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Automobiles

Hyundai to more than double Vietnam auto output with new plant

Automaker launches $140m project after topping sales rankings for first time

Hyundai became the top-selling auto brand in Vietnam for the first time in the first half of 2020.   © Reuters

HANOI -- Hyundai Motor has begun work on a second plant in Vietnam that will boost its capacity by 140% in a growing market.

The South Korean automaker will invest 3.2 trillion dong ($138 million) in the Ninh Binh Province site, which is slated to come online in phases starting in 2022.

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