VinFast revises EV strategy, halves car output amid demand shift
Cafef.vn, 20 May '25
VinFast has revised its strategy in line with domestic demand trends and developments in the electric vehicle sector.
Vietnamese electric vehicle manufacturer VinFast has provided updated information regarding its electric car and two-wheeler production complex located in the Dinh Vu - Cat Hai Economic Zone in Hai Phong.
The project covers approximately 3.35 square kilometre, including 1.45 square kilometre of reclaimed land. It was approved in 2017 and began operations in 2019. The complex was initially designed with an annual production capacity of one million cars and 500,000 electric two-wheelers.
According to the latest update, VinFast has adjusted this capacity to 500,000 cars and one million electric two-wheelers per year. The revised figures align with reported increases in domestic demand for electric two-wheelers.
During the project's implementation, VinFast conducted Environmental, Social, and Health Impact Assessments (ESHIA) in accordance with IFC international standards from September 2020.
In March 2025, the company updated its environmental impact report in compliance with Vietnamese regulations and made it publicly available through the Ministry of Natural Resources and Environment's environmental consultation portal.
The company also proposed measures intended to reduce negative impacts on the surrounding environment and nearby communities.
The manufacturing complex is located in the southwest of Cat Hai Island, bordered by the Tan Vu - Lach Huyen Road to the north and the sea to the south. This location provides access to existing transport infrastructure.
In addition to the allocated land, VinFast has leased more than 822,000 metre square of factory and warehouse space from Vinhomes Hai Phong Industrial Park Investment JSC to increase production capacity.
VinFast has also continued activities in product research, development, and manufacturing. Its latest products include the compact EB 6 electric bus and a school bus variant, which are intended for use in the public transport sector.