Piaggio factory makes debut in VN
VGP - Piaggio Việt Nam today inaugurated its first Việt Nam-based plant in the Bình Xuyên Industrial Park of the northern province of Vĩnh Phúc, marking the corporation’s new stage of development.
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Deputy PM Hoàng Trung Hải visits an assembly line at the Piaggio Factory - Photo: VGP |
At the ceremony, Deputy PM Hoàng Trung Hải asserted that the FDI project will be a precondition for Việt Nam to foster its auxiliary industries. He expressed his hope that the Piaggio Việt Nam plant will become the Italian group’s major establishment of production in Asia.
Invested with US $30 million, the factory comes into operation after the one-year construction and is expected to produce over 50,000 Vespa motorbikes per year.
The plant’s first products are of the model Vespa LX, completely made in Việt Nam. The retail price of a Vespa LX 125 motorbike is US $3,450.
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An assembly line of Micro Shine Vina Company in the Khai Quang Industrial Park - Photo: VGP |
* On the same day, Deputy PM Hải paid a working visit to Micro Shine Vina Company located in the Khai Quang Industrial Park of Vĩnh Phúc Province. The newly-founded company specializes in producing and exporting electronic components, such as visual sensors, camera, and lights for mobile phones.
By Nguyên Phương
