The Groundbreaking Ceremony of VMASS plant – Marking a Strategic Transformation Milestone
On July 23, 2026, Vietnam Machine Investment Development Joint Stock Company (VIMID – HOSE: VVS) officially held the groundbreaking ceremony for the VMASS Automobile Manufacturing and Assembly Plant at the Hai Phong Free Trade Zone (Hai Phong FTZ).
The event marked an important transformation for VIMID as the Company moves beyond product distribution and service provision to participate more deeply in Vietnam’s automotive manufacturing and industrial value chain.
Mr. Wang Zhi Jian, Party Secretary, Chairman and General Director of Shandong Heavy Industry Group, and Mr. Nguyễn Vũ Trụ, Chairman of VIMID.
The groundbreaking ceremony was attended by representatives of central and Hai Phong government agencies, organizations, and associations; leaders of the Vietnam Young Entrepreneurs Association, Hanoi Young Business Association, Hai Phong City Business Association, Hai Phong Association in Hanoi, and Sao Do Group; together with numerous domestic and international businesses and partners.
The event was distinguished by the presence of senior executives from Shandong Heavy Industry Group (SDHi) and SINOTRUK, as well as leaders of other companies within the SDHi ecosystem, including Weichai, Yunli, and Sunhunk—all influential partners in the global automotive supply chain.
Building on Its Brand Strength and Market Position, VIMID Advances Further into the Manufacturing Value Chain
After more than 16 years of development, VIMID has maintained its position as one of Vietnam’s leading companies in truck distribution, after-sales services, and the transportation ecosystem.
Investment in the VMASS Automobile Manufacturing and Assembly Plant represents the Company’s next stage of development and demonstrates its determination to strengthen its manufacturing capabilities, participate more deeply in the automotive supply chain, increase domestic value creation, and enhance the competitiveness of Vietnamese businesses amid growing international integration.
The plant is designed as a modern manufacturing facility incorporating advanced technologies and artificial intelligence. It will meet stringent requirements for quality, safety, and environmental protection while supporting the automotive industry’s ongoing digital transformation.
Shandong Heavy Industry Group and SINOTRUK Continue to Support VIMID
A notable aspect of the project is the support of two leading Chinese industrial groups: SDHi and SINOTRUK.
Over the years, VIMID and SINOTRUK have built a strong and enduring partnership, contributing to the development of Vietnam’s truck market through high-quality products and professional after-sales services.
Building on this foundation, SDHi and SINOTRUK will continue sharing their expertise in management, technology, and engineering while supporting VIMID throughout the implementation of the VMASS project. The parties aim to develop a modern and efficient manufacturing center suited to Vietnam’s development conditions.
The continued support of SDHi and SINOTRUK reflects their confidence in VIMID’s capabilities and development vision. It also demonstrates the increasingly extensive cooperation between Vietnamese businesses and international partners, founded on shared growth, collaborative value creation, and a common commitment to a sustainable future.
Mr.Liu Wei, Deputy Party Secretary and General Director of SINOTRUK, delivers remarks at the groundbreaking ceremony for the construction of VMASS.
The groundbreaking ceremony for the VMASS Automobile Manufacturing and Assembly Plant.
VMASS Aligns with Vietnam’s Industrial Development Strategy
The VMASS Automobile Manufacturing and Assembly Plant project is being implemented as Vietnam advances major policies of the Party and State on national industrial development, domestic manufacturing capacity, supporting industries, innovation, digital transformation, and green growth.
The decision to locate the project in the Hai Phong Free Trade Zone is also aligned with the city’s development strategy to become a major industrial and logistics center and an international trade gateway for northern Vietnam.
Once operational, VMASS is expected to strengthen Vietnam’s automobile manufacturing and assembly capabilities, promote the development of supporting industries, create more high-quality employment opportunities, and contribute positively to municipal budget revenue and economic growth in Hai Phong and Vietnam as a whole.
The project will also progressively increase the participation of VIMID and other Vietnamese businesses in regional and international supply chains, contributing to Vietnam’s goal of developing a modern, sustainable, and highly competitive automotive industry.
Senior executives from SDHi and SINOTRUK; representatives of central and Hai Phong government agencies, organizations, and associations; and members of VIMID’s leadership team.
VMASS Represents a Major Step Forward in VIMID’s Sustainable Development Strategy
Speaking at the ceremony, representative of VIMID stated:
“The groundbreaking ceremony for the VMASS Automobile Manufacturing and Assembly Plant marks a significant transition in VIMID’s long-term development strategy. The project demonstrates our commitment to investing in manufacturing capabilities and opens a new stage of deeper cooperation between VIMID and our strategic partners, SDHi and SINOTRUK.
We sincerely appreciate the support of regulatory authorities, the Hai Phong municipal government, and our partners throughout the project’s implementation. This plant will provide a foundation for VIMID to further strengthen its manufacturing capabilities, participate more deeply in regional supply chains, and make a greater contribution to the development of Vietnam’s automotive industry.”
With nearly two decades of continuous development and commitment to higher standards, the support of international partners, and Hai Phong’s favorable investment environment, the VMASS Automobile Manufacturing and Assembly Plant is expected to become an important link in VIMID’s industrial ecosystem. The project will contribute to realizing the goal of developing a modern and sustainable Vietnamese automotive industry that is increasingly integrated into the global economy.
Source: CafeF.vn
Featured news
Related news
Over the past 15 years of establishment and development, Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS) has steadily affirmed its strong position in Vietnam’s freight transport market. One of the company’s greatest sources of pride, and a clear testament to its long-term commitment to customers, is its nationwide network of 3S service stations and authorized dealerships. This extensive system serves as a distinct competitive advantage, reinforcing VIMID’s reputation for reliability and customer-centric service.
Lang Son, January 15, 2026 – Within the framework of the 2026 Customs–Business Dialogue Conference, Vietnam Machine Investment Development Joint Stock Company (VIMID – HOSE: VVS) was honored to rank first among 10 enterprises awarded Certificates of Merit by the Chairman of the Lang Son Provincial People’s Committee in recognition of outstanding contributions to state […]
As part of the 2025 Research Program on Innovation and Transformation in Key Economic Sectors, jointly conducted by Viet Research and Finance – Investment Newspaper (Ministry of Finance), Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS) was honored as one of the Top 10 Most Innovative and Efficiently Managed Companies in 2025 in the Manufacturing – Mechanical Engineering sector (VIE10). This recognition highlights companies that demonstrate strong business potential and performance through the active application of innovation and modernization.