Vietnam's Geleximco Group cooperates with Chinese companies to build auto parts factory

Vietnam's Geleximco Group has reached a cooperation agreement with Yuanxin Industrial Investment Co., Ltd. and Baixun Technology Co., Ltd., subsidiaries of China's Liuzhou Golden Sun Group, to build an auto parts factory in Thai Binh Province, Vietnam with a total investment of US$400 million. The project is expected to start in 2026 and be put into production in October 2027, with an annual production capacity of 50,000 auto parts.