Hyundai to more than double Vietnam auto output with new plant

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

20200924N Hyundai

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

TOMOYA ONISHI, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.