Viet Nam Motors Industry Corporation (Vinamotor) was awarded the Ho Chi Minh Medal on its 10-year anniversary in Ha Noi Thursday.
A truck produced by Vinamotors
The annual award recognizes individuals, companies and organizations that have made significant contributions to the development of Vietnamese society.
Vinamotor’s capital has increased from VND115 billion up to VND10 trillion over the past 10 years, a 45 per cent annual increase.
The corporation's industrial production of buses, passenger lorries, trucks makes up 80% of the market share, a significant amount of which is exported to South American countries.