On 5 December 2025, Kim Long Motor Huế inaugurated its Yuchai engine manufacturing plant on a 6.5-hectare site, with initial investment of USD 260 million and automation of up to 90%, which the article presents as a move from assembly toward mastering core technologies. The first phase, covering 2.5 hectares, can produce over 40,000 diesel engines a year, taking about 3 minutes per engine, and is aimed at domestic demand and exports to ASEAN, South Korea and the Middle East. A second phase will automate production of core components and add a forging plant, raising engine localisation to 80%. By comparison, localisation for passenger cars under nine seats averages only about 7-10%, well below the 40-45% target set for 2025, and Vietnam has 377 automotive enterprises, 169 of which have foreign investment (46.43%).
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chấm dứt giai đoạn chỉ gia công lắp ráp, Việt Nam chính thức bước vào làm chủ các công nghệ lõi trong lĩnh vực rất quan trọng
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Related tickers and likely impact
FPT
▲ Likely positiveFPT Corp
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Technology |
| Industry | Computer Services |
| Market cap | 99,378 bn VND |
| P/E | 9.9 |
| P/B | 2.32 |
| Close on 10/30/2026 | 52.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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