The VinFast Ha Tinh electric car factory project is built on an area of over 36 hectares, with a total investment of VND 7,300 billion invested by Vinhomes Ha Tinh Industrial Park Investment Joint Stock Company (under the Vingroup ecosystem). The designed capacity of phase 1 is 300,000 vehicles/year, expected to increase to 600,000 vehicles/year in the following phases.
According to the plan, the VinFast Ha Tinh factory will inaugurate phase 1 in July 2025, just 8 months after the project started. When put into operation, the factory will create nearly 6,000 jobs for local workers, which can increase to 15,000 jobs after a period of time, thereby contributing to solving the economic and social security problems of the locality.
VinFast Ha Tinh factory will focus on producing two car lines VF 3 and VF 5, with main components such as chassis, engine, electronic components... imported from VinFast Hai Phong factory, while car batteries will be partly supplied by the battery factory right in Vung Ang Economic Zone.
Mr. Nguyen Viet Quang - Vice Chairman and General Director of Vingroup - said: "VinFast has officially become the car company with the number 1 market share in the Vietnamese market, with the number of orders constantly increasing and the trust and support of customers growing. Demand in international markets is also growing rapidly, so the construction of an additional electric car factory in Ha Tinh will create a solid foundation for an important and explosive development phase of VinFast in the coming time".
In his speech, Party Central Committee member and Deputy Prime Minister Tran Hong Ha emphasized: The Government welcomes and highly appreciates Vingroup Corporation for pioneering in realizing the vision of creating a green future with the mission "For a better life for everyone", to create an ecosystem of high-class products and services, contributing to improving the quality of life of humanity and raising the position of Vietnamese brands in the international arena.
On the basis of sharing the vision and mission of VinFast as well as manufacturers in the value chain of the Vietnamese automobile industry, the Government, the Prime Minister, the Central Ministries, branches and localities will continue to create all favorable conditions for national enterprises such as Vingroup to realize their mission, vision and aspiration, and grow together with the country.
