Piaggio Vietnam expands its operations

Piaggio Vietnam, a subsidiary of the Italian-based Piaggio Group, one of the world’s leading manufacturers of scooters and motorbikes, plans to produce 52,000 Vespa scooters this year as part of its programmes to expand its business.

The company will also open more showrooms and dealerships across the country and develop an additional 18 distributors overseas while setting up a research and development centre to European standards.

In 2009, the company earned US$85 million, contributing US$17.2 million to the State budget, after producing 22,300 units, over 7,000 more than it expected.

Currently, the company makes up 70 percent of the bikes in Vietnam and generates jobs for almost 400 workers with an average salary of VND4.5 million per month.

Tags: Piaggio Vietnam, Vietnam automotive, Vietnam automotive industry

Posted by VBN on Apr 13 2010. Filed under Automotive. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry