Nissan, Tan Chong extend joint venture’s operations in Vietnam
Nissan, Tan Chong extend joint venture’s operations in Vietnam
A joint venture agreement between Japanese Nissan Motor and Edaran Tan Chong Motor to import and distribute Nissan vehicles, parts and accessories in Vietnam has been extended to September 30, 2020.
The joint venture, called Nissan Vietnam, yesterday announced that Nissan Motor and the subsidiary of Tan Chong Motor Holdings Berhad on September 6 had signed a deal to extend the agreement, originally scheduled to end on September 10, for one more year.
Accordingly, Nissan Vietnam will continue to import and distribute Nissan-branded vehicles and parts to the local market.
The one-year extension is expected to ease concerns among Nissan automobile owners whose vehicles are still under warranty, as Nissan Motor was quoted by The Star newspaper in late 2018 as saying that it would terminate the cooperation agreement with Tan Chong.
Tan Chong Motor Holdings Berhad, headquartered in Malaysia, is an investment holding company involved in the import, assembly and distribution of Nissan motor vehicles in Malaysia, Cambodia, Laos and Myanmar.
Nissan Vietnam started importing and distributing Nissan vehicles and parts to the local market from December 2009. One year later, it launched the local assembly of the Nissan Grand Livina model and developed a network of new exclusive Nissan dealerships nationwide.
The joint venture also imports and distributes various Nissan vehicle models to Vietnam, such as the Teana, Juke and X-Trail.
