Market Chatter: VinFast Auto to Build Second Production Plant in Vietnam

MT Newswires Live12-09

VinFast Auto (VFS) plans to build a second production plant in Vietnam that will double its output capacity to meet increased demand for its small and mid-sized models, Reuters reported Sunday, citing the company.

The new facility is expected to produce 300,000 units per year during its initial phase, the same capacity as its existing plant in Haiphong, according to the report.

The new factory in the central Ha Tinh province will primarily produce VF 3 and VF 5 models for both domestic sales and export, with operations set to start in July next year, according to a company statement cited by Reuters.

VinFast did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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