The Ha Tinh provincial government has recently approved a 7.3 trillion VND investment proposal for an electric vehicle manufacturing plant by Vingroup in the Vung Ang Economic Zone (Ky Anh town).
According to the provincial People’s Committee decision, Vinhomes Ha Tinh Industrial Investment Joint Stock Company will handle the procedures to acquire 75,040 square meters of rice land from 288 land plots of 234 households. These plots have been confirmed by the Ky Anh town People’s Committee as having stable land-use origins before July 1, 2014, and are eligible for land-use rights certificates.
The VinFast electric car manufacturing plant will be constructed on land lots with the codes CN4-2 and CN4-1 (with an expected area of over 36 hectares) in the detailed planning project for the central industrial park of lots CN4, CN5, Vung Ang Economic Zone (Ky Loi commune, Ky Anh town, Ha Tinh province).
The total investment capital for the project is 7.3 trillion VND. Of this, the investor’s capital contribution is 1,095 billion VND (accounting for 15% of the project investment capital), and the mobilized capital is 6,205 billion VND (accounting for 85% of the project investment capital).
The VinFast electric car factory in the Vung Ang Economic Zone is expected to focus on producing popular electric car models, the VF 3 and VF 5.
According to the proposal, the project will be implemented over 70 years, with an expected completion and operation date of June 2026. The first phase, until 2026, will have a capacity of 200,000 vehicles per year, and the second phase, after 2026, will double the annual production to 400,000 vehicles.
This project is expected to create jobs and contribute to the economic growth and structural transformation of Ha Tinh province.
TH (Tuoitrethudo)
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