Deputy PM receives leaders of Chinese, Japanese companies

May 8th at 08:15
08-05-2023 08:15:13+07:00

Deputy PM receives leaders of Chinese, Japanese companies

Deputy Prime Minister Tran Hong Ha hosted a reception in Ha Noi on Friday for Wang Chuanfu, Chairman of China’s BYD Co. Ltd., which holds high competitive edge in the field of new technology.

Deputy Prime Minister Tran Hong Ha (right) on Friday had talks with Wang Chuanfu, Chairman of China’s BYD Co. Ltd., — VNA/VNS Photo

With the selection of Viet Nam's northern province of Phu Tho for its investment, the Deputy PM believed that the BYD Co. Ltd. would reap success.

Committing all possible support for the company, he hoped that its idea of cooperation to shift from electronics to automobile production would go smoothly, and BYD would create competitive products in international markets, targeting those with high standards. On the back of Viet Nam's advantages within the framework of new-generation free trade agreements, he wished that the company would contribute to driving the development of supporting industries in Viet Nam.

Wang, for his part, spoke highly of Viet Nam's business environment, especially in Phu Tho Province where the company plans to invest in a factory specialising in tablet computer production. BYD vowed to keep renewing its technology for sustainable development in the future, he said.

As BYD would expand investment into electric automobile production and assembly with the best technology to supply the Vietnamese market and export to the Southeast Asian region, he wished for favourable conditions to complete investment procedures and quickly put the electric car production and assembling project into operation. Along with that, BYD would establish a chain of supporting industrial enterprises for the electric car project, he added.

On the same day, while receiving Honna Hitoshi, President and Representative Director of Japan’s Erex Co. Ltd., the Deputy PM hailed Erex’s decision to invest in biomass power in Viet Nam, noting that biomass power had been included in Power Development Plan VIII as a fundamental renewable energy source for various projects.

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

Hitoshi said Viet Nam held great potential to develop biomass power thanks to a large amount of unused agricultural and forestry by-products. In addition, biomass power would also contribute to reducing emissions from coal-fired power plants with co-firing options, he said.

In the coming time, Erex would fully consider suggestions by the Deputy PM to launch projects on biomass fuel and building biomass power plants in Viet Nam, he said.

Bizhub





NEWS SAME CATEGORY

Nearly 85 per cent of FDI enterprises use outdated technology

Nearly 85 per cent of FDI enterprises are still using outdated technology, which is a challenge for the Vietnamese economy in its efforts to realise the goal of net...

Vietnamese market traders in Russia report low sales as economic growth slows

A Vietnamese diplomatic delegation on Saturday afternoon visited a Russian market and met with overseas Vietnamese traders there to be briefed on their business...

Vietnam, Luxembourg boost trade, investment cooperation

The business event allows companies from both nations to exchange information and forge new alliances for future cooperation.

Vietnamese Gov’t disburses $3.7 billion for socio-economic recovery

Efforts to improve social security and people's living standards will continue to be the government's focus.

Viet Nam continues to face challenges in Q2/2023: HSBC

After a sluggish GDP performance in the first quarter this year, Viet Nam is still not out of the woods yet. In particular, it has not seen the light at the end of...

Viet Nam’s e-commerce market to reach $20 billion by year end

Viet Nam’s e-commerce market is forecast to increase by 25 per cent to US$20 billion by year end, according to a report on the Viet Nam E-Business Index (EBI) 2023...

Viet Nam posts trade surplus of $6.35 billion in Q1

Viet Nam was commercially riding high in the first quarter of 2023 with a trade surplus of US$6.35 billion, according to the General Statistics Office.

Optimism rises for stellar EU investment across Vietnam

The future of EU investment in Vietnam looks promising, with many opportunities in digitalisation, renewable energy, and sustainable development.

Bac Giang grants licences to projects worth 132 million USD

The authorities of the northern province of Bac Giang on May 4 presented certificates recognising investment registration to two Singaporean-funded projects worth...

Vietnam-US bilateral trade soars 300-fold since normalization of ties

Close to 30 years has passed since Vietnam and the U.S. normalized ties, their two-way trade rose over 300-fold to US$138 billion in 2022 from $450 million in 1995.


MOST READ


Back To Top