Nation Thailand
Toyota expands in Vietnam while Thailand remains key production base
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Toyota Motor Vietnam’s investment of more than US$283 million, or about THB9.3 billion, has prompted claims that the Japanese automaker is moving production from Thailand to Vietnam, but the disclosed project and production figures do not support tha
Key facts
- In 2025, Toyota produced 564,933 vehicles in Thailand, an increase of 5% from the previous year
- The Vietnamese project expands and modernises Toyota’s existing operations in Phu Tho Province
- It exported 358,135 completed vehicles, up 6%, demonstrating Thailand’s continuing importance as an export-oriented production base.
- Toyota has also been reported as planning to invest more than THB55 billion over five years to upgrade production lines in Thailand for hybrid vehicles, nearly six times the value of the latest Vietnamese project
- Thai gold bullion plunges THB1,150 at Wednesday’s opening
- Toyota plans to begin constructing a paint shop and stamping plant in May 2027
Summary
The Vietnamese project expands and modernises Toyota’s existing operations in Phu Tho Province. It does not involve the announced closure of any Thai factory or the transfer of an existing Thai production line to Vietnam.
Instead, the investment indicates that Toyota is broadening its manufacturing network in Southeast Asia while retaining Thailand as a substantially larger production and export base.