Auto industry crucial to Vietnam’s industrial development: PM

The automobile industry, which is a high-tech industry, holds an important role to the industrial development of the country, Prime Minister Nguyen Xuan Phuc has said.
Auto industry crucial to Vietnam’s industrial development: PM ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the working session (Photo: VNA)
Hanoi (VNA) – The automobileindustry, which is a high-tech industry, holds an important role to theindustrial development of the country, Prime Minister Nguyen Xuan Phuc hassaid.

The PM made the statement in Hanoi on March12 while presiding over a working session with representatives of competentagencies, businesses and localities, looking to tackle difficulties in thedevelopment of Vietnam’s automobile industry.

At the event, participants affirmed thesignificance of the automobile industry to the country’s development, addingthat automobile centres have greatly contributed to the state budget collectionof respective localities.

They voiced their hope that the governmentwill issue more incentives to facilitate the support industry to serve the domesticcar assembling and manufacturing sector, which is expected to attract major carcompanies of the world and connect domestic firms investing in the sector.

PM Phuc highly valued the recent investmentof automobile manufacturers, particularly in car assemblage and auto spare partsmanufacturing, contributing to the establishment of several major auto centresin the country, including those of Truong Hai Corporation, Thanh Cong Group,and VinGroup’s VinFast.

He stressed the need of incentives tofoster the more vigorous development of Vietnam’s automobile industry,especially in the support industry and spare parts manufacturing, meeting notonly domestic but also export demands.

Therefore, he asked competent agencies tofurther complete policies on the support industry, notably spare part and carengine manufacturing. The government will create optimal conditions for firmsinvesting in the field, he pledged.

The PM also urged domestic manufacturers tocarry out more innovative ideas and devise suitable strategies and actions, aswell as focus on high quality human resources training to attract car companiesacross the world.

Domestic firms were also advised to conductmarket research to launch products in line with demand, while ensuring cleanenvironments for local people. –VNA
VNA

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