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Vingroup’s billionaire Pham Nhat Vuong is taking an unexpected step entering the world's largest electric car market.
Hybrid electric vehicles (HEV), which have maximum fuel economy, low emissions and smooth operation, are suited to Vietnam’s climate and transport conditions, experts say.
Making solid-state batteries is a prerequisite for the development of the electric vehicle (EV) market, helping create smart cars which can run thousands of kilometers after just minutes of battery charge.
Following success in the domestic market, many Vietnamese businesspeople are seeking profits from outward investment projects.
Vietnam’s industry has seen the fastest upward movement in ranking in global competitiveness among Southeast Asian countries, coming closer to the top 4 ASEAN countries.
Vietnamese manufacturers are taking steps to become the ‘new Detroit of Asia’.
As part of a new package to help the automobile market stay afloat after this year’s global woes, locally-manufactured vehicles will benefit from a massive cut in registration fees,
With the agreement announced on May 4, Vsmart has become the second brand of Vingroup cooperating with a leading Italian industrial designer.
The crucial ventilating equipment used to save the lives of coronavirus patients are becoming a commodity much sought after by many countries, including Vietnam.
Vingroup announced on April 3 that it would produce ventilators and body thermometers to serve the domestic market amid the complicated developments of the COVID-19 pandemic.
The US-based General Motors (GM) has stated it will stop selling Chevrolets this year and shut down its factory in Thailand from which Chevrolets are exported to Vietnam.
The government will soon issue the legal document amending Decree 116 on the conditions for manufacturing, assembling, and importing cars, and providing car maintenance services.
VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, has reported it had received over 17,000 orders for VinFast cars, and 50,000 others for electric motorcycles in 2019.
The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.
Formula 1 Grand Prix is considered the most expected must-watch race in the world, attracting millions of spectators worldwide annually.
Car sales in November failed to meet expectations even though the year-end shopping season has started and despite various discounts of up to hundreds of millions of dong.
The high production costs, taxes and fees all make automobile prices in Vietnam much higher than in other countries in the region.
VinFast, the automobile manufacturer belonging to Vingroup, said it is selling cars at a loss.
Hybrid, PHEV and EV engines help reduce harmful emissions and save fuel, but they are not favored in Vietnam because of the lack of encouragement measures.
Made-in-Vietnam Vinfast cars will be used to serve many activities of the Vietnam ASEAN Chairmanship Year 2020.