Ford Vietnam expected to promote strengths to affirm position in Vietnamese market

Prime Minister Pham Minh Chinh presents a souvenir to Ford Vietnam Director-general Ruchik Praful Shah

Vietnam commits to creating a favorable investment and business environment for Ford Vietnam Co., Ltd. in particular and foreign investors in general.

Prime Minister (PM) Pham Minh Chinh was speaking during a working visit to the company in Hai Duong on March 15.

He included a favorable legal environment, complete technical infrastructure, and training of human resources at national and international levels among the first favorable conditions provided.

The PM recalled the time Ford Vietnam Co., Ltd. started investing in Vietnam, only two months after Vietnam and the US had normalized diplomatic relations (July 1995), to emphasize that its business and production activities reflect profound diplomatic spirit aside from economic purposes.

The company has brought about healthy competition in the automotive field and engaged in Vietnam’s industrialization and modernization process as a leader in hi-tech industrial development.

PM Pham Minh Chinh expressed his desire that Ford Vietnam would continue to promote its strengths to affirm its position in the Vietnamese market by expanding investment and applying new technology to production, especially electric vehicles.

Ford Vietnam Director-general Ruchik Praful Shah speaks at the meeting

He suggested that the enterprise make the most of scientific corporate governance, develop circular green economy to adapt to climate change, and train highly skilled human resources for strong development.

“We always listen to, understand, and share your difficulties for settlement in the spirit of sharing risks and harmonizing benefits among businesses, people, and the State,” said Chinh.

Vietnam is one of four key global markets of Ford, along with Thailand, Australia, and South Africa, said Director-general of Ford Vietnam Ruchik Praful Shah.

Ford has been the largest US investor in Vietnam’s automotive sector for nearly 30 years with a total investment of 208 million USD.

Ford Vietnam is the largest contributor to Hai Duong's budget and currently providing direct jobs for nearly 1,300 employees.

Hai Duong News

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