The Vietnamese and Russian governments signed an agreement to manufacture trucks in this Southeast Asian country and sell them to domestic and regional markets. ? Russian truck manufacturers, including Kama Automobile Factory, will have to transfer technology and skills to Vietnam to assist in production and localized maintenance and support services. The two sides will also look forward to entering the export market in Southeast Asia. ? The agreement provides Russian automakers with the opportunity to establish joint ventures with local enterprises to produce trucks, multi-purpose vehicles and special vehicles. ?

The agreement also aims to take advantage of the newly relaxed tax regulations. The new tax law implemented by the Vietnamese and Russian governments in 20 18 tried to promote trade between the two countries. ? In a comment on Russian state news agency TASS on 20 17, Sergei Kogogin, general manager of Kama Automobile Factory, said that the company would increase the production speed of its existing Vietnamese factory. He said that the company is looking for opportunities in Cambodia and Laos. ?

The production plant of Kama Automobile Factory in Vietnam belongs to the joint venture VMIC. The joint venture was established in 2003 by Kama Automobile Factory and Vietnam Coal and Mineral Industry Group, a state-owned enterprise in Vietnam. Kama Automobile Factory also runs another joint venture in Vietnam, providing military maintenance and support services. ? At the same time, the relationship between Vietnam and Russia is closer than that between Vietnam and the United States, although the United States announced the complete lifting of the arms ban on Vietnam.

However, there may be certain conditions attached to the purchase of its arms sales to Vietnam. Kama Automobile Factory also runs another joint venture in Vietnam, providing military maintenance and support services.