Commencement of the VINFAST Automobile Production Complex project

On the morning of September 2, Vingroup started construction on the VINFAST automobile production complex project in Dong Bai commune (Cat Hai district, Dinh Vu - Cat Hai Economic Zone, Hai Phong).

Attending the groundbreaking ceremony, on the Central side were comrades: Nguyen Xuan Phuc, Politburo member, Prime Minister; Nguyen Hoa Binh, Secretary of the Party Central Committee, Chief Justice of the Supreme People's Court; Comrades of the Party Central Committee: Mai Tien Dung, Head of the Government Office; Truong Quang Nghia, Minister of Transport; Tran Hong Ha, Minister of Natural Resources and Environment; Tran Tuan Anh, Minister of Industry and Trade; Nguyen The Ky, General Director of Voice of Vietnam; Major General Vu Hai San, Commander of Military Region Three; Deputy Ministers of Construction and Ministry of Transport; Deputy Inspector General of the Government; Deputy General Director of Vietnam Television; Leaders of ministries, departments, central branches...

On the side of Hai Phong city, there were comrades: Le Van Thanh, Member of the Party Central Committee, Secretary of the City Party Committee, Chairman of the City People's Council; Nguyen Thi Nghia, Permanent Deputy Secretary of the City Party Committee, Head of Hai Phong National Assembly Delegation; Nguyen Van Tung, Deputy Secretary of the City Party Committee, Chairman of the City People's Committee; former city leaders from different periods; Comrades, members of the Standing Committee of the City Party Committee; Vice Chairman of the People's Council and City People's Committee; Deputy Head of Hai Phong National Assembly Delegation; leaders of departments, branches, branches, districts; People's representative of Dong Bai commune, Cat Hai district.

On the investor side are Mr. Pham Nhat Vuong, Chairman of Vingroup and foreign partners.

 

Prime Minister Nguyen Xuan Phuc and delegates kicked off the project.

According to Vice President of Vingroup Nguyen Viet Quang, with this event, Vingroup officially launched the 7th core business field with the goal of becoming the leading automobile manufacturer in Southeast Asia, with designed capacity. up to 500.000 vehicles/year by 2025, key products are internal combustion engine cars, cars using electric engines and environmentally friendly electric motorbikes.

Phase 1, the factory will produce a 1-seat sedan model; 5 1-seat SUV and electric motorbike model according to top European quality standards, expected capacity of 7 - 100.000 vehicles/year. The first VINFAST product that will be launched within the next 200.000 months is an electric motorbike and after 12 months will be a car. The entire production process is located at VINFAST Hai Phong Factory, with an area of ​​24 hectares, including 335 main workshops. In particular, important components such as the engine and main structural system will be purchased and designed from leading European and American designers. The car's design is created by famous Italian studios - which create luxury designs for Alfa Romeo, Aston Martin, Audi, Bentley, BMW, Cadillac, Ferrari, Jaguar, Lamborghini, Mercedes-Benz, Porsche. , Rolls-Royce…

With the policy of embracing technology and being environmentally friendly, VINFAST will apply the world's most modern technology in production, ensuring strict emission standards of Euro 5.0 and Euro 6.0; At the same time, give maximum priority to using green energy in the production process at the factory. The company also proactively invests in used battery and battery processing lines to protect the environment. VINFAST aims to achieve a localization rate of 60%, master technology and aim to export to countries in the region.

Mr. Nguyen Viet Quang affirmed that the birth of VINFAST demonstrates the desire to build a world-class Vietnamese brand, affirming the ability of Vietnamese people to master modern technologies. Through the field of automobile and motorbike manufacturing - one of the leading industries, having an impact on many other industries - Vingroup also wants to contribute to promoting the development of heavy industry. and manufacturing in Vietnam, contributing to the implementation of industrialization and modernization of the country.

Vice President of Vingroup emphasized, vWith large-scale key projects being implemented in series in Hai Phong, Vingroup believes it will contribute to promoting the economic development of Hai Phong in particular and the region in general, helping to attract human resources. high quality and create more jobs for local workers.

