First glimpse into how Vietnam’s home-grown cars will look like

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Vietnam is set to build up its own car industry, and it seems to have quite some good-looking designs in mind. Vinfast, the new automotive unit of Vietnam’s industry conglomerate Vingroup, just released 20 design studies of its planned cars, of which two prototypes are expected to be presented at the Paris Motors Show in October and at the Vietnam Motor Show in December this year.

Vinfast said it will co-operate with Italy’s leading car design firm Pininfarina, as well as Germany’s BMW to develop the first two sedan and SUV automobile designs. On January 18, Vinfast signed the a $5-million contract with Pininfarina, while simultaneously releasing plans to buy the intellectual property rights from BMW for their designs.

Other involved designers are Zagato, Torino and ItalDesign, studios behind designs for notable brands such as Ferrari, Porsche and Jaguar, among others. The designs show sleek and sporty models, each with a “V” emblazoned on their grilles.

With regards to automotive technology, Vinfast signed a cooperation agreement with Canada’s Magna and Austria’s AVL, two leading high-tech suppliers in automobile manufacturing. In addition, Bosch, a German supplier of technology and services, signed a memorandum of understanding on co-operation in car and e-scooter manufacturing.

In September last year, Vinfast broke ground on both a car and a scooter factory in the northern province of Hai Phong, where it will first start with the production of electric motorbikes as early as this year. The first car is planned to be launched in September 2019, and the target is to produce 500,000 vehicles in the country by 2025 for both the domestic market (which has a volume of about 250,000 new cars sold annually) and for export.

In a move that some see as early market protection, Vietnam’s government last November issued a decree on car manufacturing, assembly, importation and warranty offering, a move that already tightened car imports from January 1, 2018, onwards.

Car importers in Vietnam are now required to obtain special certifications which detail incoming vehicles’ quality, safety and environmental protection. In addition, one sample will be selected from every batch of imported cars for emission, quality and technical safety tests. The inspection would be repeated in the next shipment, even on the same car models.

While most manufacturers likely have no problems fulfilling the quality demanded by Vietnam, the sampling inspection can become be a hassle and increases logistics costs for imports.

 

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Reading Time: 2 minutes

Vietnam is set to build up its own car industry, and it seems to have quite some good-looking designs in mind. Vinfast, the new automotive unit of Vietnam’s industry conglomerate Vingroup, just released 20 design studies of its planned cars, of which two prototypes are expected to be presented at the Paris Motors Show in October and at the Vietnam Motor Show in December this year.

Reading Time: 2 minutes

Vietnam is set to build up its own car industry, and it seems to have quite some good-looking designs in mind. Vinfast, the new automotive unit of Vietnam’s industry conglomerate Vingroup, just released 20 design studies of its planned cars, of which two prototypes are expected to be presented at the Paris Motors Show in October and at the Vietnam Motor Show in December this year.

Vinfast said it will co-operate with Italy’s leading car design firm Pininfarina, as well as Germany’s BMW to develop the first two sedan and SUV automobile designs. On January 18, Vinfast signed the a $5-million contract with Pininfarina, while simultaneously releasing plans to buy the intellectual property rights from BMW for their designs.

Other involved designers are Zagato, Torino and ItalDesign, studios behind designs for notable brands such as Ferrari, Porsche and Jaguar, among others. The designs show sleek and sporty models, each with a “V” emblazoned on their grilles.

With regards to automotive technology, Vinfast signed a cooperation agreement with Canada’s Magna and Austria’s AVL, two leading high-tech suppliers in automobile manufacturing. In addition, Bosch, a German supplier of technology and services, signed a memorandum of understanding on co-operation in car and e-scooter manufacturing.

In September last year, Vinfast broke ground on both a car and a scooter factory in the northern province of Hai Phong, where it will first start with the production of electric motorbikes as early as this year. The first car is planned to be launched in September 2019, and the target is to produce 500,000 vehicles in the country by 2025 for both the domestic market (which has a volume of about 250,000 new cars sold annually) and for export.

In a move that some see as early market protection, Vietnam’s government last November issued a decree on car manufacturing, assembly, importation and warranty offering, a move that already tightened car imports from January 1, 2018, onwards.

Car importers in Vietnam are now required to obtain special certifications which detail incoming vehicles’ quality, safety and environmental protection. In addition, one sample will be selected from every batch of imported cars for emission, quality and technical safety tests. The inspection would be repeated in the next shipment, even on the same car models.

While most manufacturers likely have no problems fulfilling the quality demanded by Vietnam, the sampling inspection can become be a hassle and increases logistics costs for imports.

 

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