With an investment of 49.8 million dollars initially, immediately after its establishment, TMV has started with the construction and assembly production line with 3 main stages of the production process a complete car, that line South, Paint and Assembly. Then, in March 2003, TMV gave detailed hull Stamping Workshop operated vehicles and became the first automobile manufacturer in Vietnam with complete 4 basic manufacturing processes: stamping-ROK- painting-assembly-Check.
Through workshop activities Press Center in 2013 and exports of auto parts in 2007, as well as promote activities to raise local content in plants, TMV become producers automobile localization rate highest in Vietnam, reaching from 19% to 37% depending on the model (according to the method for calculating the value of ASEAN). Currently being assembled TMV 5 models in Vietnam including the Camry, Corolla, Vios, Innova and Fortuner. All these models are on the localization rate is high. Especially, with the efforts put Manufactory first chassis in Vietnam went into operation in September 2008, the proportion of Innova localization has reached 37%. In addition, to promote industry supporting industry, together with the constant search for parts suppliers in the country, TMV has invited successful efforts of companies providing auto parts under the Toyota group to invest in Vietnam as Denso, Toyota Boshoku Haiphong, Toyota Gosei Haiphong ... to cater to domestic production as well as exports of automotive parts globally. At the factory, TMV also done production, manufacturing many components, spare parts immediately TMV factory as: chassis, oil pipes, exhaust ... Currently, TMV keeps on working to bring more detailed categories in manufacturing, fabrication plant in TMV, contribute to improving the internal rate Localization of the company and contribute to the common development of the automotive industry in Vietnam. With the desire to gather and create favorable conditions for cooperation with potential suppliers, in April 2009 , TMV opened Localization Center at company headquarters in Vinh Phuc to display components, automotive parts localization potential for many different types of materials. On that basis, intuitive in establishing and localized product will be enhanced, making it easy to calculate and study domestic production for suppliers. Currently, TMV has not constantly researching and looking more domestic suppliers in order to improve the localization rate for the company's products in particular and contribute to the common development of the automotive industry in Vietnam in general.
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