NewsWhore
06-13-2007, 06:50 PM
A Vietnamese company would assemble buses, tractors, trucks and motorcycles for export and for the local market, according to Minister without Portfolio Miguel Mejia. The assembly factory will be located in Santiago de los Caballeros, and represents an investment of US$80 million. The company, Vinamotors (Vietnam Automotive Industrial Corporation), has more than 50 subsidiaries around the world, according to Diario Libre. This is the same company that recently sold 1,000 buses to the CONATRA transport union. According to a company spokesperson, the factory should have most of its infrastructure installed by the end of 2007 and the personnel will be fully trained within a 10-month time frame. It is expected that at least 1000 new jobs will be created.
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