VinFast has been developing at an express speed, which is exactly what Chairman of Vingroup Pham Nhat Vuong expected at the "fateful" meeting with Vo Quang Hue when he was still a managing director of Bosch Vietnam.
The two cars are designed by Pininfarina under a $5 million contract to develop and manufacture cars following intellectual property rights acquired from BMW.
According to the latest price list announced, prices of BMW Motorrad models distributed by Truong Hai Auto Corporation, commonly known as Thaco decrease from VND129 million or equivalent to $5,675 to VND199 million or $8,755.
Truong Hai Auto Corporation (THACO) has revealed that it will open 15 BMW and MINI showrooms within two years to offer the best maintenance and after-sales services to customers over the country.
Euro Auto Joint Stock Company (Euro Auto), the authorized importer and distributor of BMW, has falsified the records for tax avoidance, constituted behavior associated with the smuggling and transferred all illegal profits abroad, according to General Department of Vietnam Customs (Vietnam Customs).
In response to claim by BMW's representative on occassion of visit to Germany, the Prime Minister Nguyen Xuan Phuc confirmed the automaker BMW could access its batch of cars being held at HCM City’s port for maintenance but the firm must replace its local dealer Euro Auto due to violations of the country’s regulations
