Vietnam's $17K Sedan Hits Showrooms On Monday - Can It Reshape The Industry?

Vietnam is getting into the car business with its own brand.

Real-estate conglomerate Vingroup JSC’s auto unit VinFast marked the rollout of its first vehicles from its assembly line on Friday, embodying the aspirations of the fast-developing country’s government to build a modern manufacturing sector.

“This makes a great contribution to the national economy,” Vietnamese Prime Minister Nguyen Xuan Phuc said in a speech during a ceremony at VinFast’s complex of six automated factories constructed in 21 months in the northern port city of Haiphong. “It affirms the Communist Party’s policy that the private sector is a very important driver of the economy. I want VinFast to go to the regional and global markets.”

dlin - 6/14/2019 10:19:56 AM

+2 Boost

Better design than Korean's

Truthy - 6/14/2019 1:13:58 PM

0 Boost

The Vietnamese are hard working and industrious. They will do well in SE Asia.

Foncool - 6/14/2019 2:26:39 PM

0 Boost

And they hate the Chinese.

MDarringer - 6/14/2019 4:07:09 PM

+2 Boost

Can't be worse than a Renault or a Fiat.

wilfred - 6/14/2019 5:34:59 PM

+2 Boost

Hope they got the memo they need a SUV if they want to sell and do well in US.

valhallakey - 6/15/2019 2:21:03 AM

+1 Boost

What an interesting statement... not that it hasn't been said in China many other ways... but this just took me “It affirms the Communist Party’s policy that the private sector is a very important driver of the economy. I want VinFast to go to the regional and global markets.”

skytop - 6/17/2019 12:19:20 PM

0 Boost

Is it 100% vegan?

Holydude - 6/18/2019 11:22:50 PM

+1 Boost

Sorry guys, they don't hate the Chinese, and they're also communist. In fact, Vietnam's FDI from China is by far the largest out of any country.

On the other hand, other than North Korea, the remaining "Communist" countries only pay lip service to that archaic form of ideology, and don't think the US/EU won't lie/cheat/steal their way to hegemony, there are plenty of Western History books out there that will attest to this fact.