The Management Board of the Ha Tinh Province Economic Zone has just approved in principle the investment policy and selected VINES Hanoi Energy Solutions JSC (under Vingroup Group) as the investor for the electric vehicle manufacturing factory construction project.
A corner of the Vung Ang Economic Zone (Ha Tinh)
Accordingly, the electric vehicle manufacturing factory will be constructed on an expected area of over 36 hectares in the planned construction subdivision of the central industrial park of the Vung Ang Economic Zone, Ky Loi commune, Ky Anh town, Ha Tinh province.
The total investment capital for the project is VND 7,300 billion. Of which, the investor’s capital accounts for VND 1,095 billion, equivalent to 15% of the project’s investment capital, and the mobilized capital accounts for VND 6,205 billion, equivalent to 85%.
The electric vehicle manufacturing factory in the Vung Ang Economic Zone is designed with a capacity of 400,000 vehicles/year.
It is expected that by June 2026, the project will complete the basic construction and be put into operation.
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