Prime Minister Nguyen Xuan Phuc has just hosted Mitsubishi Motors CEO, Osamu Masuko to discuss opportunities to develop and maintain the growth of the country’s auto industry.
Osamu Masuko said that Mitsubishi Motors already produces the popular Pajero Sport at its Vietnamese plant in Binh Duong province and has been producing locally for 20 years with effective business operation and receives support from Viet Nam’s competent authorities.
Osamu Masuko also announced during a meeting with Vietnamese Prime Minister that Mitsubishi - Nissan joint venture plans to produce electrics cars using advanced technology in Vietnam.
Electric cars, according to the CEO, are suitable for the Vietnamese market and will contribute to the country's environmental protection efforts.
As a pioneer of electric vehicles and the number one in plug-in hybrids, Mitsubishi Motors is ready to share its experience and knowledge to realize more environmental friendly automotive solutions for Vietnam.
Mitsubishi Motors has traded in ASEAN’s market for many years and Vietnam is the fourth market in a central focus of its growth strategy in the region. Nissan-Mitsubishi joint venture plans to build a plant in Vietnam, with intentions to scale up investments in Vietnam and the ASEAN region.
Prime Minister consented to Mitsubishi Motors’ strategies on investment expansion in Vietnam as well as development of environmentally-friendly and cost-effective auto products in the Viet Nam’s market.
Phuc pledged to create "favorable conditions for auto manufacturers" that are looking to establish and operate their businesses in Vietnam. The Government expects other automakers will also invest in modern manufacturing technologies.
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