Vinfast’s Electric Vehicle Manufacturing Plant in Hai Phong
According to the Hai Phong City Portal, on June 2nd, Mr. Le Tien Chau, Member of the Central Party Committee and Secretary of the Hai Phong Party Committee, chaired a meeting regarding the development of two industrial parks: Ngu Phuc (Phase 1) and Tan Trao (Phase 1).
Vinhomes Hai Phong Industrial Park Investment Joint Stock Company, a subsidiary of Vinhomes JSC (HoSE: VHM) under the Vingroup ecosystem, is expected to be the investor for both projects. The projected timeline for implementation is five years, from Q2 2025 to Q2 2030. The aim of these projects is to attract multi-sector investments, create jobs, and contribute to the city’s industrial development and economic growth.
Ngu Phuc Industrial Park (Phase 1) will span over 238 hectares in Ngu Phuc and Kien Quoc communes (Kien Thuy district), with an estimated investment of more than VND 5,670 billion.
Tan Trao Industrial Park (Phase 1) will cover an area of more than 226 hectares in Tan Trao and Kien Quoc communes, with a projected investment of over VND 4,000 billion.
Secretary of the City Party Committee, Le Tien Chau, emphasized that these projects align with the master plan for Hai Phong City, the northern dynamic region, and the Lao Cai-Hanoi-Hai Phong-Quang Ninh economic corridor. They are also part of the southern coastal economic zone of Hai Phong.
The Hai Phong authorities have agreed on the investment policy for the two projects and assigned relevant agencies to continue with the necessary procedures as per regulations.
Vinhomes Industrial Park in Hai Phong
Vinhomes Hai Phong Industrial Park Investment Joint Stock Company is a subsidiary of Vinhomes, which initially focused on real estate development. However, in 2020, Vinhomes ventured into industrial real estate by establishing the Vinhomes Industrial Park Development Investment Joint Stock Company (VHIZ).
In November 2024, Vinhomes announced the establishment of two new subsidiaries, Vinhomes Hai Phong Industrial Park JSC and Vinhomes Ha Tinh Industrial Park JSC, through the spin-off of the Vinhomes Industrial Park JSC. The capital of these companies is as follows: Vinhomes Industrial Park JSC has a charter capital of VND 340 billion, Vinhomes Hai Phong Industrial Park JSC has a charter capital of VND 15,160 billion, and Vinhomes Ha Tinh Industrial Park JSC has a charter capital of VND 3,000 billion. Vinhomes holds 100% of the voting rights in all three companies.
In the industrial sector, as of the end of 2024, Vinhomes owns a project, the VinFast Complex of Automobile and Electric Motorcycle Manufacturing Plants in the Dinh Vu-Cat Hai Economic Zone in Hai Phong. This project, covering an area of approximately 335 hectares, commenced operations in 2019. In May 2025, VinFast adjusted the project’s capacity to 500,000 cars and 1 million electric motorcycles per year.
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