HCMC – TC Group and Hyundai have put the Hyundai Thanh Cong Manufacturing Vietnam Factory No. 2 into operation in the northern province of Ninh Binh.
The facility, which covers over 50 hectares of land in the Gian Khau industrial park in Gia Vien District, is expected to turn out 100,000 Hyundai cars a year.
Speaking at the grand opening ceremony on November 15, TC Group chairman Nguyen Anh Tuan said, “The factory is equipped with automated production lines and the latest technologies from South Korea.”
The factory will provide the market with high-quality, energy-efficient and eco-friendly cars, he added.
The facility is committed to sustainable and long-term investment in the automobile sector in Vietnam by TC Group and Hyundai Motor.
The factory’s opening will help diversify vehicle products in the local market, strengthen the cooperation between the two groups and boost Vietnam’s auto industry growth.
The event also marked 30 years of Vietnam-South Korea diplomatic ties.