Comrade Le Van Thanh, Member of the Party Central Committee, Secretary of the City Party Committee, Chairman of the City People's Council stated clearly, vWith the determination to bring Hai Phong into a new period of development to successfully implement Resolution 32 of the Politburo and the Resolution of the 15th City Party Congress, the city determined the task of building and developing the industry. Modernizing industry is one of the key tasks of the entire term. Right after the 15th City Party Congress, the City Party Committee, People's Council, and People's Committee of the City drastically innovated methods of management, direction, and administration, promoting the construction of infrastructure and improving the environment. business investment, strengthening budget revenue and expenditure discipline, achieving comprehensive positive socio-economic results. Celebrating the country's National Day September 2, with the presence of comrade Nguyen Xuan Phuc, Politburo member, Prime Minister, Hai Phong city and Vingroup held the groundbreaking ceremony for the construction of the production complex. Vinfast automobile production and manufacturing is a project of special significance not only for the industry of Hai Phong city but also an important event on the path of construction and development of Vietnam's automobile industry. . The City Party Secretary affirmed that this is also a breakthrough for the city's industry, meeting practical needs, contributing to affirming Hai Phong as a major industrial center of the country. In particular, when the Complex comes into operation (third quarter of 9), the city budget will have a significant, breakthrough and sustainable revenue source, contributing to strengthening the city's internal resources to serve investment. investment in development and better resolution of social security issues. According to the financial plan, in the first year of operation, the Complex will contribute VND 3 billion to the budget, increasing sharply each year, by 2018 it will be VND 4.500 billion and from 2021 it will exceed the threshold of VND 11.500. billion VND, equal to the city's domestic revenue for the whole year of 2025.

The Secretary of the City Party Committee pledged to create the most favorable conditions and promptly resolve all difficulties and obstacles during project implementation. He requested the City People's Committee to focus on directing relevant departments and agencies to urgently complete basic construction investment procedures to ensure all conditions for the project to be deployed as quickly as possible. For Cat Hai district, the Party Committee, government, and agencies in the political system must focus on doing a good job of propaganda and advocacy so that people understand the Party's policy of industrialization and modernization. , the state and the Party Committee and city government. He emphasized that the door for Cat Hai to surpass itself and transform from an island district that is mainly purely agricultural and purely fishery to an industrial - service, civilized and modern urban area is wide open. The people of the island district face a great opportunity to change their lives for the better. Therefore, the consensus, support and cooperation of the people in the construction and implementation of projects is not only a responsibility and civic obligation but also for the good future of all people. islands District.

Comrade Secretary of the City Party Committee is pleased to report to Comrade Prime Minister and delegates, in the past two years, the cooperation between Hai Phong city and Vingroup is one of the bright spots of cooperation. public and private, mobilize resources to build and develop the city. Vingroup's projects in Hai Phong all ensure quality, progress and efficiency, actively contributing to changing the city's socio-economic situation, and are excited and trusted by a large number of city people. thought and agreed to support.

Prime Minister Nguyen Xuan Phuc praised Hai Phong city and Vingroup for coordinating well to hold the groundbreaking ceremony for a Vietnamese national automobile manufacturing brand: Vinfast and affirmed that this is an honorable patriotic gesture. . According to the Prime Minister, a country with over 50 million people must have that country's car brand. Our Party and State have a policy of building an independent and autonomous economy in an environment of constant uncertainty, so having an automobile brand is very important.

The Prime Minister emphasized that this project focuses on clean technology, environmental protection, and is consistent with the 4th industrial revolution (4.0) taking place in the world. Vingroup cooperates with major global brands to choose the most modern car models and designs to meet the requirements of developing the automobile manufacturing industry in Vietnam, followed by factories and industrial plants. supporting, creating many jobs, and making great contributions to the budget are very remarkable and commendable. The Prime Minister emphasized that during the integration period, environmental and market issues are both important. Therefore, Vingroup needs to research the consumption trends of the world, ASEAN and Vietnam to then properly phase production and investment and promote project efficiency. Vinfast needs to coordinate and cooperate with domestic automobile manufacturing enterprises to have a reasonable division of production, especially some specialized products, to promote the efficiency of the entire system. The Prime Minister praised the Party Committee, authorities and people of Hai Phong city for continuously trying for many years to develop synchronously and strongly, finding a new path and way of doing things, including the automobile industry, contributing part of building the national brand, promoting the economic development of Hai Phong and the whole country.

The Prime Minister wished Hai Phong city to continue to have many great breakthroughs; Wishing the project success and announcing the start of the project in a particularly difficult island district of Hai Phong city./.