VinFast Electric Vehicle Plant in Ha Tinh, a key driver of the province’s economic growth.
According to Ha Tinh Newspaper, in 2025, Ha Tinh’s economic growth is estimated at 8.78%, ranking 10th among 34 provinces and cities nationwide and leading the North Central region. The VinFast Electric Vehicle Plant plays a pivotal role in achieving this growth rate.
Construction of the VinFast Electric Vehicle Plant in Vung Ang Economic Zone.
The VinFast Electric Vehicle Plant in Ha Tinh broke ground on June 29, 2025, in Vung Ang Economic Zone. Completed in just under 7 months, it is the fifth plant in VinFast’s global manufacturing network.
Spanning 360,000 m², the plant includes key functional areas such as the Body Welding Shop, Paint Shop, Assembly Shop, Logistics Warehouse, and Quality Control Center. An additional 240,000 m² auxiliary plant cluster is under construction and will expand in the coming years.
Initially, the plant has a production capacity of 200,000 vehicles per year, equivalent to an average output of 35 vehicles per hour. Future expansions will increase capacity to meet market demand.
In the initial phase, the plant will focus on producing compact urban electric vehicles such as the VF 3, Minio Green, EC Van, and other models in development to optimize production lines.
VINES Vung Ang Battery Plant, supporting electric vehicle production.
To support electric vehicle production, the VINES Vung Ang Battery Plant is in Phase I operation, covering 8 hectares with a capacity of 100,000 battery packs per year and an investment of VND 4 trillion.
Another critical supporting project is the Leased Workshop for Electric Vehicle Auxiliary Industries, spanning 132 hectares with an investment of VND 21.4 trillion. Construction is scheduled to begin in December 2026, with completion by June 2027.
Among the six projects set to launch on December 19, 2025, in celebration of the 14th Party Congress of Ha Tinh Province, Vingroup will initiate four projects in Vung Ang Vinhomes Industrial Park: the Vinmetal Ha Tinh Steel Plant (investment: VND 80 trillion, area: 461 hectares), Ky Trinh New Urban Area (investment: VND 8 trillion, area: 84 hectares), Ky Anh Wind Power Plant (capacity: 400 MW, annual output: 1,053.3 GWh, investment: VND 17.051 trillion), and Eco Wind Ky Anh Wind Power Plant (investment: VND 22.647 trillion, capacity: 500 MW, annual output: 1,322 GWh).
These projects are undergoing final legal and procedural approvals. The Provincial Economic Zone Management Board is closely coordinating with relevant departments to streamline procedures and support investors in completing legal requirements. Land clearance and preparation are being expedited to ensure readiness for the December 19 launch.
Analyzing Ha Tinh’s economic growth, the industrial and construction sectors lead with a 15.22% increase. Key industries such as energy production, fiber manufacturing, battery production, automotive manufacturing, and mining have shown significant growth, contributing substantially to overall economic expansion. The construction sector grew by 4.6%, driven by accelerated progress on large-scale projects.
Trade, services, and tourism have also thrived, significantly boosting the province’s growth. In 2025, total retail sales reached nearly VND 80.5 trillion, a 15% increase from 2024. Revenue from accommodation, food services, and travel services rose to VND 9.76 trillion, up 14% from 2024. Other sectors like transportation, warehousing, finance, and real estate maintained positive growth.
In contrast, the agriculture, forestry, and fisheries sector suffered a 1.29% decline due to natural disasters. However, this sector’s small share in the economic structure limits its impact on overall provincial growth.
Vietnam’s Billionaire Pham Nhat Vuong Hits Record-Breaking 1.2 Quadrillion VND Milestone
Vingroup’s remarkable surge has propelled its market capitalization to nearly $52 billion, making it the first Vietnamese corporation to achieve this historic milestone.
Sustained Economic Growth Amid Dual Challenges
At the November 2025 regular government meeting held on the morning of December 6th, Minister of Finance Nguyễn Văn Thắng emphasized that amidst challenges and hardships, we must redouble our efforts, remain steadfast, and resolutely turn the tide. We are committed to effectively responding to the situation and providing timely support to the people in preventing, combating, and overcoming the consequences of natural disasters. As a result, despite facing a “double impact” from external adverse factors and natural calamities, the economy has continued to achieve remarkable, comprehensive results, earning global recognition and high praise.
Deputy Governor Pham Thanh Ha: Credit Reaches Over 18.2 Quadrillion VND by End of November
By November 27, 2025, the economy’s credit reached over 18.2 quadrillion VND, marking a 16.56% increase compared to the end of 2024. In contrast, the same period in 2024 saw an 11.47% rise from the end of 2023, while the end of 2024 recorded a 15.09% growth compared to the end of 2023.
International Trade Remains a Bright Spot for the Economy
The Minister of Industry and Trade anticipates that, at the current pace, Vietnam’s total import-export turnover for 2025 could reach approximately $920 billion or higher, positioning the country among the top 15 nations with the largest trade volumes globally.
Economic Growth Surge: 20 Out of 34 Localities Achieve 8% Expansion
In November 2025, the Government’s regular meeting assessed the socio-economic situation and results for the month and the first 11 months of the year. The overall trend remains positive, with each month showing improvement over the previous one. Cumulatively, the 11-month performance has surpassed that of the same period in 2024 across nearly all sectors, highlighted by 10 standout achievements.
