PM visits Hyundai Thanh Cong Auto Company in Ninh Binh

Photo: VGP/Quang Hieu

The PM hailed the business’ efforts in realizing the strategy for Viet Nam's automobile industry development and its investment of around US$ 500 million in establishing an automobile production complex in Gian Khau Industrial Park, which will create 8,000 jobs.

He appraised the corporation’s contribution of VND7,000 billion to the State budget in 2016.

By 2018, import tax on cars may be down to 0%, the PM noted, asking the corporation to overcome obstacles and difficulties.

He expected that the corporation will make efforts to produce necessary and crucial accessories and engines, head to new export markets, set up a professional staff and join the automobile manufacturing value chain.

PM Phuc required leaders of Ninh Binh Province to facilitate businesses operating in automobile manufacturing.

By Thuy Dung