Thanh Cong - Viet Hung auto plant to be put into operation by the end of 2024

Having been launched since September 2020, the project of Thanh Cong - Viet Hung auto plant is expected to be accomplished by the end of this year.

Thanh Cong Viet Hung, owned by Thanh Cong (TC) Group, the assembler and distributor of Hyundai vehicles in Vietnam, is headquartered at Viet Hung Industrial Park, located in Ha Long City, with its charter capital reaching VND1.736 trillion ($72.9 million).

The auto manufacturing and assembling plant, once being put into operation, could churn out 120,000 cars per year and will become the first facility to assemble and make Škoda Auto-branded cars in Vietnam and Southeast Asia.

Previously, the Quang Ninh Economic Zone Authority on September 18, 2020 granted an investment certificate to the Thanh Cong Viet Hung auto plant project.

With dynamic leadership and strategic collaborations, the Thanh Cong Viet Hung automobile factory is poised to reshape Vietnam's automotive landscape, driving innovation and economic growth.