On the morning of August 28, 2026, Phu Tho Provincial People's Committee held a ceremony to award the Investment Policy Adjustment Decision and Investment Registration Certificate for the project "Assembling, producing all types of cars and auto parts, providing warranty services, repairing and importing completely built-up cars in the Vietnamese market" to Toyota Motor Vietnam Company.
According to the adjusted content, the Project has a total investment capital of more than 283 million USD; land use area of more than 28.6ha; production and assembly scale of about 52,000 cars per year; expected to start construction from May 2027.
The project supplements the goal of assembling and manufacturing automobiles and auto parts of all kinds, including electrified vehicles; deploying paint factory and stamping factory items, producing car body and other motor vehicles.
The items are invested in the direction of technology modernization and improving the level of automation, contributing to strengthening production capacity, ensuring product quality and improving energy efficiency.
The two workshops are expected to go into operation in 2029, creating a foundation for the production of new CKD car models in Vietnam.
This is an important basis for Toyota Vietnam to implement a plan to modernize production operations, improve competitiveness and meet the green transformation trend of the automobile industry.
Speaking at the ceremony, Chairman of Phu Tho Provincial People's Committee Tran Duy Dong emphasized that this is a new milestone in the journey of more than 30 years of Toyota Vietnam investing, producing, doing business and long-term attachment to Phu Tho.
The Chairman of the Provincial People's Committee affirmed that this is a project that the province prioritizes attracting investment, implementing administrative procedures applying the "Green Channel", shortening 50% of the time to carry out administrative procedures.
In just 1 week, the Provincial People's Committee and the Department of Finance completed the issuance of investment policy adjustment decisions and Investment Registration Certificates for Toyota Vietnam Company.
After this conference, the Provincial People's Committee will direct departments and branches to continue to support the company to put the project into operation as soon as possible.
The Chairman of the Provincial People's Committee requested Toyota Vietnam to prioritize technology innovation, automation, energy-saving use, bringing modern production technologies, electrified car lines and environmentally friendly technologies into production and consumption in the Vietnamese market.
At the same time, continue to expand the network of Vietnamese enterprises supplying components to increase the localization rate. Pay attention to human resource training, especially training Vietnamese human resources to hold important positions in the production line system as well as in the company's management field.
The Chairman of Phu Tho Provincial People's Committee also wished Toyota Company as well as component suppliers to continue researching and expanding production and business in Vietnam, especially in Phu Tho province. Through the company, introduce more information to Japanese businesses to come to learn and invest in Phu Tho.
Since being granted the first Investment License on September 5, 1995, Toyota Vietnam has continuously expanded its production and business operations and contributed to the development of the domestic automobile industry.
In more than three decades, Toyota has achieved many important milestones, including producing more than 700,000 vehicles, sales reaching 1 million vehicles and welcoming 20 million service visits.
Recently, in March 2026, Toyota also held the Groundbreaking Ceremony of the new Office Complex Project at the headquarters of Phuc Yen ward, which is considered an important step in the long-term investment plan in Vietnam.
