Japanese automaker Mazda Motor Corp has announced that the assembly of Mazda2 subcompacts in Vietnam has started at a new factory in central Vietnam.
The cars are being built by Vina Mazda Automobile Manufacturing Co., a partner with no capital ties to Mazda, the Japanese company said in a statement. Vina Mazda's plant in Quang Nam Province is set to produce approximately 2,000 Mazda2 units per year.
Mazda expects the Mazda2 to become one of its "mainstay" products in the Vietnamese market.
"We are confident that the Mazda2 will be warmly accepted by Vietnamese customers despite the extremely competitive compact car segment," said Seita Kanai, Mazda's director and executive vice president.
"Vietnam is one of the largest markets in the ASEAN region, with a large youthful population and promising economic development in recent years," he said.
Mazda began selling completely built-up vehicles through Vina Mazda in March. The Japanese automaker announced its decision to begin local assembly of the Mazda2 in Vietnam in August, as part of a plan accelerate business growth in emerging markets.