TCIE Viet Nam company, a member of Malaysia’s Tan Chong Motor Group, will build a new car factory in the Hoa Khanh Industrial Park in Da Nang from 2019 with total investment of 50 million USD.

A worker welds a car body at TCIE Viet Nam’s Nissan Automobile factory in the Hoa Khanh Industrial Zone

The city’s Investment Promotion Agency (IPA) confirmed to Viet Nam News that the company has completed procedures to soon commence the project.

The agency said TCIE Viet Nam had invested 55 million USD between 2013-2017 to produce the first locally-assembled Nissan Sunny and Nissan X-Trail SUV car models from the Da Nang-based factory – the first and only Nissan Sunny assembly plant in central Viet Nam.

In a meeting with the city’s leadership last month, TCIE said it would increase investment to 150 million USD in the coming years to promote production and sales of cars in the central and nationwide market.

TCIE said it sold 3,500 Nissan Sunny models in 2018 and contributed 2.2 trillion VND (97 million USD) to the city’s budget.

The company plans to produce 5,100 cars with an estimate contribution of 110 million USD to the city’s budget in 2019.

TCIE also plans to produce Nissan vans and Nissan trucks in the near future.

(Source: VNS/ DA NANG Today)