27th August, 2006
Honda Vietnam Co., Ltd. (HVN), Honda’s Vietnamese subsidiary, has opened a new
motor vehicle plant in the suburbs of Hanoi in Vinh Phuc Province. The opening
of the plant also sees the beginning of Honda motor vehicle sales in Vietnam.
The new plant has an annual production capacity of 10,000 units. In addition
to welding, painting and assembly of complete vehicles, engine assembly will
also be conducted at the plant, a first for an automobile plant in Vietnam. By
2010, the cumulative investment for the automobile operation is expected to
reach approximately US$60 million, including the plant and the new sales
network. The automobile operation is expected to provide direct employment of
approximately 250 new associates at HVN, with an expected total of more than 700
new jobs including dealers and parts suppliers.
About 250 guests, including the vice ministers of the Planning and Investment
Ministry and the Ministry of Industry of Vietnam along with news media, were
invited to the new Civic press conference held in Hanoi last week, along with Honda
President & CEO Takeo Fukui. HVN has begun automobile sales with the Civic 4-door
sedan, available with either a 1.8-litre or 2.0-litre engine, both featuring
i-VTEC technologies. HVN plans monthly sales of about 300 units.
Honda automobile sales will begin at four dealers that have been established in the
largest cities (two in Hanoi and two in Ho Chi Minh City), with a plan for
further expansion in line with increased demand. Each dealer has a spacious
showroom and service operation.
Since beginning motorcycle production in December 1997, HVN has offered
excellent convenience and value to the customers in Vietnam through its
motorcycle products. Through the production and sales of the new Civic, which
has proven popular in many countries around the world, Honda hopes to offer
excellent new value to Vietnamese customers.
“By deepening the ties cultivated through our motorcycle operations with
customers in Vietnam, we were able to enter the automobile market with its high
potential, a major step forward for us at Honda. Through our products
manufactured at the new automobile plant in Vietnam, we look forward to offering
world-class quality and state-of-the-art technologies to our Vietnamese
customers.” said Takeo Fukui, president & CEO of Honda Motor Co., Ltd.
Honda Australia has no plans to import the Civic sedan from Vietnam.
Honda Vietnam Co., Ltd.
| Establishment:
|
March
1996 |
| Capital
investment: |
US$62.90
million |
| Capitalisation
ratio: |
42% Honda Motor Co.,
Ltd. |
| |
28% Asian Honda Motor
Co., Ltd. |
| |
30% VEAM
Corporation |
| |
(Vietnam Engine &
Agricultural Machinery Corporation) |
| Representative: |
Hiroaki Funami,
President |
| Location: |
Suburbs of Hanoi, Vinh
Phuc Province |
| Employment: |
3,000 associates (as of
the end of July 2006) |
Motorcycle Operations
| Production
start: |
December
1997 |
| Production
capacity: |
860,000 units/year
|
| Main models
produced/sold: |
Wave ?, Future NEO,
Super Dream, etc. |
| Sales results for
2005: |
617,000 units (20%
increase from the previous year) |
| Dealer
network: |
260 dealers
|
Motor Vehicle Operations
| Production
start: |
July
2006 |
| Sales start: |
August
2006 |
| Production
capacity: |
10,000
units/year |
| Production
model: |
Civic (Sedan)
|
| Dealer
network: |
4 dealers (2 in Hanoi
and 2 in Ho Chi Minh City) |
Other Honda news:
here.
More news:
Around Australia for Under $1,000!
27th August, 2006
Ford's LPG Challenge returned to Melbourne at 3:15pm on Friday 25th August
after driving more than 13,950kms around Australia and spending only $997.55 on fuel by filling up solely on LPG .....
more
Volkswagen Iroc concept car
25th August, 2006
The largest car maker in Europe showed the reinterpretation of the
successful Scirocco idea in a world premiere in Berlin last night – the Iroc concept .....
more
Saab Icon Celebrates 20 Years
24th August, 2006
The iconic Saab convertible turns 20 this year and to celebrate Saab
is launching a limited edition 20th Anniversary Convertible .....
more
VW supply 200 T5s to the UK's AA
22nd August, 2006
The UK’s largest breakdown organisation, the AA, has
strengthened its roadside recovery fleet with an order for 200 Volkswagen Transporters .....
