The media delegation also visited Phuoc Dong Industrial Park in Tây Ninh Province near the Ho Chi Minh City, in particular Sailun (Viet Nam) Co. Ltd. The Chief Finance Officer Mr. Du Weifeng briefed on the history, production and performance of the company. He pointed out that Sailun Jinyu Group was the first private Chinese tire company listed on A Shares. Sailun (Viet Nam) Co. Ltd. was established in 2012, which was a wholly-owned subsidiary and one of the important production bases worldwide. The company had completed the Phase One project. With a total investment of 300 million dollars, an area of 150,000 square meters, annual sales revenue of 324 million dollars and more than 1800 staff, it had become a key foreign-funded company in Viet Nam. Phase Two project was launched in March 2016 and would provide 1500 jobs upon completion. 80% of its products were sold to North America, Europe, South America and Australia, 20% to Southeast Asia. It had a market share of 10% in Viet Nam. Mr. Du said the company actively fulfilled its corporate social responsibility, earned a good reputation and won strong support of the authorities of all levels in Viet Nam. Under the background of the Belt and Road, the company was adopting equipment, logistics systems and model of production and organization that were more automated, smart and Internet-based, in a bid to become a model among the overseas factories of Chinese tire companies. The media delegation also had in-depth communication with representatives of the company about the advantages of Viet Nam in attracting foreign investment, its land and tax policies for industrial parks and future development of the company.
On 2 July, the media delegation left Ho Chi Minh City for Hanoi to continue reporting trip.