The South Korean Daewoo Bus Corporation was issued a license to establish a venture and construct a production facility in the northern province of Vinh Phuc. Viet Nam Daewoo Bus Limited , with total capital of 30 million USD, will produce and assemble bus components.
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| Daewoo cars |
The South Korean Daewoo Bus Corporation was issued a license to establish a venture and construct a production facility in the
Viet Nam Daewoo Bus Limited , with total capital of 30 million USD, will produce and assemble bus components.
Under terms of the license, the company is permitted to operate for up to 50 years, receive an initial two-year tax exemption and a 50 percent tax cut for the next five years.
(Source: VNA)
