Vietnam's VinFast eyes US market
New Straits Times — VIETNAMESE auto startup VinFast plans to invest up to US$2 billion (RM8.32 billion) to break into the lucrative United States auto market.
Vietnam’s richest man and billionaire Pham Nhat Vuong, who is charge of the new automaker, is so intent on exporting electric vehicles to the US in 2021 that he’s using his own funds to achieve it.
Auto market filled with gloom despite falling prices
VNA — Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed, spreading more gloom about the sector’s health.more
ZF opens its first plant in Vietnam
ETAuto — ZF also says that this plant will help the brand in its strategy to become one of the fastest-growing automotive markets in South East Asia.more
Surge in Car Imports Points to Vietnam Market’s Potential
WardsAuto Jens Kastner — The Vietnamese government’s Industrial Policy and Strategy Institute predicts 750,000 to 800,000 cars will be sold annually by 2025, up from 288,683 in 2018. By 2035, it predicts annual sales will be between 1.7 million and 1.8 million.more
August car imports up
Viet Nam News HÀ NỘI — Vietnamese businesses imported nearly 10,000 completely built cars in August, up 50 per cent compared with the previous month, according to the General Department of Vietnam Customs.more