Under the agreement, Vinfast will be the exclusive distributor of GM’s Chevrolet cars in Vietnam. Another highlight of the agreement is that General Motors transfer full ownership of its Hanoi factory to VinFast for the Vietnamese automaker to produce small cars under a GM global license. In addition to a factory in the northern province of Hai Phong, new production assembly line will be operated in middle of 2019 enhancing Vinfast’s production capability. With the agreement, GM will become a preferred automotive technology provider to VinFast, opening potential pathways for future product, creating opportunities to drive both brands forward. After the transfer, Chevrolet outlets in the country will open as normal and GM’s customers will enjoy all benefits of warranty and services through deals before, as well as spare parts of Chevrolet in future. It is scheduled that end of 2018, transfer of GM Vietnam including factory in Hanoi, authorized outlets and staffs will … [Read more...] about General Motors, VinFast sign strategic partnership agreement
Strategic partnership agreements
Vinfast and GM signs landmark strategic partnership agreement
General Motors (GM) and Vinfast signed a landmark strategic partnership agreement which will drive the long-term growth and expansion of GM’s Chevrolet brand and Vinfast in Vietnam. Le Thi Thu Thuy, vice chairwoman of Vingroup cum president of Vinfast, and Barry Engle, excecutive vice president cum president of GM International As part of the alliance, Vinfast will become the exclusive distributor of Chevrolet cars in Vietnam. Using Vingroup’s unmatched domestic retail presence and the existing Chevrolet dealership network, Vinfast will drive the Chevrolet brand forward while rapidly expanding its own local operations and leading the Vietnamese automotive industry into a new era. Vinfast will assume ownership of the GM Hanoi factory and will implement an investment programme to build an all-new, global small car licensed from GM and manufactured and sold under the Vinfast brand. The production of this vehicle is expected to begin in the first half of 2019, … [Read more...] about Vinfast and GM signs landmark strategic partnership agreement
VinFast, GM sign strategic partnership agreement
Viet Nam News HÀ NỘI — VinFast and General Motors (GM) announced Thursday a landmark strategic partnership agreement aimed at driving long-term growth and expansion for GM’s Chevrolet brand and VinFast in Việt Nam. As part of the alliance, VinFast, a subsidiary of Vingroup, will become the exclusive distributor for the Chevrolet brand in Việt Nam. Using Vingroup’s unmatched domestic retail presence and the existing Chevrolet dealer network, VinFast will drive the Chevrolet brand forward while rapidly expanding its own local operations and leading the Vietnamese automotive industry into a new era. VinFast will assume ownership of GM’s Hà Nội factory, and will implement a significant investment programme to build an all-new, global small car licensed from GM which will be manufactured and sold under the VinFast brand. Production of this vehicle will begin in 2019, greatly increasing capacity and output at … [Read more...] about VinFast, GM sign strategic partnership agreement
Air Mekong signs strategic partnership agreement
HA NOI — Mekong Aviation JSC (Air Mekong) and the Viet Nam Import Export Bank (Eximbank) yesterday signed a strategic partnership agreement. Under the agreement, Eximbank would contribute 11 per cent of Air Mekong's charter capital to increase the amount to VND600 billion (US$28.5 million) for development plans in the following years. — VNS … [Read more...] about Air Mekong signs strategic partnership agreement
Vietnam-Singapore Strategic Partnership marks milestone
(VEN) - Singaporean Ambassador to Vietnam Ng Teck Hean said that the great progress made in economic, trade and investment cooperation was a highlight in the relations between Vietnam and Singapore. The new Vietnam-Singapore Strategic Partnership is expected to take bilateral economic and trade cooperation to a high level. Vietnamese-Singaporean relations have developed strongly in the last 40 years. The exchange of high-ranking official delegations has been promoted in recent years, including the visit to Singapore by Vietnam President Truong Tan Sang in September 2011, Singapore President Tony Tan Keng Yam in April 2012, Communist Party of Vietnam General Secretary Nguyen Phu Trong in September 2012 and Vietnam Prime Minister Nguyen Tan Dung in May 2013. The visits provided opportunities and paved the way for bilateral cooperation. Singaporean Prime Minister Lee Hsien Loong's latest visit to Vietnam in September 2013 marked a milestone after leaders of the two countries … [Read more...] about Vietnam-Singapore Strategic Partnership marks milestone