US firm plans to invest in electric automobile production in Vietnam

Vietnam welcomes foreign investment in electric automobile production in Vietnam, said Deputy Prime Minister Trinh Dinh Dung at a reception for Alfred J. Dimora, founder and CEO of Dimora Enterprises, LLC in Hanoi on Wednesday.

Mr. Dimora is visting Vietnam to prepare for the building of an electric car production and assembly factory here. DiMora Motorcar, an affiliate of Dimora Enterprises, is known for the world's most luxurious and expensive car: the 2 million USD Natalia SLS 2 sport luxury sedan. Deputy Prime Minister Dung said the growing Vietnamese automobile market is quite lucrative for foreign investors. In the first phase, Dimora Enterprises will produce electric cabs for the Mai Linh group.

Source: VOV5