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Thanh Hoa terminates operation of Vinaxuki automobile factory project ‘trillion billion’

The Office of the People’s Committee of Thanh Hoa province said that it has just assigned the Department of Planning and Investment to carry out procedures to terminate the operation of the Vinaxuki Song Loc – Thanh Hoa project cluster of automobile and construction machinery factories. Vinaxuki Thanh Hoa Automobile One Member Limited Liability Company and revoked Investment Certificate No. 2612100030 dated October 26, 2010 issued by Thanh Hoa Provincial People’s Committee to Vinaxuki Thanh Hoa Automobile One Member Co., Ltd. to ensure compliance with regulations.

  Thanh Hoa terminates the operation of the trillion-dollar Vinaxuki automobile factory project - Photo 1.

Before the land was acquired and the termination procedures were carried out, the project had been abandoned for many years

The project of Cluster of factories for manufacturing and assembling automobiles and construction machines of Vinaxuki Thanh Hoa was licensed by Thanh Hoa Provincial People’s Committee to build for Vinaxuki Thanh Hoa Automobile Company Limited since 2010 with a total investment capital of the project. is 1,360 billion VND. The project has a land use area of ​​45.6ha in Dai Loc and Trieu Loc communes, Hau Loc district. After two years of implementation, the factory began to stall, covered with mats and abandoned for many years.

In June 2021, the People’s Committee of Thanh Hoa province decided to acquire the land of Vinaxuki Thanh Hoa Automobile Company Limited and lease it to the Global Audiovisual Entertainment Joint Stock Company – Financial Investment Group (TF Group). land to continue using for the purpose of implementing the project Cluster of factories for manufacturing and assembling automobiles and construction machines with a total investment of VND 6,900 billion.

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