LOOKS like Vietnam is moving into the car making business with a new company, VinFast, developing its own range of vehicles to be produced at an all-new manufacturing facility in the north of the country.
It will launch at the Paris Motor Show in October with an SUV and a saloon, both developed by Pininfarina.
VinFast said it is also rapidly developing other vehicles and the company is planning to export to foreign markets in the coming years.
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It is working with world-leading European design, engineering and production technology partners to create products that meet international standards and customer expectations in terms of design, quality, dynamics and premium in-car features.
VinFast has also recruited senior executives from some of the industry’s leading automotive companies and has started construction of its plant in Hai Phong, northern Vietnam – one of the country’s biggest industrial projects ever.