On June 9th, VinFast will host a conference in Hanoi titled “Enhancing Localization and Developing VinFast’s Supplier Ecosystem,” marking a significant step in the Vietnamese automotive brand’s strategy to expand production and increase localization rates.
VinFast Extends an Invitation to Domestic Businesses for Mutual Growth
Through this event, VinFast reaches out to domestic enterprises, especially component, equipment, and technical service providers, aiming to establish a robust local automotive manufacturing ecosystem capable of competing regionally and globally.
As per the released information, at the conference, VinFast will elaborate on its ambitious plan to achieve an 80% localization rate by 2026, a bold target in the automotive industry. The company will also share its expansion strategy for its supplier network, targeting a production scale of up to 1 million vehicles per year to cater to both domestic demand and export markets.
Aspiring to Become the Regional Automotive Manufacturing Hub
This conference not only demonstrates VinFast‘s long-term commitment to the domestic industry but also serves as a strategic move to gradually establish Vietnam as a significant automotive and auxiliary industry hub in Southeast Asia.
VinFast representatives express their hope that with the collaboration of domestic enterprises, the company can gain better control over its supply chain, shorten product development timelines, optimize production costs, and enhance its global competitiveness.
Accelerating for Breakthroughs
Amid the global automotive industry’s shift towards greener and smarter trends, VinFast’s proactive approach to deeper localization aims not only to serve production but also to lay a solid foundation for technological advancements, job creation, and the enhancement of Vietnam’s industrial capabilities.
The June 9th conference will provide an opportunity for VinFast and its strategic partners to delve into discussions on collaboration opportunities, technical requirements, product standards, and technology transfer potential—key factors in establishing a robust and modern local supply chain.
PV (Tuoitrethudo)
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“VinFast Aims for 80% Localization by 2026, Inviting Partnerships with Domestic Suppliers”
VinFast is set to host an exciting conference, “Enhancing Localization and Developing VinFast’s Supplier Network,” on June 9 in Hanoi. This event presents a unique opportunity for businesses to explore attractive offerings and forge strong partnerships with VinFast.
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