The birth of VinFast cars shows the desire to build a world-class Vietnamese brand.

The fact that a large economic group has invested billions of USD with the goal of producing cars in the country has aroused the dream of Vietnamese brand cars into reality. To implement this ambitious project, Vietnam's largest real estate company, Vingroup, has decided to invest 3.5 billion USD in the VinFast car research and production complex project. . VinFast aims to become a leading automobile manufacturer in Southeast Asia with its main products being internal combustion engine cars, electric motor cars and environmentally friendly electric motorcycles. With the determination and aspiration of the corporation in particular and of millions of Vietnamese people in general, we hope that in the near future, there will be a car "made in Vietnam" that meets two criteria: price: affordable and quality guaranteed”.

Associate Professor - Dr. Pham Bich Sang, an expert in the automotive industry, explained: "Firstly, the market is growing rapidly, people's income has increased from 2000-3000 USD, while meanwhile The ASEAN auto market is about to reduce tax to zero, so the market is expanding, not only in Vietnam but also in other markets. Next, Vietnam's traffic infrastructure is also heavily invested. Traveling by car has become much more comfortable and the important thing is that now the mood of society has also changed, especially policies on automobiles, about the role of the private economy.

Source: Collector