Proton enters Vietnam

Wed, 21 Sep 1994, 00:00 WIB | Source: AFP

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.

View JSON | Print