Ha Tinh Economic Zone Management Authority has approved VinFast's project to develop a factory and auxiliary facilities at Vinhomes Vung Ang Industrial Park.

According to an announcement on August 26th, the project will cover more than 82 hectares, with the main components scheduled for completion in 2029.

The project has total investment capital of more than US$ 282 million, of which over US$ 84.4 million will be contributed by the investor, with the remainder provided through mobilised capital.

Under the registered schedule, construction of the component warehouse for production and export, along with auxiliary facilities, will begin before the end of September and is expected to be completed in the second quarter of 2027. Construction of the factory and other auxiliary facilities will then take place from that period until the second quarter of 2029.

The investor is legally responsible for the legality, accuracy and truthfulness of the dossier submitted for the investment registration certificate and for implementing the project in accordance with its approved investment objectives, scale and schedule.

The investor must also select new, advanced, modern and environmentally friendly technologies and apply automation to production processes to improve efficiency, ensure labour safety, and conserve resources and energy.

The project will include a closed-loop production system integrated with systems for collecting and treating exhaust gases, wastewater, solid waste and hazardous waste, in accordance with the regulations and standards of Vinhomes Vung Ang Industrial Park.

The project will add workshops, warehouses and auxiliary facilities to the industrial park, providing additional space for production and business activities and supporting the development of industrial activity in the area.