The company expects to produce 100,000-200,000 vehicles per year in the first phase
September 03,2017, 08:51 GMT+7
Vietnam’s leading property developer Vingroup [VIC.HM] said on Saturday it launched construction of a car factory in a project worth US$1-1.5 billion in the first phase.
|Vietnamese Prime Minister Nguyen Xuan Phuc speaks at the launch of Vingroup’s car factory in Hai Phong City, September 2, 2017. Photo: Tuoi Tre
The project is part of Vingroup’s expansion plan into the heavy industry of Vietnam, its vice chairman was quoted as saying in a statement, following similar moves in other major sectors such as retail and health care.
Vingroup said it hopes to become a top car manufacturer in the Southeast Asian region, making 500,000 cars per year by 2025.
The company expects to produce 100,000-200,000 vehicles per year in the first phase, including five-seat sedans, seven-seat SUV and electric motorbikes.
Vingroup’s spokeswoman told Reuters the factory would introduce the first electric motorbikes in 12 months and first cars in 24 months.
Its construction brand VINFAST signed a memorandum to borrow $800 million from Credit Suisse AG to build the 335-hectare (827.8 acres) factory, located in Vietnam’s northern city of Hai Phong.
VINFAST plans to buy blueprints of car engines and main mechanical systems from top European and American designers.
Thích bài này:
Thích Đang tải...
Đăng bởi Trần Đình Hoành
I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống).
In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success".
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
Xem tất cả bài viết bởi Trần Đình Hoành