### VinFast Expands Production Capacity with New EV Facility in Hà Tĩnh VinFast, a prominent Vietnamese electric vehicle manufacturer, has inaugurated a new electric vehicle (EV) manufacturing facility in Hà Tĩnh province. This facility is designed to significantly enhance the company's production capabilities, allowing for the manufacture of up to **200,000 vehicles annually**. The plant's opening comes as part of VinFast's broader strategy to expand its presence in the global EV market, despite facing challenges such as delays in international expansion and increasing competition from other automakers [https://www.zigwheels.ph/car-news/vinfast-opens-newest-ev-facility-in-ha-tinh][https://www.evmechanica.com/vinfast-launches-second-ev-factory-during-global-expansion][https://vir.com.vn/vinfast-launches-new-ev-factory-in-ha-tinh-province-131539.html]. ### Overview of VinFast's New Facility and Strategic Goals 1. **Facility Details**: - The new plant is located in the **Vũng Áng Economic Zone** and covers an area of **360,000 square meters**. - It was constructed in less than **seven months**, showcasing VinFast's rapid development capabilities [https://technode.global/2025/06/30/vinfast-inaugurates-electric-vehicle-plant-in-ha-tinh][https://www.midfloridanewspapers.com/ap/business/the-vinfast-electric-vehicle-manufacturing-plant-in-h-t-nh-located-in-the-v-ng/image_2e34c530-b8ab-538d-802c-abaf5537b3dc.html]. 2. **Production Goals**: - The facility aims to produce **affordable mini urban models**, which are increasingly in demand as urbanization rises [https://www.channelnewsasia.com/business/vinfast-opens-second-domestic-ev-factory-amid-global-expansion-5209861]. - VinFast has set an ambitious target to reach an annual production capacity of **1 million vehicles** across its facilities [https://www.thehindubusinessline.com/companies/vietnams-vinfast-opens-second-domestic-ev-factory-amid-global-expansion/article69751096.ece]. 3. **Global Expansion Challenges**: - Despite the new factory's opening, VinFast is navigating **delays in its global expansion plans**. The company is facing stiff competition in the EV market, which is prompting a focus on increasing domestic production [https://www.devdiscourse.com/article/headlines/3485968-vinfast-powers-ahead-new-factory-fuels-ambitious-ev-goals][https://www.econotimes.com/VinFast-Launches-Second-EV-Plant-in-Vietnam-Amid-Global-Expansion-Challenges-1714612]. ### Key Metrics and Data Supporting VinFast's Expansion - **Production Capacity**: The new facility has an initial capacity of **200,000 vehicles per year**. - **Construction Timeline**: Completed in less than **seven months** from the start of construction. - **Facility Size**: Spans **360,000 square meters** in the Vũng Áng Economic Zone. ### Conclusion: VinFast's Strategic Positioning in the EV Market In summary, VinFast's new EV manufacturing plant in Hà Tĩnh represents a significant step in the company's strategy to bolster its production capabilities and address the growing demand for electric vehicles. 1. **Expansion of Production**: The facility will enhance VinFast's ability to produce affordable urban EVs, crucial for capturing market share. 2. **Navigating Challenges**: While the company faces global expansion hurdles, the focus on domestic production may provide a buffer against international competition. 3. **Future Goals**: With aspirations to reach **1 million vehicles annually**, VinFast is positioning itself as a key player in the global EV market, despite current challenges [https://www.indexbox.io/blog/vinfast-launches-second-domestic-factory-amid-global-expansion-delays]. This strategic move not only strengthens VinFast's operational capabilities but also underscores its commitment to becoming a leader in the electric vehicle sector.