Skoda studies and builds a car factory in Quang Ninh

(MPI) - On the afternoon of February 16, 2022, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc worked with Czech Ambassador to Vietnam Vítezslav Grepl and the Board of Directors of Skoda Joint Stock Company to discuss on cooperation and investment in an automobile manufacturing and assembly plant in Quang Ninh province.

Also attending the meeting were Chairman of Quang Ninh Provincial People's Committee Nguyen Tuong Van, Head of Quang Ninh Economic Zones Management Board Hoang Trung Kien, leaders of relevant units under the Ministry of Planning and Investment.

Speaking at the meeting, Ambassador Vítezslav Grepl thanked Deputy Minister Nguyen Thi Bich Ngoc for taking the time to receive the delegation and said that Skoda Joint Stock Company is studying to invest in production lines and build a car factory. in Quang Ninh with the desire to bring positive impacts to the Vietnamese economy in general and Quang Ninh province in particular; brings the latest technology and is ready to contribute further to Vietnam's auto industry.

Mr. Ondrej Cerny, Director in charge of Russia and new markets of Skoda Automobile Joint Stock Company informed about the project, construction stages and said that it is expected that the project can start operation. in 2022. In order for the project to achieve the planned and effective results as expected, Skoda wishes to receive support and facilitation from the Government, ministries, branches and Quang Ninh province.

Deputy Minister Nguyen Thi Bich Ngoc said that up to now, the Czech Republic has invested 44 projects in Vietnam with a total investment capital of more than 91 million USD, ranking 48th out of 141 countries and territories. invest in Vietnam. The potential for cooperation and investment between the two countries is still much, the Vietnamese Government wishes and encourages Czech investors to invest in Vietnam and thanks Ambassador Vítězslav Grepl for acting as a bridge to promote the Company. Skoda studies the possibility of investing in Vietnam.

Vietnam has spent nearly 35 years attracting investment and so far, according to the size of the economy as well as practical requirements, Vietnam has entered a new stage in attracting foreign investment. Accordingly, Vietnam encourages projects with high technology, advanced technology, creating added value, especially encouraging foreign investors to connect, cooperate and use products and services. services of Vietnamese enterprises on the principle of mutual benefit.

The Ministry of Planning and Investment welcomes and appreciates that Skoda Company has chosen Vietnam as an investment destination. Currently, more than 141 countries and territories have investment projects in Vietnam with more than 34,000 projects, with a total registered capital of 416 billion USD. This shows that Vietnam has a potential market, advantages in geopolitics and especially a friendly business and investment environment.

Deputy Minister Nguyen Thi Bich Ngoc emphasized the issues of personnel, partners, the support of ministries, branches and localities in the implementation of the Project; Regarding the prospect of investment in the automobile industry in Vietnam; Development strategy of Vietnam's automobile industry; Vietnam's commitments at COP26, including a commitment to net zero emissions by 2050. To achieve the set target, Vietnam is developing an implementation project, which recommends Encourage fuel-saving and environmentally friendly technology.

The Deputy Minister suggested that Skoda Company, with its rich experience, in the process of implementing business cooperation in Vietnam will share experiences, transfer technology, strengthen links, and support Vietnamese businesses. for high efficiency production cooperation; wishes Skoda to support Vietnamese enterprises to participate in the global production supply chain in the near future; research and establish an R&D center in Vietnam, especially in research and development of electric vehicle models, to contribute to helping Vietnam realize the goal of reducing greenhouse gas emissions and protecting the environment./.