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.
The key to this strategy is an upcoming manufacturing plant costing VND1.5 trillion (US$64.6 million), which will reportedly have the scale to produce 300,000 smartphones annually.
Prime Minister Nguyen Xuan Phuc expressed his hope that Vingroup conglomerate will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex.
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