Japan’s Suzuki Motor Corp started building a $13 million automobile manufacturing plant in the southern province of Dong Nai on Wednesday.
The plant is slated to turn out 5,000 cars in the first year of operations, starting in March 2013, and plans to raise its output to 10,000 units and 20,000 units per year in the following years.
With an aim to localise its production lines at the factory by 50 per cent, Suzuki Viet Nam may export auto components to other Suzuki automobile plants in Asia, including those in Thailand, Indonesia, India and Pakistan. Those countries would also export components to Viet Nam, said Osamu.
Vietnam Suzuki had been producing motorcycles and automobiles in the plant located in Binh Da in Dong Nai Province since 1996.
A new motorcycle plant was constructed in neighboring Long Binh Techo Park in 2006 to meet the expanding motorcycle market in Vietnam. The new motorcycle plant produces 80,000 units per year.
Suzuki’s investment in Vietnam is about $ 57.9 million. Employees about 600.