HCMC – Truong Hai Auto Corporation (Thaco) on March 25 inaugurated a Mazda auto assembly factory seen as the biggest in Southeast Asia with a manufacturing capacity of 100,000 units a year, according to news site Vietnam Finance.
The factory, completed after a year of construction, costs VND12 trillion (some US$520 million) and covers 35 hectares of the Chu Lai-Truong Hai Auto Mechanical Industrial Park in Quang Nam Province. In the first phase, the factory is expected to assemble 50,000 cars per year.
Thaco chairman Tran Ba Duong said the corporation has mapped out plans to build new auto manufacturing and assembly factories of Kia and Mazda passenger cars, high-end passenger cars, buses, trucks and automotive accessories to raise the localization rate to 40%. Under ASEAN trade commitments, autos are subject to zero tariffs in regional trade if local content reaches 40%.
http://english.thesaigontimes.vn/58959/Thaco-opens-region’s-biggest-Mazda-auto-factory.html