### 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 produce up to **200,000 vehicles annually** and is part of VinFast's strategy to enhance its production capabilities amid increasing competition and challenges in global expansion. The plant, located in the Vũng Áng Economic Zone, was completed in less than seven months, showcasing the company's commitment to rapid development in the EV sector [https://www.zigwheels.ph/car-news/vinfast-opens-newest-ev-facility-in-ha-tinh][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 covers an area of **360,000 square meters** and is situated in the Vũng Áng Economic Zone [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]. - It has an initial production capacity of **200,000 vehicles per year**, focusing on affordable mini urban models [https://www.channelnewsasia.com/business/vinfast-opens-second-domestic-ev-factory-amid-global-expansion-5209861]. 2. **Strategic Expansion**: - This facility marks VinFast's **second domestic factory**, aimed at bolstering production capabilities as the company faces delays in its global expansion plans [https://www.evmechanica.com/vinfast-launches-second-ev-factory-during-global-expansion]. - The company aims to ramp up production to **1 million vehicles annually** in the future, reflecting its ambitious growth strategy [https://www.thehindubusinessline.com/companies/vietnams-vinfast-opens-second-domestic-ev-factory-amid-global-expansion/article69751096.ece]. 3. **Market Context**: - VinFast is navigating a competitive landscape in the EV market, with rising competition from both domestic and international players [https://www.devdiscourse.com/article/headlines/3485968-vinfast-powers-ahead-new-factory-fuels-ambitious-ev-goals]. - The new facility is a response to the increasing demand for affordable electric vehicles, particularly in urban settings [https://www.econotimes.com/VinFast-Launches-Second-EV-Plant-in-Vietnam-Amid-Global-Expansion-Challenges-1714612]. ### Supporting Evidence and Data - **Production Capacity**: The new plant's capacity is set at **200,000 vehicles per year**, which is crucial for meeting the growing demand for electric vehicles in Vietnam and beyond [https://www.indexbox.io/blog/vinfast-launches-second-domestic-factory-amid-global-expansion-delays]. - **Timeline**: The facility was constructed in less than **seven months**, indicating VinFast's efficiency and commitment to rapid expansion [https://technode.global/2025/06/30/vinfast-inaugurates-electric-vehicle-plant-in-ha-tinh]. - **Future Goals**: VinFast's long-term goal is to achieve an annual production capacity of **1 million vehicles**, positioning itself as a significant player in the global EV market [https://www.thehindubusinessline.com/companies/vietnams-vinfast-opens-second-domestic-ev-factory-amid-global-expansion/article69751096.ece]. ### Conclusion: VinFast's Strategic Move Towards EV Leadership In summary, VinFast's inauguration of its new EV facility in Hà Tĩnh represents a significant step in its strategy to enhance production capabilities and meet the rising demand for electric vehicles. 1. **New Facility**: The plant is designed to produce **200,000 vehicles annually**, focusing on affordable models. 2. **Expansion Goals**: VinFast aims to ramp up production to **1 million vehicles per year** in the future. 3. **Market Positioning**: The company is responding to competitive pressures and delays in global expansion by strengthening its domestic production capacity. This strategic move not only reinforces VinFast's position in the Vietnamese market but also sets the stage for its ambitions on the global stage [https://www.devdiscourse.com/article/headlines/3485968-vinfast-powers-ahead-new-factory-fuels-ambitious-ev-goals][https://www.channelnewsasia.com/business/vinfast-opens-second-domestic-ev-factory-amid-global-expansion-5209861].