Transmashholding maintains interest in Vietnamese market for potential business

ST. PETERSBURG. April 1 (Interfax) - Transmashholding (TMH) maintains interest in the Vietnamese market, company CEO Kirill Lipa told Interfax on the sidelines of the International Transport and Logistics Forum on Wednesday.

Lipa said that TMH is currently monitoring the global situation in response to possibly entering other potential international markets.

"We have no plans to enter any other markets. We are monitoring the situation under current conditions," Lipa said.

Lipa reported on TMH's interest in Vietnam a year ago, when the company had no projects in the country, and Vietnam itself had plans to build a second metro line.

"Overall, Vietnam is a country where we would like to have some presence. We will see what projects we could undertake. In addition to supplying rolling stock, we could also do upgrading, repairs, and supply some equipment for railways, including signaling systems, or traffic management. We do not have any business here yet, though we are generally trying to do something in the Asian region, in India and China, for example," Lipa said.

Headquartered in Moscow, TMH is the largest manufacturer of rolling stock for railway transport in Russia, comprising production and assembly sites domestically and operations 30 other countries.