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Reuters
Reuters
Business

Vietnam carmaker Vinfast says buys GM Holden's testing centre

FILE PHOTO: Labourers work at Vinfast auto plant on the occasion of its opening ceremony in Hai Phong city, Vietnam June 14, 2019. REUTERS/Kham

Vietnam's first domestic car manufacturer, Vinfast, said on Wednesday it had bought GM Holden's Lang Lang Testing Centre in Australia, as part of its efforts to expand internationally.

Vinfast, a unit of Vietnam's largest conglomerate Vingroup JSC <VIC.HM>, did not give value of the deal.

The purchase of the 872 hectare (2,155 acre) testing centre in the Australian state of Victoria followed the company's move to open a research and development centre in Melbourne in June.

(Reporting by Khanh Vu; Editing by Ed Davies)

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