(VOVWORLD) - Construction of an automobile assembly and manufacturing factory at cost of 137 million USD kicked off on Sunday in the northern province of Ninh Binh.
 The ground-breaking ceremony for the Hyundai Thanh Cong 2 automobile manufacturing facility in Ninh Binh on September 20, 2020. (Photo: nhandan.org.vn) |
Financed by Thanh Cong Group, the Hyundai Thanh Cong No 2 factory has a production capacity of 100,000 vehicles per year. The first phase is expected to be completed in 2022 and the second in 2025.
The factory will use green energy as well as environmentally-friendly technology that allow its products to reach European emission standards Euro 5.0 and Euro 6.0.