Made-in-Vietnam cars have just hit the market, the first step in Hanoi’s grand plan to become a new auto-production hub.
https://www.asiatimes.com/2019/07/artic ... ing-crown/Vinfast, a subsidiary of Vietnam’s Vingroup, the communist country’s largest private conglomerate, last month rolled out its first made-in-Vietnam automobile model, a combustion engine hatchback that at a sticker price of about US$19,000 has taken on Japanese and Korean brands in the nation’s fast-revving domestic market.
The company hopes to launch 12 different models of automobiles including electric vehicles by 2020, aiming at a production of 250,000 vehicles a year in the first phase of a $3.5 billion investment in a 335-hectare production facility in the northern coastal town of Haiphong. ...