Ford Vietnam invests 82 million USD to upgrade Hai Duong assembly facility

Ford Vietnam will invest an additional 82 million USD in upgrading its automobile assembly and production factory Hai Duong province, expanding its annual production capacity to 40,000 vehicles.

Deputy Minister of Industry and Trade Do Thang Hai said the expansion attaches great importance to the realization of the development strategy of Vietnam's automobile industry and boosting FDI enterprises' operations. He said the Ministry will work with Ford Vietnam to help Vietnamese businesses get more deeply involved in the automobile industry.

The additional investment will bring Ford's total investment in Vietnam to more than 200 million USD. The new investment will be in two stages starting this year, with completion scheduled for mid-2022.

Source: VOV5