Vietnam electric-vehicle firm VinFast to hire 8,000 more for production

Vietnam electric-vehicle firm VinFast to hire 8,000 more for production

HANOI Vietnam's VinFast plans to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of the year, the company said.

VinFast, a unit of Vietnam's biggest conglomerate Vingroup, employs 6,000 people in total.

The company announced in a Facebook post on its verified account that the hiring of its plant in Haiphong, Vietnam, is a result of new recruitments for VinFast's production expansion.

There will be an increase in the number of assembly workers, technicians, and engineers who will start working from August and September. The Haiphong plant has capacity of 250,000 cars per year and VinFast expects to increase that capacity to 600,000 by the year 2026.

In March, VinFast announced that it would build a plant in North Carolina with an initial projected capacity of 150,000 EVs a year. The plant will create 7,500 jobs, according to the company.

VinFast expects to sell 750,000 EVs a year by the year 2026, starting with the VF 8 and VF 9 all-electric SUVs it plans to produce in Vietnam for sales in North America and Europe.

The company said it had nearly 8,000 reservations in the United States and expects to export and deliver VF 8 models from the plant in Haiphong to U.S. customers by the end of the year.

VinFast's expansion and hiring in Vietnam comes at a time when Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam in response to slower demand.

Samsung, the world's largest smartphone maker and Vietnam's largest foreign employer, produces half of its global output in Vietnam.