more
Team Hummer Looks to Continue Winning Streak
22nd August, 2006
Team Hummer, one of off-road racing's most successful teams,
looks to continue their 13-race streak of placing a Hummer on the podium .....
more
New cone laying machine
21st August, 2006
A new machine to improve safety and reduce congestion at roadworks
on high-speed roads was unveiled, in England .....
more
VW Eos Highway 1 Debuts At Pebble Beach
20th August, 2006
The Volkswagen Eos Highway 1 design study debuted, this
weekend, at the Pebble Beach Concours d’Elegance .....
more
Gordon Murray joins Caparo
18th August, 2006
Vehicle light-weighting expert Gordon Murray has been appointed
director of advanced concepts at Caparo Vehicle Products .....
more
Woodward Dream Cruise: Ford
18th August, 2006
At this year’s Woodward Dream Cruise, one of America's great
motoring events, Ford Motor Company is celebrating the 75th anniversary of the quintessential hot rod, the
’32 Ford, also known as the "Deuce" .....
more
America's Saab Enthusiasts Head for the Adirondacks
18th August, 2006
Saab owners and enthusiasts will gather to celebrate their passion for
their cars and the Saab brand at the 24th annual North American Saab Owners Convention .....
more
Cadillac CTS Reaches New Milestone
18th August, 2006
Taking home a new Cadillac is a special occasion for Americans (if
not the rest of the world) and this was especially true last week for the Luyber family .....
more
Woodward Dream Cruise: General Motors
17th August, 2006
Milestone GM vehicles from every era, including the future, will
be on display and on the road Saturday, 19th August, at America's 2006 Woodward Dream Cruise .....
more
Ford Celebrates 75th Anniversary of Hot Rod
17th August, 2006
The year was 1932. The United States was reeling from the Great
Depression. War loomed in Europe. Famine ravaged Russia. Yet hope and innovation were dawning .....
more
Touareg V10 TDI Pushes New Diesel Trend in USA
17th August, 2006
The Touareg V10 TDI, a series production off-road vehicle, has
reached the summit of Pikes Peak at 4,300 metres for the first time in the history of the legendary "Race to
the Clouds" .....
more
Suzuki To Expand Production
16th August, 2006
Suzuki has announced that it will add a new manufacturing plant – with
a capacity of 240,000 compact vehicles – to its Sagara facility at Makinohara-City, Shizuoka, Japan .....
more
Who’s Driving What at the Goodwood Revival 2006
14th August, 2006
The Goodwood Revival, set to take place this year on 1st-3rd September,
relives the glory days of Goodwood Motor Circuit, which – along with Silverstone – was Britain’s leading racing venue
during its active years between 1948 and 1966 .....
more
Peugeot 908 RC Set to Steal the Limelight
14th August, 2006
Peugeot always shines at the Paris Motor Show and with the unveiling of the
908 RC, Peugeot will certainly have the star of the show gracing its Motor Show stand in September .....
more
Suzuki Makes A Splash In Paris
14th August, 2006
Suzuki’s exhibit at the 2006 Paris Motor Show (28th September to
15th October) will include the following: the Swift Sport (European Specification) and the Splash concept
car .....
more
Morgan To Unveil US Aero 8 at Pebble Beach
13th August, 2006
It will be unveiled, next weekend, during the Pebble Beach
Concours and the Monterey Historic race meeting in California .....
more
VE Commodore: Safety The Priority
13th August, 2006
Real world crash situations were considered at every phase of
design, development and testing to ensure the new VE Commodore range was the safest Commodore yet .....
more
Nissan's Campaign for Fully Loaded Tiida
11th August, 2006
With savings of up to $2,250, the retail campaign makes all Tiida hatch
and sedan variants outstanding value propositions .....
more
GM Will Build An All-New Chevrolet Camaro
11th August, 2006
GM chief Rick Wagoner announced overnight that GM will build an
all-new version of the Chevrolet Camaro sport coupe for 2009 .....
more
Lamborghini On Track For Best Year Ever
9th August, 2006
Worldwide sales increased during the first six months from 655 to 952
vehicles, 45% more than in the same period last year .....
more
Mitsubishi Continues To Beat Its Objectives
8th August, 2006
Mitsubishi Motors has continued to improve its business position, as well
as exceed many of its business targets during July .....
more
| 
