Mitsubishi Motors plans to develop automobile manufacturing in Binh Dinh

Mitsubishi Motors plans to develop automobile manufacturing in Binh Dinh

In a recent working meeting with chairman of Binh Dinh People’s Committee, Kenichi Horinouchi, general director of Mitsubishi Motors Vietnam said that Binh Dinh is the leading priority destination to develop its second plants in Vietnam due to having deep water port. In addition, the province has basic transport infrastructure, one of which is Quy Nhon port.

Furthermore, the province also has enough land fund to serve for developing plants manufacturing parts and component for automobile industry.

Regarding Binh Dinh’s leader, Ho Quoc Dung, chairman of the province people’s committee expected that the group will build plants in Becamex Binh industrial park. Dung affirms to offer convenience conditions in term of land fund and administrative procedures for the group in collaboration other particular incentives once the group decides to choose the province.

In early 2018, vice chairman of Mitsubishi Motors Corporation Kozo Shiraji met deputy prime minister Vuong Dinh Hue to discuss about the plan to develop the second manufacturing facility in Vietnam with the total investment capitl of $250 million.The new plant will have a designed capacity of 30,000 to 50,000 vehicles a year, he added. Mitsubishi Vietnam’s first plant in the southern province of Binh Duong has an annual capacity of 5,000 automobiles.

Established in 1994, Mitsubishi Motors Vietnam Co., Ltd. is the official distributor of Mitsubishi Motors Japan in Vietnam and one of the first joint venture manufacturing and distributing automobiles in Vietnam.

Closing the fiscal year 2019, Mitsubishi Motors Vietnam has marked the 7th consecutive year of outstanding business growth and reached the top 3 automobile manufacturers in Vietnam for the first time.

In May this year, it officially opened a new office located in Ho Chi Minh City.