HANOI — Transport Industry Corp. (Transinco) is aiming to strike back at the competitive threat from foreign automakers in the country by unveiling plans for five locally invested projects that will produce substitutes for imported vehicles, published reports here say. The company's general director, Nguyean Vaen Khoa, says in a news agency report that the five projects, with total capitalization of US$100 million, are aimed at breaking the stranglehold of foreign firms on the automobile, ...
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