VinFast EV Plant Ha Tinh: $506M Investment Boosts Capacity
The Economic Zones Management Board of Ha Tinh province recently issued a landmark decision. On February 28, they officially approved a major electric vehicle (EV) manufacturing project. This facility is invested in by VinFast, a key player in Vietnam’s automotive sector. Located in the strategic Vung Ang Economic Zone, the project represents a registered investment of over VND 13.25 trillion, approximately $506 million.
Scaling Electric Mobility in Vung Ang
The facility covers 64 hectares of land. It is specifically designed to specialize in the production of high-quality electric scooters and bicycles. With a massive designed capacity of up to two million vehicles per year, this facility will be a cornerstone of the regional green manufacturing network.
The project involves two distinct development phases. The first phase focuses on building workshops and auxiliary infrastructure, aiming for completion in 2026. This initial stage targets an annual capacity of one million vehicles. The second phase, expected to commence in late 2026, will effectively double the output to two million units per year.
Economic Impact and Strategic Vision
This VinFast EV plant Ha Tinh project plays a crucial role in the local socio-economic strategy. By establishing this high-tech facility, the province continues to attract significant industrial interest. It fosters job creation and supports the development of sustainable, clean-energy transportation.
The Vung Ang area is rapidly evolving into a vital transportation and industrial hub. For more details on the national infrastructure master plan, you can review the latest updates from the Vietnam Ministry of Planning and Investment. This project is a testament to the region’s growing potential for large-scale industrial manufacturing.
Timeline and Future Milestones
The development schedule is highly ambitious. Investors plan to complete all legal procedures and begin construction within the first quarter of 2026. The goal is to reach mass production by the second quarter of 2026.
This rapid execution demonstrates a strong commitment to meeting the growing market demand for electric two-wheelers. As VinFast scales its global operations, this facility ensures that the domestic supply chain remains robust and competitive. To learn more about VinFast’s current market growth, read our latest Electric Vehicle Market Analysis.