Vingroup makes everything from smartphones to schools. But civil activists fear its growing clout
Financial Times – John Reed JUNE 27 2019
Several weeks ago, I travelled east from Hanoi, through industrial estates and rice paddies, to the port of Haiphong in northern Vietnam. My driver took me over a causeway to Cat Hai Island, where something big is taking shape: the building of Vietnam’s first “national car” brand, VinFast.
In what will eventually be a $3.5bn project, Vietnam’s largest private company, Vingroup, controlled by the country’s richest man, Pham Nhat Vuong, has built an integrated production plant on top of piles driven into the soil and on land reclaimed from the sea. A robot-filled state-of-the-art factory was constructed in about 21 months — a turnround so swift that, when I opened Google Maps to check our location, the app thought I was standing offshore in the Gulf of Tonkin.
Tiếp tục đọc “The rise and rise of a Vietnamese corporate empire”
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