Accordingly, James B.DeLuca will take responsibility for the construction, operation and development of the group's automotive division.
Based on his experience in the automotive industry as well as his extensive relationship with partners around the globe, Vingroup believe James will make an active contribution to the auto’s quality and to promote Vietnamese cars to the world market.
James has worked for General Motors (GM) for 37 years and has served as Vice President of Global Manufacturing, managing more than 200,000 employees and engineers at 171 branches in 31 countries. Under his leadership, GM has launched 19 new models in international markets.
James also gains broad knowledge of the world auto market, ranging from the US, Europe to South Korea, China, Australia, ASEAN, India, Middle East, Russia, Egypt and South Africa.
"Vietnam is witnessing great potential in the field of auto production. It is expected that by 2020, the domestic market demand will be about 450,000-500,000 units and will increase to 800,000-900,000 units by 2025." Vietnam is also trying to join the global production network. Therefore, we and our associates at VinFast will strive to achieve our goal,” said James.
With more than 30 years working at GM's manufacturing facilities, James understands every detail of the process of producing a car, from research and technology application, production, assembly to maintenance.
On last September 2nd, VinGroup kicked off its electric automobile and motorbike manufacturing complex named VinFast located in Dong Bai commune, Cat Hai district, Hai Phong city, officially entering into the local automobile production industry together with Hyundai - Thanh Cong and Truong Hai Auto.
VinFast has an area of 335 hectares, manufacturing internal combustion engine attached automobile, electric cars and motorbikes, amounting to the total investment capital of US$3.5 billion.
VinFast was located in the economic zone Dinh Vu - Cat Hai. This is the offshore economic zone in Cat Hai island district linking Hai Phong city via Southeast Asia's longest cross-sea bridge Tan Vu - Lach Huyen.
The automobile production project of VinGroup will settle around 25,000 jobs and contribute greatly to the state budget of Hai Phong city. It is estimated that VinFast will contribute around VND4,500 billion (roughly US$200 million),VND11,500 billion (US$500 million) and VND20,000 billion (US$900 million) to state budget of Hai Phong city in 2018, 2021 and 2025, respectively.