Russia’s Sollers plans to assemble cars in Vietnam
Russian automobile maker Sollers plans to start assembling UAZ cars in Vietnam in 2018, said Vadim Shvetsov, director general of Sollers, at the International Industrial Trade Fair INNOPROM 2017 in Russia.
Workers assemble cars in UAZ car plant in the city of Ulyanovsk, Russia. Sollers plans to start assembling UAZ cars in Vietnam in 2018. (Photo: dailymail.co.uk)
Hanoi (VNA) - Russianautomobile maker Sollers plans to start assembling UAZ cars in Vietnam in 2018,said Vadim Shvetsov, director general of Sollers, at the InternationalIndustrial Trade Fair INNOPROM 2017 in Russia.
Sputniknews quoted Shvetsov assaying that Vietnam’s Ministry of Industry and Trade is reviewing Sollers’business plan, and that as soon as it gets the go-ahead, the company willinitiate the first phase, which involves the use of import quotas forautomobiles.
“In addition, they have their own industrial assembly policy, soobviously, we will move in that direction. I think the first phase of theproject is to export automobiles assembled in Russia to Vietnam, then transfertechnology,” he said.
In May 2015, the Eurasian Economic Union and Vietnam signed a freetrade agreement to develop a number of joint projects, which includes theautomobile industry.
Following this, Russian automakers Gaz, Kamaz and Sollers havedrawn up proposals to establish factories to assemble and produce cars in Vietnam.
Under the plan, the Vietnamese plants will produce buses, trucks,specialised vehicles, light commercial vehicles and passenger cars.
Russia’s Ministry of Industry and Trade said their automakers wouldget a duty-free import quota for automobiles and car parts. “This will allow usto increase the export of vehicles and open up new markets for Russianproducts, with the prospect of entering the ASEAN market,” the ministrysaid.-VNA
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Workers assemble cars in UAZ car plant in the city of Ulyanovsk, Russia. Sollers plans to start assembling UAZ cars in Vietnam in 2018. (Photo: dailymail.co.uk) 
