Ground broken for THACO-Mazda automobile manufacturing plant

March 27, 2017 | 10:58

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PM Nguyen Xuan Phuc attended a groundbreaking ceremony of THACO-Mazda automobile manufacturing plant with a total investment of US$ 520 million at Chu Lai Open Economic Zone in Nui Thanh district, Quang Nam province.

The ground breaking ceremony of THACO-Mazda automobile manufacturing plant, March 26, 2017,Photo: VGP/Quang Hieu

THACO’s CEO Tran Ba Duong announced the project has a total area of 35 hectares including over 12 hectares of workshop and will come into operation in April, 2018.

Thanks to technology transfered and assistance provided by Mazda (Japan), this will become the most modern one of this kind of Mazda in particular and automobile assembling in ASEAN.

It has a designed capacity of 100,000 cars per year and robots controlling 70% of assembly work.

Mr. Duong hailed the project as an initial model of cooperation between THACO and Chu Lai Open Economic Zone.

Addressing the event, PM Phuc stressed the importance of the automobile industry. Accordingly, the PM had already proposed the National Assembly pass favorable policies in favor of Vietnamese automobile industry development. In the world, other countries with over 50 million population had the automobile industry. Meanwhile, Viet Nam has a population of nearly 100 million .

The PM lauded the cooperation between THACO and Mazda, calling upon the Japanese manufacture to transfer technologies of automobile spare part production to the Vietnamese producer.

The Government would create every favorable way for the automobile industry to thrive in the future, affirmed PM Phuc.

The Ministry of Finance was assigned to research overall policies on car imports in line with Viet Nam’s commitments to international laws in order to protect the domestic production.

VGP

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