Work starts on automobile supporting industry complex in Quang Ninh

The People’s Committee of the northeastern province of Quang Ninh on September 22 held a ground-breaking ceremony for an automobile supporting industry complex of Thanh Cong Group JSC.

Tuesday, September 22, 2020 19:39

Work starts on automobile supporting industry complex in Quang Ninh ảnh 1

At the ground-breaking ceremony (Photo: VNA)

Quang Ninh (VNA) – The People’sCommittee of the northeastern province of Quang Ninh on September 22 held aground-breaking ceremony for an automobile supporting industry complex of ThanhCong Group JSC.

Speaking at the ceremony, Deputy Prime Minister TrinhDinh Dung emphasised the significance of the auto industry to turning Vietnaminto a modernity-oriented industrialised country.

The Vietnamese government aims to have Vietnamese carbrands, he said, adding that it has encouraged and facilitated theproduction of Vietnamese cars with the high ratio of locally-produced components.

The government has devised many policies to promotethe development of the supporting industry in general and that serving auto manufacturingand assembly in particular, the Deputy PM noted.

On September 18, Quang Ninh granted licences twocomponent projects of the automobile supporting industry complex, with totalregistered capital amounting to 5.3 trillion VND (228.35 million USD).

The complex is expected to attract businessesoperating in the automobile supporting industry, especially technology-intensiveareas, thus promoting cooperation and connectivity between firms in thesector./.

VNA

#Quang Ninh #Thanh Cong Group JSC #automobile supporting industry complex #locally-produced components #Vietnam #VietnamPlus #Vietnam news Quang Ninh

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