Vietnam welcomes investment from foreign automakers

Prime Minister Nguyen Xuan Phuc shakes hands with Osamu Masuko, Chief Executive Officer at Mitsubishi Motors Corp (Photo: VNA)

Hanoi (VNA) – Vietnam’s strategy for the auto sector’s development aims at facilitating
investors’ engagement in the effort, stated Prime Minister Nguyen Xuan Phuc.

made the remark while receiving Osamu Masuko, Chief Executive Officer at
Mitsubishi Motors Corp, in Hanoi on July 18.

Phuc lauded the corporation’s plan to increase capital in Vietnam, particularly
in promoting green designs in the market.

said he is looking forward to the company’s further investment in modern
assembling technology and its sales of electric vehicles in Vietnam, which
would contribute to the country’s environmental protection efforts.

Motors’ expansion also helps realize agreements made by Vietnamese and Japanese
leaders on strengthening the bilateral partnership, Phuc stressed.

his part, Osamu Masuko said Mitsubishi has received significant support from
the authorities during its 20 years of operation in the country.

said electric cars are particularly suitable for the Vietnamese market due to
their energy efficiency and environmental protection.

highlighted the corporation’s intention to scale up its investment in Vietnam
and in the ASEAN region and revealed that a Nissan-Mitsubishi joint venture has
planned to build a plant in the country.-VNA

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