Ford announces $10 million investment for Vietnam plant ~ Auto Guru India - Junction of News, Auto Reviews, Advice

Apr 1, 2008

Ford announces $10 million investment for Vietnam plant

Ford Motor Company today announced an investment of US$10 million to expand production at Ford Vietnam's Haiduong assembly plant, increasing annual production capacity by 35 percent. The new investment reaffirms Ford's commitment to developing and implementing an aggressive growth strategy in Vietnam, and the expanded production will make Ford's local assembly operations one of the biggest among the country's Foreign Direct Investment (FDI) auto makers.

“This additional investment highlights the growing significance of Vietnam in our continued expansion and overall strategy for the Asia Pacific and Africa region. We’re very optimistic about Ford's long-term potential in Vietnam," said David Alden, president of Ford ASEAN. "Our Vietnam strategy is aligned with our resources and operations in the region, and will allow us to continue delivering high quality Ford products that are built for ASEAN, and specifically Vietnamese consumers.”

Ford Vietnam's expanded annual production capacity of 9,500 units is scheduled to be online by the middle of the year, helping to meet increasing demand of Ford vehicles in Vietnam's rapidly expanding auto sector. The Haiduong plant was developed and designed as a highly-flexible facility, and this expansion will allow Ford to increase and adjust production rates to meet real-time customer demand across its product range.

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