Car companies aim to expand production in Vietnam

Automotive producers in Vietnam are expanding production in an attempt to decrease their dependence on imported products.

The US Ford company reported on 14 January its proposed $82 million in expansion of its plant from 14,000 to 40,000 vehicles annually in Northern Variety, with a triple capacity.

This capital, which will entail over $200 million in total Vietnam investments, will come over a two-year cycle starting this ....