At the second Huyndai Thanh Cong Vietnam factory (Photo: VNA) Ninh Binh (VNA) – Auto manufacturer Thanh Cong Group and Huyndai MotorGroup inaugurated the second Huyndai Thanh Cong Vietnam factory in Gian Khau industrialpark, the northern province of Ninh Binh, on November 15.
Speaking at the event,Chairman of the Thanh Cong Group’s Board of Directors Nguyen Anh Tuan said thefactory is equipped with the latest technology from the Republic of Korea andwill manufacture hi-quality, eco-friendly and fuel-saving vehicles based onhigh-precision assembly lines and digital platform, toward becoming a smartfactory.
The event is alsomeant to mark the 30th anniversary of Vietnam-RoK diplomatic ties,the 30th anniversary of Ninh Binh’s reestablishment and the 15th anniversary of Thanh Cong Group’s investment in the province, he said.
The second factory spreads out over 50ha and has a total designed capacity of 100,000 unitsper year, raising the total capacity of two Hyundai Thanh Cong factories in Vietnam to 180,000 units by 2025 to meet demand at home andabroad.
Chairman of theprovincial People’s Committee Pham Quang Ngoc said it is one of the 16 keyprojects for 2021-2025 in the province. Thanh Cong Group and its joint venture partner Huyndai Motor Group have so far invested ineight projects worth nearly 12.3 trillion VND (512 million USD) in Ninh Binh.
Chairman Ngoc also committed allpossible support to the investors to do business in the province./.
