Vietnam's VinFast targets annual production of 1m EVs by 2030

Founder Pham Nhat Vuong commits to pouring $2bn into the expansion

20250611 India's five-day auto show in New Delhi

VinFast's new VF 6 on display at an auto show in New Delhi on Jan. 18: The company is due to open an assembly plant in Tamil Nadu, India, in July. © Reuters

ATSUSHI TOMIYAMA and MAI NGUYEN

TOKYO/HANOI -- Vietnamese electric vehicle (EV) maker VinFast has unveiled an ambitious plan to increase production to 1 million in 2030.

Production figures for this year have not been released, but the company's current annual capacity is 250,000 units.

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