The host official applauded Hyundai’s fruitful investment and business activities in Vietnam over the past few years, including its cooperation with the Truong Hai and Thanh Cong groups to manufacture, assemble, and distribute automobiles.
The Deputy PM hoped that Hyundai would continue cooperating with and transferring technologies and management skills to its Vietnamese partners, and raise the rate of locally-made components in its automobiles to at least 40%.
He reiterated that the Vietnamese Government always supports and creates optimal conditions for domestic and foreign investors, including those from the RoK, to expand investment and business activities.
At the meeting, the Hyundai executive said his group highly values the Vietnamese Government’s determination and policies to help develop the auto industry.
He affirmed that Hyundai has serious and major plans to invest, transfer technologies, and develop auto manufacturing in the country.