A car manufactured at Huyndai Thanh Cong (Photo: VNA)Ninh Binh (VNA) - Auto manufacturer Thanh Cong Group has set itself a target ofproducing 75,000 motor vehicles this year, raising its production rate to 11.3 per hour.
A representative fromthe manufacturer revealed the information during a working session with a delegation fromthe Ninh Binh Party Committee on February 18 at the Hyundai Thanh Cong facilityin the northern province’s Gian Khau Industrial Park.
Despite thenegative impact of COVID-19 last year, Thanh Cong Group manufactured inexcess of 66,800 passenger vehicles, excluding coaches, at a rate of 11 perhour. The facility has 3,163 employees in total.
This year the groupwill focus on the construction of its Hyundai Thanh Cong 2 plant (HTMV 2),which is projected to be completed in July next year, and will push ahead with itsdigital transformation efforts.
During the workingsession, Secretary of the Ninh Binh Party Committee Nguyen Thi Thu Ha spoke highlyof the achievements of Thanh Cong Group last year, particularly inautomobile manufacturing, which affirmed its position as having the largestshare in Vietnam’s auto market.
Local authoritieswill work to complete institutions and policies to facilitate the development of companiesin the province, she pledged.
Thanh CongGroup’s auto manufacturing revenue accounted for 30.8 percent of Ninh Binh’sindustrial production value last year. The province posted economic growth of6.35 percent for the year, placing it among the country’s top 10 and ranking itfourth in the Red River Delta./.
VNA
