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Peugeot Will Begin Assembling Cars in Vietnam as Early as This Year

In the 2017-2020 period, French car manufacturer Peugeot will begin assembling some of its vehicles in Vietnam.

According to VietnamNet, Peugeot has signed a memorandum of understanding with the Truong Hai Automobile Joint-Stock Company (THACO). The document outlines a plan for THACO to assemble the Peugeot 2008, 3008 and 508 models at its car plants in Quang Nam province.

Since reappearing on the Vietnamese market in 2014 after a long hiatus, Peugeot has seen remarkable growth in the country. In 2016 alone, the firm’s sales grew by 60%, according to VietnamNet, selling over 1,200 cars through THACO, which acts as its exclusive import agent.

THACO also aims to ramp up its service capabilities by opening more Peugeot showrooms equipped with mechanic facilities. The company currently operates eight such venues but is hoping to have 13 by the end of the year.

In addition to four-wheeled vehicles, Peugeot has also introduced its own line of bicycles and scooters to Vietnam.

[Photo via Danh Gia Xe]

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