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Industry

Russia's Kamaz plans Vietnam expansion

20 January 2017

Russian truck manufacturer Kamaz is planning to expand its operations in Vietnam with a view to penetrating export markets in Southeast Asia, Kamaz Director General Sergey Kogogin has told the Russian state-owned Tass news agency.

Kogogin said that in 2016 Kamaz sold 1,855 trucks to Vietnam, or 20% of the company's total exports. He added that on an annual basis around 30% of its exports to Vietnam - or, in 2016, about 556 trucks - are delivered to the Vietnam People's Army (PAVN).

As a result of a free-trade agreement between Vietnam and the Eurasian Economic Union, which came into effect in October 2016, Kogogin said Vietnam is "becoming more attractive" and that the company is better positioned to export its trucks to regional countries, particularly Cambodia and Laos.

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