Deputy Prime Minister Tran Hong Ha hosted a reception in Ha Noi on Friday for Wang Chuanfu, Chairman of China’s BYD Co. Ltd., which holds high competitive edge in the field of new technology.
With the selection of Viet Nam's northern province of Phu Tho for its investment, the Deputy PM believed that the BYD Co. Ltd. would reap success.
Committing all possible support for the company, he hoped that its idea of cooperation to shift from electronics to automobile production would go smoothly, and BYD would create competitive products in international markets, targeting those with high standards. On the back of Viet Nam's advantages within the framework of new-generation free trade agreements, he wished that the company would contribute to driving the development of supporting industries in Viet Nam.
Wang, for his part, spoke highly of Viet Nam's business environment, especially in Phu Tho Province where the company plans to invest in a factory specialising in tablet computer production. BYD vowed to keep renewing its technology for sustainable development in the future, he said.
As BYD would expand investment into electric automobile production and assembly with the best technology to supply the Vietnamese market and export to the Southeast Asian region, he wished for favourable conditions to complete investment procedures and quickly put the electric car production and assembling project into operation. Along with that, BYD would establish a chain of supporting industrial enterprises for the electric car project, he added.
On the same day, while receiving Honna Hitoshi, President and Representative Director of Japan’s Erex Co. Ltd., the Deputy PM hailed Erex’s decision to invest in biomass power in Viet Nam, noting that biomass power had been included in Power Development Plan VIII as a fundamental renewable energy source for various projects.
He suggested Erex engage in treating solid waste and by-products in agriculture and forestry, and promoting environmental protection, afforestation and environmental treatment.
Hitoshi said Viet Nam held great potential to develop biomass power thanks to a large amount of unused agricultural and forestry by-products. In addition, biomass power would also contribute to reducing emissions from coal-fired power plants with co-firing options, he said.
In the coming time, Erex would fully consider suggestions by the Deputy PM to launch projects on biomass fuel and building biomass power plants in Viet Nam, he said. — VNS