Business

Deputy PM receives leaders of Chinese, Japanese companies

Deputy Prime Minister Tran Hong Ha hosted a reception in Hanoi on May 5 for Wang Chuanfu, Chairman of China’s BYD Co. Ltd., which holds high competitive edge in the field of new technology.
Deputy PM receives leaders of Chinese, Japanese companies ảnh 1Deputy Prime Minister Tran Hong Ha (R) and Chairman of China’s BYD Co. Ltd. Wang Chuanfu (Photo: VNA)

Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha hosted a reception inHanoi on May 5 for Wang Chuanfu, Chairman of China’s BYD Co. Ltd., which holds high competitive edge in the field of new technology.

Withthe selection of Vietnam’s northern Phu Tho province for its investment, the Deputy PM believed that the BYD Co. Ltd. will reap success.

Committingall possible support for the company, he hoped that its idea of cooperation to shiftfrom electronics to automobile production will go smoothly, and BYD will createcompetitive products in international markets, targeting those with highstandards. On back of Vietnam's advantages within the framework of new-generationfree trade agreements, he wished that the company would contribute to driving thedevelopment of supporting industries in Vietnam.

Wang, for his part,spoke highly of Vietnam’s business environment, especially in Phu Tho province where the company plans to invest in a factoryspecialising in tablet computer production. BYD vows to keep renewing itstechnology for sustainable development in the future, he said.

AsBYD will expand investment into electric automobile production and assembly with the besttechnology to supply the Vietnamese market and export to the Southeast Asian region, hewished for favourable conditions to complete investment procedures and quicklyput the electric car production and assembling project into operation. Alongwith that, BYD will establish a chain of supporting industrial enterprises forthe electric car project, he added.

On the same day, while receivingHonna Hitoshi, President and Representative Director of Japan’s Erex Co. Ltd., the Deputy PM hailed Erex’sdecision to invest in biomass power inVietnam, noting that biomass power has been included in Power DevelopmentPlan VIII as a fundamental renewable energy source for various projects.

Hesuggested Erex engage in treating solid waste and by-products in agriculture and forestry, and promoting environmental protection,afforestation and environmental treatment.

Hitoshi said Vietnam holds great potential to develop biomass power thanks to a large amount of unused agricultural and forestry by-products. In addition, biomasspower also contributes to reducing emissions from coal-fired power plants withco-firing options, he said.

In the coming time, Erex will fully consider suggestionsby the Deputy PM to launch projects on biomass fuel and building biomasspower plants in Vietnam, he said./.

VNA
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