In mid-April, VinFast issued Resolution No. 11/2025/NQ-HĐQT-VINFAST to approve the investment project for the VinFast Electric Car Manufacturing Factory, spanning 36.2 hectares.
The project aims to invest in the production of various types of electric vehicles, including cars, motorcycles, bicycles, pickup trucks, buses, autonomous vehicles, and clean energy storage systems.
The total investment capital for the project is VND 6,072.4 billion, of which the investor’s capital contribution is VND 607.2 billion (10%) and mobilized capital is VND 5,465.1 billion (90%).
The project is expected to commence operations and increase capacity from Q3 2025 and enter mass production from Q4 2025. In terms of capacity, Phase I in 2025 can produce 200,000 vehicles/year, and Phase II until the end of 2027 can reach 400,000 vehicles/year (equivalent to over 50,000 tons of products annually).
In addition, VinFast shared that the project was born out of the Government’s strong direction as Vietnam faces a high risk of becoming a consumption center for production hubs based in Thailand and Indonesia. The solutions, mechanisms, and policies have been approved by the Prime Minister in the Strategy and Planning for the Development of Vietnam’s Automotive Industry, along with the implementation of supportive measures for the automotive industry in line with the project.
The total number of employees during the entire project’s operation is expected to be 6,236 people. The factory’s operating time will vary depending on the production workshop, with 1 to 3 shifts per day and 8 working hours per shift. The factory will operate 260 days a year.
The Vietnamese electric car brand achieved remarkable sales performance in the first quarter of this year, delivering over 35,100 vehicles , capturing 30% of the total market share. The VF 3 model led the sales with over 13,100 units, followed by VF 5 with more than 10,800 vehicles. VinFast VF 6 is also gaining traction, with over 4,100 vehicles delivered to customers in the first three months of 2025.
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VinFast is committed to expanding its electric vehicle ecosystem in the Southeast Asian region, and this latest development further emphasizes that determination.
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The accessory that VinFast includes sets it apart from the conventional car offerings.
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Vingroup Group (HOSE: VIC) has announced its consolidated financial statements for the first quarter of 2025, reporting impressive results with a 287% surge in revenue to VND 84,053 billion and a 68% increase in after-tax profit to VND 2,243 billion compared to the same period last year.
“VinFast: A Mission-Driven Business Venture with a Visionary Billionaire at its Helm.”
Vingroup has released its highly anticipated 2024 Annual Report, titled “The Era of Ascension: Embracing a Green Future.” This theme resonates with the message conveyed by Mr. Pham Nhat Vuong to the company’s shareholders, emphasizing a sustainable and prosperous vision.
