Tan Chong prospects in Vietnam brighten

Kenanga Research said it is cautious on Tan Chong’s prospects.

PETALING JAYA: The right to distribute GAC Motor International Co Ltd’s vehicles in Vietnam secured by Tan Chong Motor Holdings Bhd will help to fill the gap left by the termination of its MG vehicle distributorship in that country in June last year, says Kenanga Research.

The exclusive three-year agreement of distribution and service with GAC will see Tan Chong importing, distributing and selling GAC vehicles and spare parts, as well as provide after-sales services for GAC vehicles in Vietnam.