General Motors (GM) and VinFast, a subsidiary of leading Vietnamese corporation, Vingroup has just announced a landmark strategic partnership agreement, which will drive long-term growth and expansion for GM’s Chevrolet brand and VinFast in Vietnam.
VinFast has successfully caught the eyes of many reputable investors making them willing to supply parts, components and accessories for VinFast at their Suppliers Workshop held recently in Frankfurt, Germany.
The two cars are designed by Pininfarina under a $5 million contract to develop and manufacture cars following intellectual property rights acquired from BMW.
VinSmart will not only conduct researches in science and technology but also apply useful ones to life.
Vsmart plant will be built at VinFast auto manufacturing complex in the Hai Phong's Dinh Vu – Cat Hai economic zone.
Vinfast is on the right track, not only does it have the ability and great resources but also a team of world-class experts to apply modern science and technology, industrial revolution 4.0 into automobile production, according to Prime Minister Nguyen Xuan Phuc.
Vingroup’s after-tax profit increased by 70 per cent over the same period last year, according to its financial statement for the first quarter of 2018 just released.
The consolidated financial report for 2017 just released by Vingroup recorded total consolidated revenue of VND89,350 billion in 2017, equivalent to $3.92 billion, up 55.1 per cent compared to 2016.
In Vietnam, still many billionaires are hidden as their business activities are not transparent and listed on bourse, according to Doctor Nguyen Van Thuan from the HoChiMinh City Marketing and Financial University.
After a ten-day poll, the contest "Selection of your own cars – 2" initiated by Vinfast has found two most favorite electric and mini car designs out of 36 designs.