Vietnam venture

Daimler-Benz AG chairman Edzard Reuter said his company plans to invest DM250m over five years in a joint-venture vehicle assembly line and in two other infrastructure projects in Vietnam.

Daimler-Benz plans to build a plant in Ho Chi Minh City to assemble Mercedes cars and small trucks, construct four exhibition centres as well as a joint venture tranformer project in Hanoi.