Toyota Invests $283M in Vietnam While Thailand Remains Key Production Base
Toyota Motor Vietnam is investing more than US$283 million in a project covering 28.6 hectares with registered annual production and assembly capacity of about 52,000 vehicles, including electrified models. Claims that production is being moved from Thailand are not supported by the figures. Toyota also plans to invest over THB55 billion in Thailand over five years to upgrade hybrid vehicle lines, reinforcing Thailand’s ongoing export-focused role.