Vietnam, Venezuela finalise creation of joint venture

Buenos Aires (VNA) – Vietnam and Venezuela have successfully completed negotiations for a vehicle production joint venture in Venezuela, Cuba’s Prensa Latina news agency cited Venezuelan diplomatic sources as saying.

Trade agreements were reached between Vietnam’s Vinamotor company and a delegation from Venezuela's Ministry of Light Industry and Trade (Milco) during a visit to Vietnam recently.

Signed documents by the two sides include the creation of a joint venture for the construction of light duty trucks, motorcycles and a cement plant.

From now until May next year, Vinamotor will send experts to Venezuela to implement the projects.

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