The decision signed by Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on January 20 reaffirms the city’s commitment to supporting long-term foreign direct investment enterprises locally.
According to a decision, Mercedes-Benz Vietnam Co. , Ltd. will work for five years, as of April 14, 2025.
Mercedes-Benz Vietnam, a subsidiary of the Mercedes-Benz AG Group, manufacturers and passengers in Vietnam. The company leads the luxury car segment in Vietnam by a wide margin, with approximately 7,000 cars delivered and 70,000 service flows across its distribution network in 2019.
Mercedes-Benz Vietnam, a joint company between Saigon Transportation Mechanical Corporation (Samco) and Mercedes-Benz Group AG, Factory and Caravas Services in Vietnam. According to the Mercedes-Benz website, the company runs the luxury car in Vietnam.
The Department of Planning and Investment reported that Mercedes-Benz Vietnam that is employing approximately 800 workers, has demonstrated strong growth in recent times. Between 2017 and 2021, the firm achieved an average annual revenue of over VND9,000 billion and contributed more than VND5,500 billion annually to the city’s coffers.