With the selection of Vietnam’s northern Phu Tho province for its investment, the Deputy PM believed that the BYD Co. Ltd. will reap success.
Committing all possible support for the company, he hoped that its idea of cooperation to shift from electronics to automobile production will go smoothly, and BYD will create competitive products in international markets, targeting those with high standards. On back of Vietnam'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 Vietnam.
Wang, for his part, spoke highly of Vietnam’s business environment, especially in Phu Tho province where the company plans to invest in a factory specialising in tablet computer production. BYD vows to keep renewing its technology for sustainable development in the future, he said.
As BYD will 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 will 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 Vietnam, noting that biomass power has 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 Vietnam holds great potential to develop biomass power thanks to a large amount of unused agricultural and forestry by-products. In addition, biomass power also contributes to reducing emissions from coal-fired power plants with co-firing options, he said.
In the coming time, Erex will fully consider suggestions by the Deputy PM to launch projects on biomass fuel and building biomass power plants in Vietnam, he said.
