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The
ground-breaking ceremony of Honda Việt Nam’s third motorcycle plant,
Duy Tiên District, Hà Nam Province, December 19, 2011 – Photo: VGP
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Located in Duy Tiên District, Hà Nam Province, the US $120
million plant is designed to expand its annual capacity by 500,000
motorcycles.
The production expansion is aimed at accommodating consistent and rapidly growing demand of the motorcycle market in Việt Nam.
The
plant is expected to contribute over US $20 million to the local budget
per year and create nearly 2,000 jobs for local laborers.
This is the biggest foreign-funded project in Hà Nam, according to the local People’s Committee.
Honda
Việt Nam has so far reached a total capacity of 2 million motorbikes
this year from its two existing plants in Vĩnh Phúc Province, northwest
of the capital city of Hà Nội.