Mitsubishi Motors seeks opportunity to build its second factory in Binh Dinh
Authorities in the central coastal province of Binh Dinh will offer attractive policies and mechanisms to support Mitsubishi Motors Vietnam in building an automobile manufacturing factory at Becamex Industrial Park.
A corner of the automobile manufacturing factory of Mitsubishi in the southern province of Binh Duong (Photo: cafef)
Hanoi (VNS/VNA) - Authorities in the central coastal province of BinhDinh will offer attractive policies and mechanisms to support Mitsubishi MotorsVietnam in building an automobile manufacturing factory at Becamex IndustrialPark.
Thestatement was made by Chairman of the provincial People’s Committee Ho Quoc Dungat a meeting with Mitsubishi CEO Kenichi Horinouchi on June 5.
Horinouchisaid his firm is seeking an area in Vietnam for its second automobile manufacturingfactory. The first one is in the southern province of Binh Duong.
Horinouchisaid that Binh Dinh has advantages of a deep-water port, so it is determined tobe the top choice of the company. In addition, it has complete transportinfrastructure, which is convenient for goods transportation.
Theprovince covers a large land fund, which is very convenient for theconstruction of auto part factories for the automobile industry, Horinouchisaid.
Dungsaid Binh Dinh is a key economic province in the central region. Quy Nhon Portis the most convenient international trade gateway between the CentralHighlands region and neighbouring countries of Laos and Cambodia, and othercountries around the world.
“Theprovince has six industrial parks. The largest one is Nhon Hoi Economic Zonewith an area of over 14,000ha, which has attracted many Japanese investors inproduction and business activities,” Dung said.
Ina meeting with Deputy Prime Minister Vuong Dinh Hue in Hanoi in January 2018,Mitsubishi Motors Corporation’s Executive Vice President Kozo Shiraji said thecorporation was looking for a location to set up its second factory in thecountry. The plant will cost approximately 250 million USD, with amanufacturing capacity estimated to reach 30,000 – 50,000 cars on an annualbasis.
Toensure the factory’s operation in 2020, developed industrial parks or economiczones near seaports are more likely to be selected, Shiraji said.
Huesaid Vietnam will create favourable conditions for Mitsubishi Motors to carryout its projects in the country.
Theproject aims at contributing to local socio-economic growth and forming morepartnerships in eco-car production in the future./.
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A corner of the automobile manufacturing factory of Mitsubishi in the southern province of Binh Duong (Photo: cafef) 
