VMEP begins construction of research and development centre in Ho Nai IZ

Mr.Huynh Chi Thang, Vice Chairman of Dong Nai People’s Council (third, right) and VMEP General Director Chen Pang Hsiung (second, left) at the ground-breaking ceremony of VMEP R&D center

(ĐN)- Vietnam Manufacturing and Export Processing Co. (VMEP), motorbike manufacturer of the Taiwanese Sanyang Industry started contruction of the SYM research and development centre in Ho Nai industrial zone in the morning of April 25, 2006.  The VMEP R&D center covering 54.7 hectares of industrial space in Ho Nai IZ will share and supplement resources with Sanyang Motor Taiwans R&D center to actively research, develop and design products suitable to the market and consumer preferences in Southeast Asia, hence quickly responding to market demand. $15 million is invested primarily in the first phase of the project of the R&D center which occupies 30 hectares. The site is scheduled to be operational by the end of 2007. The project is expected to be fully completed by 2010.

According to VMEP General Director Chen Pang Hsiung, VMEP Vietnam will become the base of the company’s ASEAN operations center. He also revealed that after 14 years of operation in Vietnam, VMEP has sold more than 1 million motorbikes in the country. VMEP is recognized as a reputable high quality provider with SYM motorcycles such as Angel, Atila and so on. The company targets to export 500,000 motobikes to foreign countries by 2010.

Kim Loan