Kumho to Set Up Plant in Vietnam

The Kumho Group plans to build a $100 million automobile tyre plant in Ho Chi Minh, the local Thanhnien news source has reported. Nguyen Huu Tin, deputy chairman of the People’s Committee, said the city had approved the project in principle and suggested a 30 hectare site in Cu Chi District. The plant, which will employ the latest technologies, will make products for both the domestic market and exports to neighbouring countries.