Vietnam carmaker Vinfast says buys GM Holden’s testing center

The Vietnamese carmaker did not give value of the deal

Vietnam carmaker Vinfast says buys GM Holden's testing center
The VinFast logo is pictured on the second press day of the Paris auto show, in Paris, France, October 3, 2018. Photo: Reuters

HANOI — Vietnam’s first domestic car manufacturer, Vinfast, said on Wednesday it had bought GM Holden’s Lang Lang Testing Center in Australia, as part of its efforts to expand internationally. 

Vinfast, a unit of Vietnam’s largest conglomerate Vingroup JSC, did not give value of the deal. 

The purchase of the 872 hectare (2,155 acre) testing center in the Australian state of Victoria followed the company’s move to open a research and development center in Melbourne in June.

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Category : Real Estate News

 

 

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