Hòa Phát Refrigeration plans to invest USD 50 million in a new refrigerator factory in Phú Mỹ, Ho Chi Minh City, with annual capacity of 1.2 million products. The factory will produce large-capacity refrigerators for Vietnam and export markets including North America, Europe and parts of Asia.

Hòa Phát Refrigeration is preparing to invest USD 50 million in a new refrigerator factory in Phú Mỹ, Ho Chi Minh City, with planned annual capacity of 1.2 million products. The factory will focus on large-capacity refrigerators for the domestic market and key export destinations including North America, Europe and several Asian countries.

The project follows the company’s move to bring Funiki refrigerators into the North American market and signals a broader push to strengthen the Hòa Phát–Funiki home appliance portfolio in 2026.

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A Factory Focused on Large-Capacity Refrigerators

The Phú Mỹ factory is designed to produce refrigerator models ranging from 300 liters to more than 800 liters. This segment has been identified by Hòa Phát Refrigeration as a priority for both domestic consumption and export.

The company is targeting markets with high technical and energy-efficiency requirements. These standards require close control across the full production process, from input components to finished products.

To meet these requirements, Hòa Phát Refrigeration is applying a unified quality control process across its production line, including OEM products. This covers component selection, supplier evaluation and quality inspection before products leave the factory.

Expanding the Refrigerator and Freezer Portfolio

Alongside the factory investment, Hòa Phát Refrigeration is also completing a more diversified refrigerator portfolio in 2026. From its base of mini refrigerators and traditional two-door models, the company is developing Side by Side and Multi Door products.

These segments are increasingly relevant as urban consumers upgrade kitchen spaces and seek products with larger capacity and more flexible design.

In the freezer category, Hòa Phát Refrigeration is expanding its range from mini models for household use to large-capacity models for business needs. In addition to traditional steel-door products, the company is promoting tempered-glass-door models with two compartments.

These models support separate freezing and cooling modes within one product and integrate inverter technology to reduce electricity consumption during continuous operation. This is a practical factor for food business households that need equipment running throughout the day.

Products Designed for Commercial Users

For chillers, Hòa Phát is designing products around specific commercial customer groups, including convenience stores, cafés, F&B chains and retail systems. Instead of developing one general product for the whole market, the company is adjusting products to match different needs in capacity, display style and operating frequency.

The products are therefore optimized around two factors that directly affect selling-point costs: display capability and electricity consumption.

Hòa Phát Refrigeration is also expanding beyond refrigeration. In 2026, the company is launching the Funiki PowerAI HPIC air conditioner with integrated Wi-Fi, allowing users to control the device remotely or set automatic operating schedules through the HAC SmartLife mobile application.

The company is also developing new-generation washing machines and dryers, expected to launch in 2026, further adding to the Hòa Phát–Funiki home appliance portfolio.

Building for Export Standards and Domestic Demand

The planned factory gives Hòa Phát Refrigeration a larger production base for high-capacity refrigerators while supporting a broader product roadmap across refrigerators, freezers, chillers, air conditioners, washing machines and dryers.

With domestic demand and export requirements both shaping the investment, the project places manufacturing scale, quality control and product diversification at the center of Hòa Phát’s appliance strategy.

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