VinFast begins construction on its integrated Electric Vehicle facility in India

VinFast, Vietnam's leading electric vehicle manufacturer, officially broke ground on its first integrated electric vehicle (EV) manufacturing facility in the state of Tamil Nadu, India. This landmark project, creating employment opportunities for approximately 3,500 local workers, affirms VinFast's potential and strong determination in the global green transportation strategy. The groundbreaking ceremony was graced by Thiru M. K. Stalin, Honorable Chief Minister of Tamil Nadu; Thiru Dr. T. R. B. Rajaa, Honorable Minister for Industries, Government of Tamil Nadu; Thiru V. Arun Roy IAS, Industries Secretary, Member of Parliament – Thoothukudi constituency; Ministers of state, MLAs (Members of Legislative Assembly of Tamil Nadu), senior representatives from the State government and the VinFast India leadership team. Spanning 400 acres within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, the electric vehicle facility boasts a total initial investment of $500 million over 5 years, with a projected capacity of 150,000 vehicles annually. This will create jobs for 3,000 to 3,500 local people. While strengthening partnerships with world-leading suppliers, VinFast also plans to promote localization, contributing positively to local economic growth. Mr. Pham Sanh Chau, CEO of VinFast India, commented on this historic milestone, stating: "VinFast's groundbreaking ceremony for its plant in Thoothukudi, Tamil Nadu, is a significant stride towards sustainable and green mobility in India. By establishing