Proton enters Vietnam

Proton enters Vietnam

HANOI (AFP): Malaysian automobile firm Proton, foreign partner in the Vina Star Corp. joint venture, has been authorized to import parts to assemble vehicles for sale in Vietnam, a report said yesterday.

Total investment capital of this project was put at US$450 million, the union weekly Nguoi Lao Dong said.

Proton's offshoot in the southern province of Song Be will start assembly of "Delica" minibuses in March next year.

The initial production will be 1,000 vehicles annually, rising to 12,000 units in subsequent years, the newspaper added.