VinFast opens branches in EU and North America
The phase-out of fossil-fueled cars in Europe and North America will be a great opportunity for VinFast to conquer these markets.
The phase-out of fossil-fueled cars in Europe and North America will be a great opportunity for VinFast to conquer these markets.
The Vietnamese automaker wants to engage Lao consumers through a local group.
The Vietnamese automaker aims to become a global smart electric car company.
Car sales in Vietnam in 2020 dropped 8% year-on-year to 296,634 units across all segments.
Vingroup plans to sell Vsmart smartphones in 2020 and VinFast cars in 2021 into the US market, Vice Chairwoman of Vingroup Le Thi Thu Thuy told an interview on CNN.
Fitch Solutions has forecast that Vietnam's automotive market will remain robust in 2020, as an improved credit outlook and declining vehicle prices all support higher vehicle demand.
According to the agreement, Vingroup’s retail arm VinCommerce and its subsidiary VinEco would merge into Masan Consumer Holdings, the retail consumer business of Masan.
While the recent trade tensions have merely accelerated the movement of supply chains to Vietnam, they were not the trigger.