Russian automaker plans to make inroads into Vietnam
Russia’s Sollers automobile company recently announced its intention to assemble the UAZ model in Vietnam.
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| (Source: automotivelogisticsmagazine) |
Positive negotiations are likely to help a contract be sealed by the end of 2015 and the UAZ assembling begin in Vietnam next year, Sollers Director General Vadim Shvetov said on October 14, adding that Vietnam is an attractive market for Sollers.
The next negotiation round is scheduled to take place on December 25. The project timeline and investment have not been determined yet.
Vadim Shvetov also revealed that his company has a similar plan for Egypt, a gateway to Africa and the Middle East.
On May 29, Vietnam signed a free trade agreement with the Eurasian Economic Union (EAEU), which consists of Russia, Belarus, Kazakhstan, and Armenia.
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