HA NOI (VNS)— French automaker Peugeot was returning to Viet Nam with the creation of a distribution network and local production of its 408 model along with Vietnamese partner, Thaco Group.
A Peugeot statement announced on Monday that it would set up six dealerships in Viet Nam with three in the north and three in the south.
Peugeot enjoyed a strong presence in Viet Nam during the 1980s as its bicycles and mopeds were popular among local consumers.
The French group estimated as many as 300,000 new cars would have been sold in Viet Nam by 2020. It expects to produce locally up to 80 per cent of all the vehicles it sells in the country.
Peugeot is the third brand name to be distributed by Thaco Group, after Kia of S Korea and Mazda of Japan. — VNS