HANOI -- A joint venture between South Korea's Hyundai Motor and Vietnamese conglomerate Thanh Cong Group has opened a sprawling new factory in northern Vietnam, as it looks to expand production and hold on to its top spot in the market.
Joint venture with local conglomerate aims to keep top market spot
Hyundai sold about 70,000 vehicles in Vietnam in 2021, surpassing Toyota. © Reuters
HANOI -- A joint venture between South Korea's Hyundai Motor and Vietnamese conglomerate Thanh Cong Group has opened a sprawling new factory in northern Vietnam, as it looks to expand production and hold on to its top spot in the market.