On February 25, the People's Committee of Thai Binh province held a working session with Geleximco Group on reporting on the investment cooperation situation; at the same time, held a signing ceremony of a cooperation agreement to build an auto parts factory in Thai Binh province between Geleximco Group and Nguyen Tin Industrial Investment Company Limited (Lieu Chau City, Guangxi Province, China).
According to Mr. Vu Van Tien - Chairman of Geleximco Group, with the desire to work with Thai Binh province to build the locality as the largest manufacturing place in the automobile manufacturing industry in the Northern region, in recent times, the Group has actively sought partners to bring automobile manufacturing and assembly projects to the province.
After research, Geleximco has selected Nguyen Tin Industrial Investment Company Limited and Bach Tan Technology Company Limited (Vangxi Province, China) as two investment cooperation enterprises.
Nguyen Tin Industrial Investment Company Limited is a subsidiary of Golden Sun Group, a 100% state-owned enterprise under the government of Liuzhou District (Lia Zhou City, Guangxi Province, China).
The company is currently cooperating with large national enterprises such as SAIC-GM-Wuling, LiuGong Group, China Railway Construction Corporation and many other enterprises in projects related to urban infrastructure, real estate development, industrial park construction, automobiles, construction machinery, artificial intelligence, and many other fields. In 2024, the company provided spare parts for 2.4 million cars manufactured in Liuzhou.
Bach Tan Technology Company Limited mainly participates in the trading of industrial products, including the production, processing and manufacturing of aluminum products.
The company has developed a large network of partners and is one of the units providing high-quality industrial products in the region. The goal of the project is to establish a joint venture company to supply spare parts for automobile factories in Vietnam.
According to the plan, the cooperation project to build an auto parts factory between Geleximco and its partners requires an area of over 200 hectares of land, expected to be built in 2026 and put into production in October 2027. The total estimated investment capital is about 400 million USD; the number of direct workers is estimated at 2,000 to 3,000 people.
Previously, Geleximco Group officially entered the automobile manufacturing industry through the establishment of a joint venture with Chery Group (China) to produce and distribute two product lines Omoda & Jaecoo in Vietnam.
The factory is located in Hung Phu Industrial Park (Nam Hung commune, Tien Hai district, Thai Binh province). When put into operation in 2026, the phase 1 factory is expected to reach a capacity of 50,000 cars/year.
