Honda Vietnam Co., Vietnam's biggest two-wheeler company, on Monday inaugurated its third plant in the country with an annual capacity of 500,000 units.
The plant is located in a 270,000 square meters at Dong Van II Industrial Zone in Ha Nam Province, 40km south of Hanoi.
The Saigon Times website quoted Honda representatives as saying that the company invested an US$120 million in the plant, which employs 1,300 workers and will initially produce 1,000 units a day, mostly scooters.
It has operated the plant since March 2014 and produced 1,450 motorcycle parts a day, the report said.
Honda Vietnam said they will continue improving product lineup to not only fulfil the increasingly diversifying of local demands, but also strengthen exports to other countries.
Honda makes up around 70 percent of the local market and the rest is shared among Yamaha Vietnam, Vietnam Suzuki, SYM Vietnam and Piaggio Vietnam.