The 700,000th Toyota Motor vehicle is a Veloz Cross. (Source: https://www.toyota.com.vn/)

This event marks Toyota's 30 years of operations in Vietnam in September 2025, demonstrating the company's commitment to advancing the domestic automotive industry.

Toyota Motor Vietnam's factory in the northern province of Vinh Phuc was established in 1995 and officially began operations one year later. From an initial production rate of just two vehicles per day, the plant's capacity has now grown to over 108 vehicles per day, or approximately 27,000 per year. This steady expansion shows Toyota's stable and sustainable growth in the Vietnamese market.

Toyota Motor was also the first automaker in Vietnam to be granted ISO 14001 certification for environmental management in 1999, and has continuously maintained and improved its system since then. Currently, Toyota produces and assembles five models - Vios, Innova, Fortuner, Veloz Cross, and Avanza Premio. Among them, Vios and Veloz Cross are consistently among the best-selling models in the market. The 700,000th vehicle was a Veloz Cross.

Not only leading in production volume, Toyota Motor is also the first automaker in Vietnam that completed a full five-stage manufacturing process - stamping, welding, painting, assembly, and quality inspection. Its stamping workshop was launched in 2003.

One of Toyota Motor Vietnam's key commitments is to promote product localisation and drive the development of the domestic supporting industry. The company has signed a Memorandum of Understanding (MoU) with the Ministry of Industry and Trade to support local enterprises operating in supporting industries, and strengthen links between domestic businesses and automotive manufacturers in Vietnam.

To date, Toyota Motor has partnered with 60 suppliers, including 13 Vietnamese companies, lifting the total number of localised products to over 1,000. The company also provides stable jobs for more than 1,500 labourers, making a significant contribution to Vinh Phuc's socio-economic development.

With these achievements, Toyota Motor Vietnam was honoured with the Good Factory Award 2024, a prestigious recognition for factories that excel in productivity, quality, and operational improvements in manufacturing across Japan and Asia. The award, presented by the Japan Management Association, made Toyota Motor Vietnam the only manufacturer outside Japan to receive this distinction.

Toyota Motor Vietnam continues to reaffirm its long-term commitment to supplying high-quality products and services, while contributing to Vietnam’s development.