Asian Honda Motor Co plans to establish a new wholly-owned power products import and sales subsidiary in Vietnam in order to deliver our products with speed, affordability, high quality and low CO2 emissions for customers in Vietnam where market expansion is expected in the future.
Honda submitted an application to the Ho Chi Minh City Peoples' Committee on March 31 and plans to begin operation of the new company in October of this year.
Through the establishment of the new local subsidiary, to be called Honda Vietnam Power Products Co, Honda said it will build a solid operating base in Vietnam. From this base, Honda will begin sales and marketing operations which will be deeply rooted in the local market and strive to realize the slogan of Honda's power products business - "Helping People Get Things Done."
© JCN Newswire
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