Vinfast

ASEAN Is Serious About Electric Vehicles

Commercial fleets and two-wheeled vehicles are expected to be the biggest drivers of growth in ASEAN’s electric vehicle (EV) market.A recent report by consultants Bain & Company estimates that the region’s annual new investment in passenger EVs will grow to US$6 billion by 2030, and will require another US$500 million in new charging infrastructure as service providers support electrification needs. Combined with the billions more ASEAN will have to invest in EV-related telec

6 July 2019
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Vietnam’s VinFast rolls out first car

Real-estate conglomerate Vingroup JSC’s auto unit VinFast marked the rollout of its first vehicles from its assembly line on Friday, embodying the aspirations of the fast-developing country’s government to build a modern manufacturing sector.“This makes a great contribution to the national economy,” Vietnamese Prime Minister Nguyen Xuan Phuc said in a speech during a ceremony at VinFast’s complex of six automated factories constructed in 21 months in the northern port city of Haiphong.

15 June 2019
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Can VinFast boost Vietnam’s automotive market?

In June 2017, Vingroup, a Vietnamese conglomerate focusing on real estate development, retail, mobile and various services decided to diversify its business and launch Vietnam’s first domestic car manufacturer, VinFast. Not long after, in September 2017, VinFast opened its first manufacturing complex worth US$1.5 billion in the northern port city of Hai Phong, officiated by Nguyen Xuan Phuc, the Vietnamese Prime Minister himself.

30 January 2019
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Vinfast to stir up Vietnam’s automotive market

Last September, Vietnamese Prime Minister Nguyen Xuan Phuc launched the construction of Vingroup’s automobile manufacturing complex in the northern port city of Hai Phong. The automobile manufacturing complex will be the production centre of Vietnam’s first national car, Vinfast. Bloomberg reported in September 2017 that conglomerate Vingroup plans to invest up to US$3.5 billion to build a manufacturing and research and development complex.

27 February 2018
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