Japanese carmaker Nissan has announced it will officially cut ties with its current distributor in Vietnam, Tan Chong, at the end of September.
Both sides said they will part ways on September 30, ending all their partnerships in the production and distribution of Nissan vehicles for the Vietnamese market.
Before ending ties with Malaysian-owned Tan Chong Motor Holdings, the automaker put Nissan X-Trail and Sunny models on clearance discount to try and sell its remaining inventory of vehicles assembled in Da Nang City.
Tan Chong, a multinational corporation based in Malaysia, is not only the official distributor of Nissan in Malaysia and Vietnam, but also in Laos, Cambodia, and Myanmar.
A representative of Tan Chong in Vietnam told local media that sales of Nissan models in Vietnam will still happen as usual until the official termination of the joint venture. Local dealerships will continue to provide warranty and technical support services for customers post-purchase.