Japan’s automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.

The executive made the statement on Thursday, during the groundbreaking ceremony of Toyota’s new office in Phu Tho province, northern Vietnam. The hybrid vehicle line is the next phase of the project, he clarified.

The hybrid vehicles from the production line are set to become the first Toyota hybrid cars in Vietnam.

He also highlighted an achievement in 2025 that Toyota became the first brand in Vietnam to reach a total sales of one million unit so far, while it total output reached 700,000.

Vietnam is pushing the usage of electric vehicles to meet its Net-zero target for 2050. For example, local electric vehicle (EV) brand VinFast sold 175,099 units in 2025, doubling from that in 2024. Meanwhile, other brands, mostly gasoline vehicles, sold 375,736 units, according to data of the Vietnam Automobile Manufacturers Association (VAMA).

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