Granting investment registration certificate for Vinfast electric car manufacturing factory

On the afternoon of May 16, the Provincial Economic Zone Management Board issued the first Investment Registration Certificate to Vinfast Production and Trading Joint Stock Company to implement the Vinfast Electric Car Factory project.

Panoramic view of the battery factory system of Vingroup Corporation in Vung Ang Economic Zone.

According to the document, the project code is 4034432247. The project's objective is to invest in the production of electric cars, electric motorbikes, electric bicycles, electric pickup trucks, electric buses, and self-driving cars with a production scale of 400,000 vehicles/year. The project's investment area is about 36.2 hectares (leasing the entire phase 1 factory of Vinhomes Industrial Park Investment Joint Stock Company).

The project implementation location is at the phase 1 factory of Vinhomes Industrial Park Investment Joint Stock Company, located in land lots marked CN4-2, CN4-1 of the Construction Zoning Plan of Vung Ang Economic Zone Industrial Park, Ky Anh town.

The total investment capital of the project is over 6,000 billion VND, with an operating period of 70 years. The project is expected to start operating from the third quarter of 2025, mass production from the fourth quarter of 2025, and increased capacity: 2027.

Investment phases are implemented: Phase 1 (in 2025) 200,000 vehicles/year; Phase 2 (until the end of 2027) 400,000 vehicles/year.

Source: https://baohatinh.vn/cap-giay-chung-nhan-dang-ky-dau-tu-cho-nha-may-san-xuat-o-to-dien-vinfast-post287957.html