Updated Thursday, June 25, 2009 10:45 am TWN, AFP

Italy's Piaggio opens first Vietnam Vespa factory

BINH XUYEN INDUSTRIAL ZONE, Vietnam -- Italian scooter maker Piaggio on Wednesday opened its first factory in Vietnam, lured by the country's lower production costs, young population and growing economy.

The factory, in Vinh Phuc province near the capital Hanoi, will have a production capacity of 100,000 Vespa scooters by 2012, the company's president Roberto Colaninno said.

The communist country is a good production base for the region because it has 50 million people under 30 years of age, good industrial experience and a domestic scooter market that grows by two million every year, Colaninno said.

Piaggio hopes to ultimately export the Vietnamese-made scooters to elsewhere in Southeast Asia and even to the United States.

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June 26, 2009 nooora61@

I'm so happythat piaggio open the first factory in south east asia. It's only produced new scooter or all types? And what about the accesories? And the spare parts too?

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