Ford Vietnam was established in 1995, and is a joint venture between Ford Motor Company (75%) and Song Cong Diesel Company (25%). Ford's investment is credited with helping industrialize Vietnam. Ford Vietnam has its headquarters in Hanoi with an office in Ho Chi Minh City and an assembly plant located in Hai Duong province - 55 km east from Hanoi, with the capacity of 14,000 vehicles per year until a 2018 expansion. In January 2020, Ford announced increased investment that would further expand capacity to 40,000 vehicles per year.