The launch ceremony of Polaris Group’s second factory in Vinh Phuc province

In 2023, Polaris Group announced an increase in its investment in Vietnam by commencing the construction of a 12-hectare factory in Ba Thien 2 Industrial Park, with a total investment of US$36 million. This facility will focus on producing large-displacement motorbikes. It marks Polaris Group's second project in Vinh Phuc province and its 20th factory worldwide.

Alongside its first operational factory, the completion of this second factory will help achieve the capacity target of producing 10,000 motorbikes and 30,000 large-displacement engines per year for export. This project is also expected to create jobs for 600 local workers.

Guests tour Polaris Group’s new factory  

During the ceremony, Tran Duy Dong praised Polaris Group for efficiently executing procedures after receiving the investment certificate and launching the project on schedule. He said that the factory's operation will benefit investors, enhance the value of industrial production, create jobs and income for local workers, and boost the province's state budget revenue.

He also urged Polaris Group to adhere to Vietnamese laws and foster cooperative relationships with local authorities. He emphasized the importance of developing production and business practices that protect the ecological environment, prevent fires and explosions, ensure labor safety and promote harmonious relationships between employees and employers. He also highlighted the need to improve the lives of employees.

With the motto of placing enterprises at the center of development, Vinh Phuc is committed to creating a favorable business environment and implementing administrative reforms. The province will prioritize training high-quality human resources to support businesses, including Polaris Group.

To advance its economy toward a digital and knowledge-based model, Vinh Phuc province will prioritize attracting high-tech projects in the coming period. This includes a focus on clean energy, the computer and electronics industries, civil electricity, semiconductors, mechanical engineering support sectors, and the automotive and motorcycle industries.

Polaris Group ranks among the 500 largest enterprises in the United States, specializing in the assembly of motorcycle engines, automobiles and other transportation means. The group currently operates 20 plants worldwide, with two located in Vinh Phuc province. Its first factory in the province was established in collaboration with Northstar Precision Vietnam Co., Ltd in Khai Quang Industrial Park.