According to Decision No. 255 dated December 4 of the Management Board of Ha Tinh Economic Zone, approving the investment policy of the Project to build an electric car factory, approving the investor, VINES Ha Tinh Energy Solutions Joint Stock Company (under Vingroup Corporation) to implement the project.
The electric car factory will be built on plots of land with symbols CN4-2 and CN4-1 (estimated area of over 36 hectares) of the Construction Zoning Plan for the Central Industrial Park, lots CN4, CN5, Vung Ang Economic Zone, Ky Loi commune, Ky Anh town, Ha Tinh province.
The project has a total investment of 7,300 billion VND. Of which, the investor's capital is 1,095 billion VND, mobilized capital is 6,205 billion VND, accounting for 85% of the project's investment capital.
The electric car factory in Vung Ang Economic Zone has a designed capacity of 400,000 vehicles/year. It is expected that in June 2026, the project will be completed and put into production of electric cars.
The project is expected to significantly increase budget revenue and create thousands of jobs for local workers when put into operation.
Previously, the Ha Tinh Provincial Party Executive Committee Conference held on November 29, 2024 highly agreed on the investment policy for the Electric Car Manufacturing Factory Project in Vung Ang Economic Zone and the policy of establishing Ky Anh city from Ky Anh town.
According to its authority, the Management Board of Ha Tinh Economic Zone is the agency approving the investment policy and approving the investor for the above-mentioned electric car manufacturing factory project.
