Speaking at the groundbreaking ceremony of VinES Battery Manufacturing Factory, Vietnamese President Nguyen Xuan Phuc congratulated Vingroup and shared the conglomerate’s new vision in making a timely switch in its investment strategy from real estate to industry, service, and especially advanced technology, with VinFast automobile manufacturing complex, smartphone production and now a new battery factory.
“This is not only a very encouraging development for big Vietnamese corporations but also a meaningful event that will encourage small and medium enterprises to connect with value chains that are shaping the future,” the Vietnamese President stressed. “Vingroup’s switch in its strategy has shown its strong and direct involvement in Vietnam’s economic restructuring and modernization to enter a new growth path with higher productivity, more advanced technology and more added values.”
President Nguyen Xuan Phuc also stated: “With its proactiveness in acquiring and developing technologies to produce battery — a key component of EV, VinFast will quickly realize its goal of becoming a global smart electric vehicle company. Being able to self-produce and supply will enable VinFast to provide a wide range of batteries that are suitable for each of its electric vehicle lines, fulfill growing demands in the Vietnamese and global markets and contribute to the global EV revolution.
The success of VinES Battery Manufacturing Factory will greatly contribute to the development of a modern and sustainable economy. Vingroup has taken the advantage of being a successor to choose the most advanced technology. This is a decisive, brave and commendable choice. Vingroup’s success in turning into an industrial, technological conglomerate will not only inspire other Vietnamese corporations but also play an important role in establishing a ‘Make-in-Vietnam’ ecosystem of production, recycling and reuse of renewable energy battery.
I expect Vingroup to become a leading technology corporation that invests in research and development of new technologies, pioneers in innovation and succeeds in the global market.
On this occasion, I would like to thank Vingroup for providing cities, provinces and government agencies with donations and support worth more than 10 trillion VND, thereby extending timely aid to many people in difficult times”.
