Russia, Belarus prepare to establish auto joint ventures in Vietnam
A couple of Russian and Belarusian companies are preparing to set up auto joint ventures in Vietnam to benefit from two protocols between Vietnam and the two nations on production of vehicles here in the country. The two protocols were signed within the framework of the free trade agreement between Vietnam and the Eurasian Economic Union that went into force on October 5. Baturo K.G. of the Belarusian Embassy in Vietnam told a conference in HCMC on Wednesday on ways to boost Vietnam’s exports to EAEU after the FTA becomes effective that MAZ trucks would be assembled at a plant of Saigon Transportation Mechanical Corporation. The Belarusian manufacturer will cooperate with Vietnamese partners to build more plants to assemble MAZ trucks and buses. He noted MT’s tractors and BelAZ’s earth moving equipment have been sold in Vietnam for years. Russia’s trade representative in Vietnam Ivan Gumnikov told the press in HCMC early this month that Russian trucks and passenger cars are expected to report strong sales in Vietnam.
