Grand Opening Ceremony for YamahaMotor Vietnam

Yamaha Motor Vietnam Co., Ltd. (President: Takahiko Takeda) had a grand opening ceremony at the company in Soc Son District, Hanoi City on December 3, 1999.

The ceremony was attended by some 200 distinguished guests, including the Vice Minister, Ministory of Industry and the Vice Minister, Ministry of Agriculture and Rural Development, and other government officials from agencies like the People's Committee of Soc Son, Hanoi, representatives of the various national embassies, local business associates and dealer representatives. The ceremony began with messages of congratulation from the various dignitaries and speeches by Yamaha Motor Vietnam's president and YMC's president, and then proceeded to a tape cutting and tour of the new factory. At the reception that followed, Yamaha Motor Vietnam announced that it was building a nursery school to donate to the local Soc Son District of Hanoi where the factory is located. The contents of the plans presented to the District officials stated that the building was planned for completion by spring of next year.

Yamaha Motor Vietnam (YMVN) is a joint venture company with a capital of US$24.25 million (approx. 2.6 billion yen) and YMC has invested 46%. The new factory is located on a 10 hectare site in the Soc Son District, about 45 km north of the city center of Hanoi. It employs about 200 people and, in addition to its engine and chassis assembly lines, is also equipped with welding and painting facilities. After the Vietnamese government issued official approval for YMVN, preparations for the full-scale start of business operations have proceeded, including construction of the company's factory, product design and develoment and trial production and building a sales network. And, with the line-off the first unit of the company's 4-stroke 102cc underbone type sports model "SIRIUS" on October 7, mass production has now gotten under way.
The SIRIUS model being manufactured here has a first-year local parts supply ratio of 32% and plans call for the production of 3,000 units from Oct. to Dec. of this year and 20,000 units in the year 2000. Long term, YMVN plans to be manufacturing a variety of models with a total production of 250,000 units after ten years of operations.

" This truly marks the start of full-fledged activities in Vietnam for Yamaha Motor, the "company that creates "Kando" (Japanese for the simultaneous feelings of excitement and deep satisfaction). From now on we intend to plant our roots firmly in Vietnam and, keeping a sensitive eye on the changes of the times and the market, dedicate the resources of our worldwide group to building products that exceed the expectations of the customers. At the same time, we will strive, through these products, to enrich people's lives while also contributing to the local society."