VinFast received approval to build a new factory and auxiliary facilities in the Vinhomes Vung Ang Industrial Park in Ha Tinh, Vietnam. The project requires a total investment exceeding $282 million.
Main components of the facility are scheduled for completion by 2029. Construction of a production and export warehouse will begin before the end of September 2026. This warehouse is expected to be finished in the second quarter of 2027.
The investment supports VinFast’s ongoing expansion into international markets, including Indonesia and the Middle East. Separately, the company increased prices for its VF 6 and VF 7 electric SUVs in India. These price hikes reach up to Rs 1.13 lakh due to rising production costs.