Ford Vietnam Explained

Ford Vietnam Limited
Type:Private joint venture
Location City:Hà Nội
Location Country:Vietnam
Industry:Automotive
Products:Automobiles, pickup trucks, commercial vehicles
Area Served:Vietnam
Owner:Ford Motor Company: 75%
DISOCO: 25%

Ford Vietnam Limited is the Vietnamese joint venture between Ford Motor Company (75%) and local Song Cong Diesel Company (25%), established in 1995. Ford's investment is credited with helping industrialize Vietnam.[1] Ford Vietnam has its headquarters in Hanoi with an office in Ho Chi Minh City and an assembly plant located in Hai Duong province - 55 km (34 mi) east of Hanoi, with the capacity of 14,000 vehicles per year until a 2018 expansion.[2]

In January 2020, Ford announced increased investment that would further expand capacity to 40,000 vehicles per year.[3] As of 2023, Ford had acquired a 13.9% market share, making it the third-largest automobile company in Vietnam.[4]

Ford Vietnam is the first automotive manufacturer in Vietnam receiving ISO 9001, ISO 14001 and QS9000 accreditation, ISO/TS16949 - 2002.

Notes and References

  1. News: From farm to factory: How Vietnam became globalisation winners . 23 January 2021 . Capital Business . Agence France Presse . 18 January 2017.
  2. News: Lam . Tue . Foreign-invested auto firms make a U-turn in Vietnam . 23 January 2021 . VN Express International . 7 August 2018.
  3. News: Ford invests $82 million to expand Vietnamese plant . 23 January 2021 . Reuters . 14 January 2020.
  4. Web site: Market share of leading automobile manufacturers in Vietnam in 2023 . 26 July 2024.