The Ford Hai Duong expansion project’s first phase, which started in January last year, was completed on July 15, with 80 percent of the total investment in the project disbursed.
The firm will bring its total number of employees to 1,200, when the two-phase project is completed in the middle of 2022.
On January 14 in 2020, Ford Vietnam announced it would invest an additional 82 million USD into expanding its Hai Duong automobile assembly and production factory. Aiming to increase the plant’s annual output to 40,000 units from the current 14,000, this move brought Ford’s total investment in Vietnam to more than 200 million USD.
The factory has been being expanded by more than 60,000 square metres, raising its total area to 226,000 square metres. Once completed, it will assemble and manufacture various models of cars and spare parts, as well as provide maintenance and repair services.
The same day, Ford Ranger pickup trucks, locally assembled at the facility, became available for delivery.
Ranger is the key product of Ford Vietnam, remaining in the top 10 best-selling vehicles in the country for months. Local sales of Ford Ranger reached 754 in June, bringing the total units sold in the first half of 2021 to 6,912. The model was imported to serve local demand for the past two decades.