Today I heard that Hyundai Motor Company contracted MOU with Thanh Cong Group(Viet Nam).
The MOU ceremony was held on 23th at Hyundai Motor headquarter in Yangjaedong(South Korea). Main attendees:
Nguyen Tuan Anh(president of Thanh Cong Group),
Le Ngoc Duc(CEO of Thanh Cong Group),
Jeong Bangseon(Asia dept. director of Hyundai Motor),
Kim Seungjin(General manager of business management
of Hyundai Motor)
This MOU is the start of special strategy for Viet Nam Automotive market. They are preparing new system for Viet Nam market needs based on strong sales and service network. Their annual sale plan to Viet Nam is 100,000 unit.
Especially Viet Nam Joint Ventured Corporation ‘HTMV(Hyundai Thanh Cong Manufacturing Vietnam)’ will increase the production volume from 49,000 unit up to 60,000 unit by adjusting labor working in three shifts, till 100,000 unit by the second half 2020 by building 2nd factory.
Hyundai Motor expect sustained growth of Viet Nam market by this MOU contract.
Original new article : http://www.aktv.co.kr/news/articleView.html?idxno=66069