VinFast inaugurates its second electric vehicle factory in Vietnam

VinFast, a Vietnamese EV manufacturing startup, on Sunday inaugurated a factory in Ha Tinh province's Vung Ang Economic Zone, its second in Vietnam after the one in Hai Phong city.

The VinFast Ha Tinh factory, which was put into operation after less than seven months since construction commencement, will have an annual capacity of 200,000 EVs.

It has a total area of 360,000 square meters, including main functional areas such as a body welding workshop, painting workshop, assembly workshop, logistics warehouse, and quality control center.

A cluster of auxiliary factories on a total area of 240,000 m2 is also under construction and will be expanded in the following years.

VinFast Ha Tinh possesses the most modern production line in Southeast Asia, with a high level of automation and advanced technology from the world's leading companies such as ABB, Dürr, Fanuc, and Siemens.

The entire production process strictly complies with international standards, including ISO 9001 (quality management system), ISO 14001 (environmental management system), and IATF 16949 (international automotive quality management system).

In the first phase, the factory has a designed capacity of about 200,000 vehicles/year, equivalent to an average production speed of 35 vehicles per hour. In the future, it will expand to meet market demands.

In the first phase, to optimize the production line, VinFast Ha Tinh will focus on producing small urban electric vehicles such as VF 3, Minio Green, EC Van and some new models in the development roadmap.

Products will not only serve the domestic market but also aim to reach international markets.

It is expected to create about 6,000 direct jobs in the first phase and can expand the workforce to 15,000 people in the future.

The presence of VinFast Ha Tinh will also create motivation to attract other businesses to build factories in the industrial park, forming a synchronous supply chain to increase the localization rate to over 80% by 2026, the company stated in a release.

Speaking at the event, Vo Trong Hai, deputy Party chief and Chairman of Ha Tinh, said he expects the place will soon become an environmentally friendly, modern automobile industrial complex, promoting the sustainable development of the province's economy.

Nguyen Viet Quang, vice chairman and general director of Vingroup, commented that the inauguration is an important milestone in VinFast's long-term development strategy and global production expansion.

"When put into operation, VinFast Ha Tinh will contribute to VinFast's goal of producing one million vehicles per year to meet the increasing demand of domestic and foreign markets. This is also a clear demonstration of VinFast's ability to master technology and self-manufacture and its pioneering vision in promoting sustainable transportation trends in Vietnam and around the world," he added.

In the first five months of 2025, VinFast held the largest market share in Vietnam, with more than 56,000 vehicles sold, of which VF 3, VF 5 and VF 6 were the best-selling models.

Currently, VinFast has been deploying five factory projects in Vietnam, the U.S., India, and Indonesia.

In addition to the two factories in Vietnam - VinFast Hai Phong (northern Vietnam) and VinFast Ha Tinh (central Vietnam) - which were already put into operation, two factories in India and Indonesia "will soon be launched to meet the demand in strategic international markets".