Hanoi, Vietnam – The Ford Motor Company has announced an investment of US$10 million to expand production at Ford Vietnam’s Haiduong assembly plant, increasing annual production capacity by 35 per cent. The expanded production will make Ford’s local assembly operation one of the biggest among the country’s Foreign Direct Investment automakers.
“This additional investment highlights the growing significance of Vietnam in our continued expansion and overall strategy for the Asia Pacific and Africa region,” said David Alden, president of Ford ASEAN. “We’re very optimistic about Ford’s long-term potential in Vietnam. 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 customers.”
The expanded annual production capacity of 9,500 units is scheduled to be online by the middle of the year. The Haiduong facility currently assembles the Ford Mondeo and Focus passenger cars, Everest and Escape SUVs, Ranger pickup and Transit van. Ford Vietnam achieved record sales of 5,975 vehicles in 2007, an increase of 165 per cent over 2006. Ford established operations in Vietnam in 1995.