South Korea’s Soosan Plans to Begin Building an Automobile Factory in Bắc Ninh in 2027
South Korea’s Soosan Group is finalizing the detailed design of its automobile manufacturing project in Bắc Ninh. Construction is planned to begin in 2027, with operations targeted for July 2028. The project has registered investment of about US$37.9 million and is one of the group’s two projects in the city.
South Korea’s Soosan Group (Tập đoàn Soosan) is finalizing the detailed design of its automobile manufacturing project in Bắc Ninh. It plans to begin building the factory in 2027 and aims to start operations in July 2028. Located in Nam Sơn - Hạp Lĩnh Industrial Park, the project covers 8 hectares and has registered investment of about US$37.9 million. It received an investment registration certificate in April 2026 and is intended to produce automobiles, motor vehicles, trailers, semi-trailers, and lifting and loading equipment.
Illustration of the automobile manufacturing project.（VietVance）
According to the Bắc Ninh City Party Committee’s electronic portal, City Party Secretary Nguyễn Hồng Thái met Soosan Group Chairman Chung Suk Hyun on the afternoon of November 12. During the meeting, Chung Suk Hyun outlined the project’s progress and said he hoped local authorities would help maintain existing production and resolve legal procedures for the new project to speed its development.
Soosan Group currently has two projects in Bắc Ninh City, with a combined investment of US$45.9 million and a total land area of 13 hectares. The other project, run by Doosung Vietnam Automobile Co., Ltd. (Công ty trách nhiệm hữu hạn Ô tô Doosung Việt Nam) in the Hạp Lĩnh Industrial Cluster, covers nearly 5 hectares and has an investment of US$8 million. It mainly produces semi-trailers and specialized vehicles. The project generated VND 691 billion in revenue in the first three quarters of 2026 and provides 180 jobs.
Chung Suk Hyun said the group’s main businesses are electric power, heavy machinery and specialized equipment manufacturing, and information technology. Its Soosan Vietnam Automobile Co., Ltd. (Công ty trách nhiệm hữu hạn Ôtô Soosan Việt Nam), also known as Soosan Vina Motor, has operated in the commercial and heavy vehicle sectors for 20 years. The group hopes to increase automation in production and expand its investment.
Source: VietVance
