Michelin Establishes Presence in Vietnam

Vietnam Business Finance News has reported the opening of Michelin operations in Vietnam. The website states the French tyre major is establishing a presence within the country in order to take advantage of Vietnam’s rapidly increasing demand for radials.

Speaking at the opening ceremony held on November 3 in Hồ Chí Minh City, Jean Dominique Senard, managing partner of Michelin Viet Nam Co Ltd, said the company planned to offer a comprehensive line of products and high-quality services using “world-leading technologies.” According to Senard, the company’s entry into Vietnam follows the company’s success in other Southeast Asian markets, and plans are afoot for a further expansion throughout Vietnam.