Russia’s Sollers plans to assemble cars in Vietnam

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) – 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.

Sputniknews quoted Shvetsov as
saying 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 will
initiate the first phase, which involves the use of import quotas for
automobiles.

“In addition, they have their own industrial assembly policy, so
obviously, we will move in that direction. I think the first phase of the
project is to export automobiles assembled in Russia to Vietnam, then transfer
technology,” he said.

In May 2015, the Eurasian Economic Union and Vietnam signed a free
trade agreement to develop a number of joint projects, which includes the
automobile industry.

Following this, Russian automakers Gaz, Kamaz and Sollers have
drawn 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 would
get a duty-free import quota for automobiles and car parts. “This will allow us
to increase the export of vehicles and open up new markets for Russian
products, with the prospect of entering the ASEAN market,” the ministry
said.-VNA



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