Not only are renowned automobile brands launching new models, but they are also planning to produce cars in Vietnam to better cater to the market’s demands.
Expected to be operational by 2025, the Thanh Cong Vietnam Hung Automobile Factory in the Vietnam Hung Industrial Park, Ha Long City, Quang Ninh Province, will manufacture and assemble Skoda-branded vehicles in Vietnam. This factory has a capacity of 120,000 cars per year and will employ Skoda’s advanced and modern production and assembly lines, meeting European standards with a high degree of automation.
According to the cooperation roadmap, the factory will introduce two CKD car models, the Kushaq and the Slavia, to the market in 2025, opening up new opportunities for Skoda products made in Vietnam to be exported to ASEAN countries.
In addition to Skoda, several major Chinese car brands are also planning to produce cars in Vietnam. Most recently, Changan announced its plans to build a factory to produce 5-7-seat passenger cars in Hue. The company’s partner in Vietnam is Kim Long Motor.
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Geely, one of China’s largest automotive groups, is also beginning construction on a factory in Thai Binh, where it will assemble Lynk & Co cars and other Geely brands in the future.
Omoda & Jaecoo (a subsidiary of Chery) have also chosen to locate their factory in Thai Binh. According to the company, the Omoda & Jaecoo factory will have an investment capital of up to VND 20,000 billion and is expected to be completed by 2026.
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VinFast, a domestic electric car brand, is also expanding its production scale in Vietnam. Constructed last year, the VinFast factory is expected to be operational from July 2025. Built on an area of 36 hectares, the factory’s initial capacity is 300,000 cars per year, which can later be increased to 600,000 cars per year. Currently, VinFast already has a factory in Hai Phong with a total area of 335 hectares.
Thai Son (Tuoitrethudo)
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