NA Vice Chairman receives Chairman of Hyundai Motor

The Vice Chairman expressed his belief that the visit, the first to Southeast Asia by the President since he took office in May 2022, will be an important milestone, promoting the two countries' relations to develop in a stronger, more substantive and effective way in the coming time.

He spoke highly of the successes of Hyundai Motor Group, including investment and business in Vietnam, especially the joint venture with Thanh Cong Group and Truong Hai Group that has helped build and distribute automobiles of RoK quality in Vietnam.

Hai emphasised that the lifting of the two countries’ relations to a comprehensive strategic partnership will create a strong foundation for businesses of the two countries to bolster collaboration and heighten their relationship.

He said Vietnam wishes to attract high-quality investment capital from the RoK, especially leading enterprises such as Hyundai Group, and affirmed that Vietnam has always paid attention and attached importance to improving investment environment, committing to creating favourable conditions for foreign enterprises to conduct long-term production and business activities in the country.

Hai also suggested that Hyundai Group continue to expand investment in Vietnam and encouraged the opening of an innovation center and an R&D center in the country, while proposing the group to sponsor the Vietnamese-RoK students exchange programmes, participate in training high-quality human resources in mechatronics industry, and invest in and develop the production of electric vehicles and renewable energy.

At the reception (Photo: VNA)

For his part, Chairman of Hyundai Motor Group Chung Eui Sun affirmed that the group’s investment activities have achieved many results in recent years thanks to enormous supports from the Vietnamese government.

He stated that through its products, the group always wants to share its experience in electric vehicle development and clean energy industry with Vietnam.

The group has a plan to develop automotive technology and is ready to share it with partner countries, he noted.