BMW Will Start To Make Cars In Vietnam

BMW Group will be partnering with Truong Hai Auto Corporation (THACO) to locally produce BMW Vehicles in Vietnam. The co-operation will extend BMW Group’s production network for vehicles in Asia, which now includes BMW Group Plants in India and Thailand, Joint Venture plants in China, and Partner Plants in Malaysia, Indonesia and now Vietnam.

“This is a major milestone for the BMW Group in Asia Pacific as we look to strengthen our geographic footprint in the region,” said Michael Nikolaides, Senior Vice President BMW Group Production Network, Supply Chain Management. “With this decision, the BMW Group once again is applying its strategic principle of production follows the market”. BMW Group strives for balanced growth in all markets and continents. Fast-growing emerging economies play a central role for the Group.

“It has been nearly five years since we relaunched the BMW brand in Vietnam and brought THACO on board as the official importer of BMW vehicles in the market. We have cultivated a strong relationship with the THACO team during this time, and their experience and commitment to growing the brand is evident,” said Lars Nielsen, Managing Director, BMW Group Asia.

“There is long-term growth potential in the Vietnam market, and we are excited to take this next step with THACO to locally produce some of our most popular models – including the BMW 3 Series, BMW 5 Series, BMW X3 and BMW X5. We are also eager to bring our customers in Vietnam the very best of BMW, proudly produced in the heart of the country.”

BMW Group’s production network totals over 30 locations all over the world. These comprise of BMW Group plants as well as vehicle plants and a powertrain plant.