On November 29, the 53rd Conference of the 19th Provincial Party Committee of Ha Tinh approved the proposal to establish Ky Anh City and construct an electric vehicle manufacturing factory by Vinhomes Ha Tinh Industrial Park Joint Stock Company (under Vingroup) in Vung Ang Economic Zone. The conference also discussed preferential policies for investment projects in prioritized fields, including land rent exemption.
A glimpse of the current Ky Anh Town. Image source: Ha Tinh Newspaper.
Ky Anh, located 50km south of Ha Tinh city, is envisioned to become a provincial city by 2025. With eight wards and three communes under its jurisdiction, it plays a significant role in the province’s urban system and the broader context of North-Central Vietnam and the nation. The development of Ky Anh is aligned with the provincial planning for 2021-2030, envisioning it as a second-tier city by 2025.
The conference also greenlit the investment project for an electric vehicle manufacturing factory in the Vung Ang Economic Zone, with a total investment of VND 7,300 billion and an annual capacity of 400,000 vehicles. The factory will specialize in producing the popular VF3 and VF5 electric car models. Construction is expected to commence in June 2026, and the project has a duration of 70 years from the approval of the investment policy and the investor.
The ever-growing Vung Ang Economic Zone.
Additionally, the conference discussed a draft resolution on land rent exemption policies for investment projects in prioritized fields or preferential investment locations within the province.
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