VEAM Corporation to liquidate all truck inventories by year end following financial collapse
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By Will Pulson - 22nd October 2024
VEAM to liquidate all truck stocks
Vietnam - Vietnam Engine and Agricultural Machinery Corporation (VEAM Corporation), headquartered in Hanoi, a subsidiary of VEAM Corporation, said it aims to sell off all remaining inventories at its troubled VEAM Motors truck and agricultural machinery subsidiary by the end of the year.
Management at the factory of VEAM Corporation in Thanh Hóa, which had ceased operations some time ago following crippling financial losses, had attempted to liquidate its truck and agricultural machinery inventories through several auctions during the last few years without success.
