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VinFart cars in a show in Ha Noi. The cars will be used to serve delegates from ASEAN countries during the 2020 ASEAN Summit held in Ha Long City in the northern province of Quang Ninh from November 27 to 29, 2020. — Photo courtesy of Vingroup

 

 

VinFast is the first automobile manufacturer in Viet Nam.

In September this year, Vingroup guaranteed payment for VinFast's obligations related to bonds with a maximum face value of VND5 trillion, which are expected to be issued this year.

VinFast was also guaranteed by Euler Hermes, an export credit agency in Germany, with a loan of $950 million in a 12-year term to import machinery and equipment for production.

The VinFast complex was built on an area of ​​more than 500,000sq.m of the complex’s total area of 335ha in Dinh Vu-Cat Hai Industrial Park in Hai Phong City, with an investment of $1.5 billion.

It’s equipped with modern technology and is designed to have a capacity of 250,000 vehicles per year in the first phase.

The second phase will see capacity increase to 500,000 cars per year by 2025. — VNS

Vinfast cars to serve Vietnam ASEAN Chairmanship activities

Vinfast cars to serve Vietnam ASEAN Chairmanship activities

Made-in-Vietnam Vinfast cars will be used to serve many activities of the Vietnam ASEAN Chairmanship Year 2020.  

Vinfast announced as F1 Vietnamese GP’s title sponsor

Vinfast announced as F1 Vietnamese GP’s title sponsor

VinFast, an automotive manufacturer in Vietnam, was yesterday unveiled as the title sponsor of the 2020 Formula 1 Vietnam Grand Prix.