Work starts on automotive industry support complex in Quang Ninh

Tuesday, 2020-09-22 16:56:37
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The ground-breaking ceremony of the automotive industry support complex (Photo:VGP)
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NDO – The People's Committee of Quang Ninh province on September 22 started work on the automotive industry support complex of the Thanh Cong Group Joint Stock Company.

At the ground-breaking ceremony, Deputy Prime Minister Trinh Dinh Dung said that in this period of accelerating national industrialisation and modernisation, the 10-year socio-economic development strategy (2011-2020) and the draft on the 10-year socio-economic development strategy (2020-2030) of the 13th National Party Congress Vietnam are together continuing to affirm the goal of bringing Vietnam into the realms of a modern industrial country.

In order to achieve the goal, Vietnam should step up the development of a number of key industries; including the auto industry. This is a "synthetic" industry of many other industries such as mechanical engineering, automation, electronics, new materials, leather production and high quality wood.

The Government's goal is to have Vietnamese brand cars and to have cars made in Vietnam that are of a high quality, beautiful, and sufficiently attractive to convince Vietnamese consumers to use them.

The Deputy Prime Minister noted that it is necessary to change the approach of the automobile industry, instead of setting localization targets that are not close to reality, better to work with a harmonious approach towards the global value chain.

The Government encourages and is creating conditions for Vietnamese enterprises to research and develop Vietnamese car models with a high localization rate.

Previously, on May 11, 2018, the People's Committee of Quang Ninh province and Thanh Cong Group Joint Stock Company signed a strategic cooperation agreement on research and investment in the construction of the Centre of production, assembly and support industry for large-scale auto component production in Quang Ninh. Thanh Cong Group will conduct the research, planning and investment in the Viet Hung Industrial Park project in Viet Hung ward, Ha Long city with a size of 340 hectares.

Thanh Cong Group Joint Stock Company has completed its application for an Investment Registration Certificate for the two projects of Thanh Cong Viet Hung Automobile Supporting Industry Complex with total registered investment capital of over VND5.3 trillion. On September 18, Quang Ninh province held a ceremony to present the Investment Registration Certificates for the two projects.

With a strategic location, located on the banks of Cua Luc Bay, convenient for both domestic and international trade, the complex is expected to be the place to attract many businesses into the automotive industry support sector . The project will create co-operation, association and specialisation between businesses in the industry.