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Mitsubishi to establish electric cars factory in Vietnam
  • | VNS | July 19, 2017 04:01 PM
Mitsubishi Motors plans to produce electric cars using advanced technology in Vietnam, Osamu Masuko, its CEO, said to Prime Minister Nguyễn Xuân Phúc on Tuesday.



Prime Minister Nguyễn Xuân Phúc and Osamu Masuko, the CEO of Mitsubishi Motors. Vietnam will create favourable conditions for auto manufacturers to establish operations, as per the automobile industry development strategy.


Masuko said the car would be suitable for the Vietnamese market as its goal was efficient use of energy and environment protection.

The group wants to make more investments and expand in Vietnam, which has a population of more than 90 million people, an attractive investment environment, and is part of the ASEAN.

The Nissan-Mitsubishi alliance is scouting for a location in Vietnam to set up an automobile manufacturing factory, Masuko said.

Speaking at the meeting in Hanoi, Phúc said Vietnam would create favourable conditions for auto manufacturers to establish and operate their business, as per the automobile industry development strategy.

Phúc said he hopes Mitsubishi Motors, already a big investor in the ASEAN and Vietnam, would make more investments in the country and introduce highly competitive products such as the electric car so that both locals and the company gain from it and it meets the country’s demand for environment protection.

Vietnam expects automakers, including Mitsubishi Motors, to invest in modern manufacturing technologies, the PM said.

He emphasised that the partnership between Vietnam and Japan is important to both nations, and that Mitsubishi Motors’ investment is seen as progress concretised by the agreements signed between the two countries.

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