Vietnam and Russian collaboration in automobile manufacturingRussian automobile manufacturers (KAMAZ, GAZ, and UAZ, among others) will collaborate with Vietnamese partners to establish joint ventures to manufacture and assemble automobiles and trucks of 10 seats or more, terrain vehicles, and some specialised vehicles in Vietnam. On December 27, 2017, Tran Tuan Anh, Vietnamese Minister of Industry and Trade, on behalf of the Vietnamese government and Ambassador Konstantin Vasilievich Vnukov on behalf of the Russian government signed and amendment protocol on supporting the production of motor vehicles in the territory of Vietnam. “I hope these Vietnamese-Russian ventures will be successful and contribute to the development of the Vietnamese automobile industry, as well as take opportunities to break open the ASEAN markets with its 640 million population,” the minister emphasised. The Russian Federation is a key trading partner of Vietnam. In order to reach the goal and effectively explore the co-operation potential of the two countries, the successful implementation of this motor vehicles manufacturing project is essential and conforms with the desires of the two countries.

Source: VietNamNet News December 29, 2017 11:48 UTC