Hung Yen promotes investment in China, expands cooperation in the automobile sector

On the morning of October 21, the province’s investment promotion delegation led by Comrade Nguyen Quang Hung, Member of the Standing Board of the Provincial Party Committee, Chairman of the Provincial Party Committee's Inspection Commission, coordinated with the Foreign Investment Agency - Ministry of Finance and Geleximco Group to organize an investment promotion conference, calling for investors in the field of manufacturing auto parts and components in Wuhu city (Anhui province, China).

Comrade Nguyen Quang Hung, Member of the Standing Board of the Provincial Party Committee, Chairman of the Provincial Party Committee's Inspection Commission, Head of the delegation, speaks at the conference.

On the Chinese side, the conference saw the presence of representatives of the Department of Foreign Affairs of Wuhu city; representatives of the Chery Group and more than 100 enterprises of Anhui province.

Delegates attend the conference.

At the conference, the Chairman of the Provincial Party Committee's Inspection Commission, Head of the working delegation, gave a welcome speech and introduced the potential and advantages of Hung Yen province and Thai Binh Economic Zone; inviting enterprises from Anhui province in particular and Chinese enterprises in general to invest in Hung Yen province. He affirmed that Hung Yen province always accompanies, supports, and creates favorable conditions for investors throughout the process of surveying, researching investment, implementing projects and production and business activities in Hung Yen. At the conference, leaders of the Provincial Economic Zone Management Board and Hung Phu Commune People's Committee answered the questions of investors' interest when investing in Thai Binh Economic Zone.

Leaders of the Provincial Economic Zone Management Board, Hung Phu commune and investors of Hung Phu Industrial Park's infrastructure answer the questions of Chinese investors' interest.

Within the framework of the working program, the delegation worked with Mr. Truong Quy Binh, Vice President of Chery Group, President of Chery International located at Chery Group's headquarters in Wuhu City; visited the automobile manufacturing factory, automobile exhibition center, and AI smart robot zone of Chery Group. At the working session, the leaders of Chery Group expressed their desire to research and invest in a number of Chery's strengths such as: shipbuilding, robots, artificial intelligence (AI) in Hung Yen province.

The provincial delegation visits the AI smart robot zone of Chery Group.

In the province, Chery Group, in a joint venture with Geleximco Group, is currently implementing the GEL - O&J automobile manufacturing and assembly project in Hung Phu Industrial Park with a total investment of 319 million USD, expected to go into production in phase 1 in the second quarter of 2026, with a phase 1 capacity of 60,000 cars/year.

Comrade Nguyen Quang Hung, Member of the Standing Board of the Provincial Party Committee, Chairman of the Provincial Party Committee's Inspection Commission, Head of the working delegation presents souvenirs and introduces the unique culture of Hung Yen to the leaders of the Department of Foreign Affairs of Wuhu city (Anhui province, China).