International Business
From Times Staff and Wire Reports
Ford Expects to Build Plant in Vietnam: The auto maker said it will build the assembly plant near Hanoi. It said it plans to apply for a license from the government early next year and begin construction as soon as the license is approved, said Wayne Booker, Ford’s executive vice president for international operations. Ford Motor Co. and Song Cong Diesel Factory are completing a feasibility study for a joint venture to manufacture a complete line of cars and trucks for the Vietnamese market, Booker said. At first, the plant would assemble vehicles from imported parts, but Ford has agreed to help Vietnam develop a local auto parts industry, Booker said.
