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Industry

Vietnam, Russia sign truck manufacturing deal

03 January 2018

The governments of Vietnam and Russia have signed an agreement to collaborate on manufacturing trucks in the Southeast Asian country for domestic and regional markets.

The inter-government protocol, signed on 27 December 2017 in Hanoi, features mainly the localised production of commercial trucks but also covers specialised vehicles for military applications.

Under the protocol, Russian truck manufacturers – including Kamaz and Uaz – will be required to transfer technologies and skills to Vietnam to facilitate production and localised maintenance support. The two sides will also look to penetrate export markets in Southeast Asia.

State news agencies in Vietnam said the protocol provides an incentive for Russian vehicle manufacturers to set up joint ventures (JVs) with local enterprises to produce trucks, utility vehicles, and special-purpose vehicles (including military vehicles).

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