PM hopes for Vingroup’s contributions to domestic auto industry

10:42 | 14/05/2018 Car & Motor

Prime Minister Nguyen Xuan Phuc expressed his hope that Vingroup conglomerate will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex.

PM Nguyen Xuan Phuc at the construction site of VinFast automobile and electric motorbike manufacturing complex - Photo: VNA

During his field trip to the complex located at the Dinh Vu-Cat Hai industrial park in the northern port city of Hai Phong on May 13, the PM said Vingroup’s auto production will help build a self-control economy for the country.

Building a self-control economy is an important orientation set by the Party and the State, the leader stressed, saying he hopes that Vingroup will reap successes in this field as the conglomerate is on a right track.

He lauded the group for breakthroughs it has made during the implementation of the project.

Vingroup is expected to make public the first electronic motorbikes in September 2018. Meanwhile, its SUV and Sedan automobiles are scheduled to be introduced to the market in the second quarter of 2019. VinFast is expected to heat up the local market with electronic automobiles in the end of 2019.

PM Phuc also applauded VinFast’s efforts to build an ecological system for the domestic auto manufacturing sector by zoning off 70 hectares of land for a support industry area to attract factories specialising in producing spare parts, as well as its contributions to training Vietnamese workers.

Eight companies have signed contracts with VinFast to set up factories in the area, with four of them invested by VinFast.

Covering a total area of 335ha, VinFast is projected to be put into operation in June 2018. VinFast has negotiated and signed agreements with the world’s leading companies to provide it with production lines, equipment and machines.

Theo NDO/VNA