Where do you go to sell your motorcycles when the world economy is down? You head east, to Asia, which is what Honda is doing as it considers building a third plant in Vietnam. In an announcement from Honda Vietnam Co.Ltd. the company will increase both car and motorcycle production by another 500,000 units a year, thanks to a third assembly facility in the country.

In incredible figures, the production from Honda Vietnam has been growing since 1997 and now stands at two million units a year, and that’s mostly for local market consumption. Vietnam is the world’s fourth largest motorcycle market, behind China, India and Indonesia. And you can trust that the Japanese entrepreneurs will take advantage of that - after all, Honda Vietnam has experienced year-on-year sales growth for the last 14 years and there’s not many currently who can boast that kind of market advantage.

Source | MarketWatch

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