Triumph Motorcycles eyes investment in Vinh Phuc

09:48 | 18/09/2017 Investment

A delegation from Triumph Motorcycles has visited the northern province of Vinh Phuc to explore investment opportunities.

Le Duy Thanh, Vice Chairman of the provincial People’s Committee and Jamie Looker, Triumph Motorcycles Chief Operating Officer - Source: baovinhphuc

The company plans to build a factory manufacturing high-end motorbikes in the locality, according to the provincial People’s Committee.

During a working session with local authorities, Jamie Looker, Triumph Motorcycles Chief Operating Officer, said the company, established in 1884, currently has factories around the world with the growing market share.

The company plans to launch a showroom in Ho Chi Minh City by the end of this year, he added.

Le Duy Thanh, Vice Chairman of the provincial People’s Committee pledged that the province will create favourable conditions for the UK firm to build the factory.

He briefed the guests on local potential and advantages in economic development, investment attraction and industrial development, particularly in the automobile and motorbike industry, which has made a significant contribution to the province’s budget.

The province is home to several major automobile and motorbike firms’ factories, including Honda, Toyota, and Piaggio, and other spare part factories.

Theo VNA