Mit­subishi plans to make elec­tric cars in Viet­nam

The Nation - - AEC -

Japan’s Mit­subishi Corporation plans to in­vest in an elec­tric au­to­mo­bile man­u­fac­tur­ing fac­tory in Viet­nam, said Ex­ec­u­tive Vice Pres­i­dent Hiroshi Sakuma dur­ing a meet­ing with Viet­namese Deputy Prime Min­is­ter Vuong Dinh Hue in Hanoi on Wed­nes­day.

At the meet­ing, Sakuma said his firm was eval­u­at­ing the fea­si­bil­ity of the project and look for­ward to new reg­u­la­tions on en­vi­ron­men­tal pro­tec­tion taxes to pro­mote in­vest­ment in the coun­try.

Hue said Viet­nam’s Na­tional Assem­bly would soon dis­cuss and pass the Law on En­vi­ron­men­tal Pro­tec­tion Tax. There would be in­cen­tives com­men­su­rate with en­vi­ron­men­tally friendly prod­ucts.

The Mit­subishi Corporation is cur­rently in­vest­ing in two BOT (Build-Oper­ateTrans­fer) projects in Viet­nam, namely the Vung Ang 2 Ther­mal Power Plant (1,200 MW) and Vunh Tan 3 (1,980 MW) Power Plant.

The corporation and Viet­nam’s Min­istry of In­dus­try and Trade signed an in­vest­ment agree­ment in early 2017, ini­ti­at­ing the land lease con­tracts and pur­chas­ing power. In which, Mit­subishi ex­pects the Viet­namese Gov­ern­ment to soon re­solve the ceil­ing limit for loans and tax in­cen­tives in order to put the project into op­er­a­tion soon, strength­en­ing the elec­tric­ity ca­pac­ity of the Viet­namese grid. – Viet Nam News

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