Việt Nam News

VN auto industry banking on foreign investors: PM

July 19, 2017 - 10:35

Việt Nam’s development strategy for the auto industry involves facilitating investors’ engagement in the effort, Prime Minister Nguyễn Xuân Phúc said yesterday.

Prime Minister Nguyễn Xuân Phúc (R) receives Osamu Masuko, Chief Executive Officer of Mitsubishi Motors Corp, in Hà Nội yesterday. — VNA/VNS Photo Thống Nhất

HÀ NỘI — Việt Nam’s development strategy for the auto industry involves facilitating investors’ engagement in the effort, Prime Minister Nguyễn Xuân Phúc said yesterday.

Receiving Osamu Masuko, Chief Executive Officer of Mitsubishi Motors Corp, in Hà Nội yesterday, he lauded the corporation’s plan to increase its investment in Việt Nam, particularly in promoting green designs in the market.

He said he looks forward to the company making further investment in modern assembling technology and boosting the sale of its electric vehicles in Việt Nam, contributing to the country’s environmental protection efforts.

The expansion plans of Mitsubishi Motors also helped realize agreements reached by Vietnamese and Japanese leaders to strengthen bilateral partnership, Phúc said.

Osamu Masuko said Mitsubishi had received significant support from Vietnamese authorities during the 20 years it operated in the country.

He said electric cars would be particularly suitable for the Vietnamese market, given their energy efficiency and environmental friendliness.

He said the corporation intended to scale up its investment in Việt Nam and in the ASEAN region, and revealed a Nissan-Mitsubishi joint venture plan to build a factory in the country. — VNS

Tags Nguyen Xuan Phuc Mitsubishi Vietnam

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