HCMC – VinFast has got approval to invest more than VND13.25 trillion to build an electric motorcycle manufacturing plant in the Vung Ang Economic Zone in Ha Tinh Province, with a designed capacity of two million units per year.
The Ha Tinh Economic Zone Authority has granted the investment registration certificate to VinFast Production and Trading JSC, according to Ha Tinh newspaper.
The project will occupy more than 64 hectares at parts of lots CN4 and CN5 in the central industrial zone of the Vung Ang Economic Zone, within the Vinhomes Vung Ang Industrial Park.
The plant will produce electric motorcycles and electric bicycles. It will also include workshops and supporting infrastructure for manufacturing operations.
The project will be developed in two phases. The first phase, planned for 2026, targets an annual output of one million units. The second phase, expected from late 2026, will raise total capacity to two million units per year.
Construction and administrative procedures are scheduled for completion in the first quarter of 2026. Mass production is expected to begin in the second quarter of the same year.
