VinFast makes debut at Vietnam Motor Show

Vinfast Makes Debut At Vietnam Motor Show
The VinFast Lux SA 2.0 is based on the BMW X5

Vietnam’s first home-grown car brand, VinFast, a unit of industry conglomerate Vingroup, made its first public appearance in its country of origin at the Vietnam Motor Show which kicked off on October 23 in Ho Chi Minh City. The company presented three models, a sport utility vehicle, a sedan and a compact car.

The staging followed VinFast’s international debut at the Paris Motor Show earlier in October.

The automaker opened a $3.5 billion factory in northern Vietnam in June, becoming the first major local car brand in this fast-growing Southeast Asian economy with a population of nearly 100 million. VinFast aims to be the biggest automaker in Southeast Asia, according to David Lyon, director of design of VinFast.

The Vietnamese auto market remains small, but a growth spurt is anticipated as per capita gross domestic product nears $3,000, the level at which car buying tends to accelerate. Auto sales grew 5.8 per cent last year to about 290,000 vehicles.

Vingroup, the country’s biggest listed conglomerate, has expanded from its core real estate business into smartphone and automobile manufacturing. The company is getting its engine from BMW and crucial parts from Bosch. The shape and the interior fittings come from Italian design studios Pininfarina, Torino Design, Zagato and Italdesign. The resulting vehicles are mostly German engineered BMW SUVs and nicely dressed up sedans and compact cars. VinFast puts a very prominent and bright “V” in LEDS on the hood.

The Vietnam Motor Show runs through October 27 and is expected to draw about 200,000 visitors, according to event organisers.

Not the only Vietnamese car brand

While VinFast is indeed the first major local car brand, it is not the first indigenous car produced in Vietnam. The first Vietnam-based auto maker was Citroën Xe Hoi Cong Ty, founded in 1936 by France’s Citroën in then French Indochina. Based in Saigon, the company from 1969 onwards produced multi-purpose vehicles under its own brand La Dalat. They were similar to the legendary Citroën Méhari and based on the chassis of the Citroën 2CV, but the body was made of steel instead of plastic as in case of the Méhari. The cars were powered by two-cylinder boxer engine with 602cc. With the collapse of South Vietnam in 1975 production ended.

Another car producer, Vinaxuki or Xuan Kien Auto, headquartered in Hanoi, manufactured and assembled cars and mini trucks under its own brand name as well as other Chinese brands with the ratio of local content in light trucks reaching 50per cent. Since it was established in 2004, Vinaxuki has launched 38 truck models, two semi-truck models, two touring car models and two coach models. The company in 2015 collapsed under its debt and amid stolen parts and equipment from the plant.

Other vehicle manufacturers are currently TMT Motors, formerly Cuu Long, which builds light and heavy trucks in partnership with Chinese truck makers and India’s Tata Motors, as well as Truong Hai Auto Corporation, which assembles cars for Mazda, Hyundai, Kia, Peugeot and Foton, but also produces in own bus brand Thaco.

Apart from them, vehicles are also locally produced by Saigon Mechanical Engineering Corporation, or Samco (mainly in cooperation with Toyota) , Vinamotor Vietnam Group (mainly in cooperation with Hyundai), Vietnam Engine and Agricultural Machinery Corporation, or Veam (in cooperation with Suzuki, Toyota and Ford), the latter’s subsidiary Mekong Auto Corporation (in cooperation with Fiat and Ssangyong), TCIE Vietnam (in cooperation with Nissan), Visuco (in cooperation with Suzuki) and Dothanh (in cooperation with Daewoo).

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The VinFast Lux SA 2.0 is based on the BMW X5 Vietnam’s first home-grown car brand, VinFast, a unit of industry conglomerate Vingroup, made its first public appearance in its country of origin at the Vietnam Motor Show which kicked off on October 23 in Ho Chi Minh City. The company presented three models, a sport utility vehicle, a sedan and a compact car. The staging followed VinFast’s international debut at the Paris Motor Show earlier in October. The automaker opened a $3.5 billion factory in northern Vietnam in June, becoming the first major local car brand in this fast-growing...

Vinfast Makes Debut At Vietnam Motor Show
The VinFast Lux SA 2.0 is based on the BMW X5

Vietnam’s first home-grown car brand, VinFast, a unit of industry conglomerate Vingroup, made its first public appearance in its country of origin at the Vietnam Motor Show which kicked off on October 23 in Ho Chi Minh City. The company presented three models, a sport utility vehicle, a sedan and a compact car.

The staging followed VinFast’s international debut at the Paris Motor Show earlier in October.

The automaker opened a $3.5 billion factory in northern Vietnam in June, becoming the first major local car brand in this fast-growing Southeast Asian economy with a population of nearly 100 million. VinFast aims to be the biggest automaker in Southeast Asia, according to David Lyon, director of design of VinFast.

The Vietnamese auto market remains small, but a growth spurt is anticipated as per capita gross domestic product nears $3,000, the level at which car buying tends to accelerate. Auto sales grew 5.8 per cent last year to about 290,000 vehicles.

Vingroup, the country’s biggest listed conglomerate, has expanded from its core real estate business into smartphone and automobile manufacturing. The company is getting its engine from BMW and crucial parts from Bosch. The shape and the interior fittings come from Italian design studios Pininfarina, Torino Design, Zagato and Italdesign. The resulting vehicles are mostly German engineered BMW SUVs and nicely dressed up sedans and compact cars. VinFast puts a very prominent and bright “V” in LEDS on the hood.

The Vietnam Motor Show runs through October 27 and is expected to draw about 200,000 visitors, according to event organisers.

Not the only Vietnamese car brand

While VinFast is indeed the first major local car brand, it is not the first indigenous car produced in Vietnam. The first Vietnam-based auto maker was Citroën Xe Hoi Cong Ty, founded in 1936 by France’s Citroën in then French Indochina. Based in Saigon, the company from 1969 onwards produced multi-purpose vehicles under its own brand La Dalat. They were similar to the legendary Citroën Méhari and based on the chassis of the Citroën 2CV, but the body was made of steel instead of plastic as in case of the Méhari. The cars were powered by two-cylinder boxer engine with 602cc. With the collapse of South Vietnam in 1975 production ended.

Another car producer, Vinaxuki or Xuan Kien Auto, headquartered in Hanoi, manufactured and assembled cars and mini trucks under its own brand name as well as other Chinese brands with the ratio of local content in light trucks reaching 50per cent. Since it was established in 2004, Vinaxuki has launched 38 truck models, two semi-truck models, two touring car models and two coach models. The company in 2015 collapsed under its debt and amid stolen parts and equipment from the plant.

Other vehicle manufacturers are currently TMT Motors, formerly Cuu Long, which builds light and heavy trucks in partnership with Chinese truck makers and India’s Tata Motors, as well as Truong Hai Auto Corporation, which assembles cars for Mazda, Hyundai, Kia, Peugeot and Foton, but also produces in own bus brand Thaco.

Apart from them, vehicles are also locally produced by Saigon Mechanical Engineering Corporation, or Samco (mainly in cooperation with Toyota) , Vinamotor Vietnam Group (mainly in cooperation with Hyundai), Vietnam Engine and Agricultural Machinery Corporation, or Veam (in cooperation with Suzuki, Toyota and Ford), the latter’s subsidiary Mekong Auto Corporation (in cooperation with Fiat and Ssangyong), TCIE Vietnam (in cooperation with Nissan), Visuco (in cooperation with Suzuki) and Dothanh (in cooperation with Daewoo).

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