An automobile manufacturing line of the Trường Hải Automobile Joint-Stock Company at the Chu Lai-Trường Hải Industrial Complex in the central province of Quảng Nam. — VNA/VNS Photo Vũ Sinh

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc requested that ministries, sectors and localities adjust their policies to speed the development of the automobile and support industries.

In a report recently released by the Government Office – based on the proposals of the northern province of Ninh Bình, an automobile manufacturing hub – PM Phúc asked the ministries of Trade and Industry, and Finance and relevant agencies to review policies in order to promote the production of parts and engines.

PM Phúc also required the Ministry of Planning and Investment to adjust the foreign ownership cap in automobile joint ventures to not exceed 50 per cent.

These ministries were requested to co-operate with businesses to train a high-quality workforce in order to attract leading world automakers, research domestic and export markets to manufacture products that meet demand and set up a plan to export completed cars and auto parts.

As for a number of proposals from Ninh Bình Province including the expansion of Gián Khẩu Industrial Park, Phúc assigned the ministries of Natural Resources and Environment, and Planning and Investment to study the issues and report back to him.

Ninh Bình is one of the four largest automobile manufacturing hubs in Việt Nam, and is home to the production of Hyundai Thành Công Group. Others include the northern province of Vĩnh Phúc (home to production lines for Toyota and Honda), the northern city of Hải Phòng (VinFast) and the central province of Quảng Nam (Thaco). — VNS