Today Honda cuts the ribbon and opens up its first automobile production plant in a suburb outside of Hanoi, Vietnam. The Honda Vietnam Co. (HVC) factory has the capacity to build engines, weld, paint and assemble whole vehicles, with a projected output of up to 10,000 vehicles per year. Currently, the plant is equipped to produce the new Civic sedan, although its not said for which markets.

Honda has had a manufacturing presence in Vietnam since 1997, when it began production of motorcycles, many of which found owners in cities and towns throughout Vietnam. That sales capacity is now extending to automobiles, with four newly established dealerships within the country. Although car sales are still rare, with 35,000 units being sold in 2005, the jobs created by the factory and a burgeoning economy may force that figure upwards throughout the coming decade.

[Source: The Auto Channel]