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Lifan prepares to build plant in Vietnam
2009-1028
After the official visit to China of Prime Minister Nguyen Tan Dung, a cooperation agreement on automobile manufacture was signed. According to this, an automobile plant of Lifan Group (China) will be built in Bac Kan Province.
With total investment of 20 million USD, in which Lifan contributes 55% of total capital, this project includes the construction of new automobile assembly factory in Bac Kan Province with capacity of 15,000 automobile/year, improvement of equipment, production line of automobile at automobile plant in Ha Noi, expansion of showrooms, and service workshops…
Percentage of equipment that originated in Vietnam of Lifan’s automobiles which are assembled in Vietnam is only 3-4%, but according to this new plan, the percentage will increase to 13% from now to 2013-2014.
At present automobile market of Vietnam is attractive in South East Asia because consumption rate is increasing continuously. According to report of Vietnam Automobile Manufactures’ Association (VAMA), in the first 9 months of 2009, automobile consumption in Vietnam increased 56%, surpassed 6% of growth rate of the whole year of 2008.
Lifan 320 at the first sight in Hà Nội at 6/2009 (Photo: Hoan Tuan)
Lifan Việt Nam will launch 3 products of Lifan 620, Lifan 320 and Lifan 520 which are assembled in Vietnam in the early 2010 with the change in selling price in comparison with present price.
The above mentioned three models are imported and distributed by Lifan Vietnam with the following prices: Lifan 320 LF 7132 has the price of 223 million VND (about 12,500 USD), Lifan 520i has the price of 241 million VND (about13.500 USD) and Lifan 620 has the price of 330 million VND (about 18.500 USD).
With total investment of 20 million USD, in which Lifan contributes 55% of total capital, this project includes the construction of new automobile assembly factory in Bac Kan Province with capacity of 15,000 automobile/year, improvement of equipment, production line of automobile at automobile plant in Ha Noi, expansion of showrooms, and service workshops…
Percentage of equipment that originated in Vietnam of Lifan’s automobiles which are assembled in Vietnam is only 3-4%, but according to this new plan, the percentage will increase to 13% from now to 2013-2014.
At present automobile market of Vietnam is attractive in South East Asia because consumption rate is increasing continuously. According to report of Vietnam Automobile Manufactures’ Association (VAMA), in the first 9 months of 2009, automobile consumption in Vietnam increased 56%, surpassed 6% of growth rate of the whole year of 2008.
Lifan 320 at the first sight in Hà Nội at 6/2009 (Photo: Hoan Tuan)
Lifan Việt Nam will launch 3 products of Lifan 620, Lifan 320 and Lifan 520 which are assembled in Vietnam in the early 2010 with the change in selling price in comparison with present price.
The above mentioned three models are imported and distributed by Lifan Vietnam with the following prices: Lifan 320 LF 7132 has the price of 223 million VND (about 12,500 USD), Lifan 520i has the price of 241 million VND (about13.500 USD) and Lifan 620 has the price of 330 million VND (about 18.500 USD).
Source: Dan Tri (translated by BigBigTrans)
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