Thanh Cong to assemble Hyundai cars in Vietnam

Thanh Cong Group, the official distributor of Hyundai cars in Vietnam, said that it would finish construction of an automobile factory late this year and will launch the first locally assembled Hyundai cars early next year. Apart from the assembly lines, Thanh Cong has plans to produce auto parts to increase the local parts content of the Hyundai cars that will be assembled in Vietnam. The company will also call auto part suppliers for Hyundai in South Korea to come and invest in Vietnam, thus contributing to the development of Vietnam’s supporting industries. Le Ngoc Duc, general director of Thanh Cong Group, said his company has officially replaced Hyundai Vietnam Automobile Joint Stock Co. since June to import and distribute Hyundai cars in Vietnam. (September 4, 2009)