Ford Viet Nam adds US$82 million to expand production

VGP - Ford Viet Nam on January 14 announced it was investing another US$82 million (VND1.9 trillion) to upgrade its Hai Duong assembly facility and expand its annual production capacity from 14,000 vehicles to 40,000 ones per year.

January 15, 2020 4:05 PM GMT+7

The expansion will be divided into two phases, which will be launched since 2020 and expected to be completed in the mid-2022.

The construction will expand the facility across an additional 60,000 square meters of land, bringing the total area to 226,000 square meters.

The new investment would add more than 500 jobs at Ford in Viet Nam, nearly doubling its current workforce.

Speaking at the ceremony, Deputy Minister of Industry and Trade Do Thang Hai said that the expansion of the plant is meaningful to the process of realizing the nation’s automobile development strategy, making contributions to accelerating the activities of Foreign Direct Investment (FDI) enterprises in the context of international economic integration.

The company reported it sold 32,175 cars in 2019, up 31% from a year earlier.

Ford has been an active and engaged corporate citizen across Vietnamese communities, including road safety education through Ford’s Driving Skills for Life (DSFL) driver safety program. Since its local launch in 2008, more than 15,000 people have participated in DSFL training sessions across the country, free of charge.

By Thuy Dung