
Full Version: Hyundai-vinamotor's New Plant In The South
nice
i guess in a few years cars will replace all those mopeds in the streets.... great!!
That will never happen:
1. Only a very small number of people could afford it.
2. The government is impose heavy taxes so as to deter people from driving cars.
3. It is not very convenient to own a car in Vietnam, not to mention expensive. A scooter would get you by faster than a car.
1. Only a very small number of people could afford it.
2. The government is impose heavy taxes so as to deter people from driving cars.
3. It is not very convenient to own a car in Vietnam, not to mention expensive. A scooter would get you by faster than a car.
The government of Vietnam still impose a 300% tax on imported cars, my relatives say that a $10,000 car in the U.S is sold for around $30,000 in Vietnam.
ouch....
QUOTE (tqt @ Jun 22 2004, 09:54 PM) 
The government of Vietnam still impose a 300% tax on imported cars, my relatives say that a $10,000 car in the U.S is sold for around $30,000 in Vietnam.
Those tax was to limit the trade deficit from trading with foreign countries, as well as protect a fragile auto industry in homeland. Don't think too far and don't complain on what we don't understand because every country would have a least a few to hundred PhD in economic field. We should remember that we are not experts. We should only complain what effect too much on our living standard.
Secondly, our country is still weak in economic competition. We need time to improve and to reinforce our economic strength and experience in the very new environment, the World Trading Organization.
Don't ask what your country did for you, but ask yourself that what you have done for your country.
Leaving our land, we look for a chance
Floating a round, our life many times had bounced
Study and study, our mind still counts
Till the day of success, we ought to be a gain Vietnamese.
QUOTE (tam_ca @ Jun 22 2004, 07:37 PM)
i guess in a few years cars will replace all those mopeds in the streets.... great!!
great? are you crazy? and make us dependent on foreign oil imports, pollute our air? if we start consuming oil like the west, they will make us their btch with sanctions.
If the car is built in Vietnam, then it is not considered import. 
QUOTE (lavender87 @ May 22 2010, 01:25 PM)
Those tax was to limit the trade deficit from trading with foreign countries, as well as protect a fragile auto industry in homeland. Don't think too far and don't complain on what we don't understand because every country would have a least a few to hundred PhD in economic field. We should remember that we are not experts. We should only complain what effect too much on our living standard.
Secondly, our country is still weak in economic competition. We need time to improve and to reinforce our economic strength and experience in the very new environment, the World Trading Organization.
Don't ask what your country did for you, but ask yourself that what you have done for your country.
Leaving our land, we look for a chance
Floating a round, our life many times had bounced
Study and study, our mind still counts
Till the day of success, we ought to be a gain Vietnamese.
Secondly, our country is still weak in economic competition. We need time to improve and to reinforce our economic strength and experience in the very new environment, the World Trading Organization.
Don't ask what your country did for you, but ask yourself that what you have done for your country.
Leaving our land, we look for a chance
Floating a round, our life many times had bounced
Study and study, our mind still counts
Till the day of success, we ought to be a gain Vietnamese.
They should tax the Chinese imports to the teeth to protect home grown industries then.
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