Secretary of the Provincial Party Committee Nguyen Huu Nghia and leaders of SGMW Group and TMT Automobile Joint Stock Company

At the working session, Ms. Ly Thuc Anh, General Director of SGMW Group expressed her wish that Hung Yen province would create favorable conditions to learn and invest in building an automobile factory in the province. SGMW is a joint venture between SAIC Motor, General Motors and Wuling, specializing in the car production of China. Currently, TMT Automobile Joint Stock Company (headquartered in Pho Noi A Industrial Park) has signed an exclusive cooperation agreement with SGMW to produce electric cars in Vietnam, so the Board of Directors of SGMW and TMT Joint Stock Company hope that SGMW will soon have the opportunity to invest in Hung Yen and implement activities according to the agreement signed with TMT Automobile Joint Stock Company.

Speaking at the working session, Secretary of the Provincial Party Committee Nguyen Huu Nghia welcomed SGMW Group's plan to expand production investment project in Hung Yen province. Secretary of the Provincial Party Committee briefly introduced the potentials and advantages of the province's geographical location and transportation in attracting investment in industrial development in particular and socio-economic development in general. Secretary of the Provincial Party Committee affirmed as follows: In recent years, Hung Yen has invested quite synchronously in transport infrastructure, infrastructure of industrial zones and clusters. Along with that, Hung Yen always creates favorable conditions in terms of mechanisms and policies, etc. Therefore, at present, industrial zones and industrial clusters have been attracting a lot of investment projects. If SGMW Group invests in the province, the authorities at all levels and the authorities of Hung Yen province will create the best conditions in accordance with the provisions of law so that enterprises can feel secure in their production and business.