The first VinFast Lux SA2.0 has just rolled off the factory lines, marking the success of the "Made-in Vietnam" commercial automobile test production cycle. Billionaire Pham Nhat Vuong immediately gained VND8 trillion ($348 million) from the upsurge of VIC shares today. The embodiment of Vietnam's automobile dream, the first VinFast Lux SA2.0 Yesterday, in Haiphong, the first VinFast Lux SA2.0 was assembled. This event proves that the VinFast factory is ready for operation, only 18 months after announcing its automotive plans. The car is equipped with a DOHC 2.0L engine with a maximum of 228 horsepower, 350Nm torque, an 8-speed automatic gearbox, as well as numerous outstanding safety functions. According to Le Thi Thu Thuy, vice chairwoman of Vingroup cum chairwoman of VinFast, the company confirmed that all segments of the manufacturing line are operational, ready for trial manufacturing before replication. "We are consistently striving to create premium products, enabling … [Read more...] about First Made in Vietnam VinFast car off the production line
Vietnam used cars
The Hanoitimes - If VinFast is successful, it will provide a boost to Vietnam’s GDP and reinvent its automotive industry. VinFast debuts first Vietnam-branded cars Vietnam expects for VinFast’s contributions to its automobile industry Made-in-Vietnam bikes, phones, cars set imprints with foreign support Vietnam, over the past three decades, has sought to boost its levels of industrialization by developing an indigenous automotive industry. And VinFast, a member of Vietnam’s leading real estate development Vingroup, seems to be a dream come true. World's famous footballer David Beckham posed at Vinfast 2018 Paris Motor Show. Photo: Autodaily In 2002, the government targeted to increase the localization ratio – which refers to the proportion of parts used in final assembly that are not imported – for passenger cars to 20%-25% within the next three years and to 40%-45% by 2010. Yet in 2016, the average ratio for all vehicle types was just … [Read more...] about Vinfast bolsters Vietnam’s car-making ambition
>>> Malaysia reach AFF final as champion Thais miss late penalty >>> Park warns Vietnam players to maintain high level of concentration for Philippines clash >>> Vietnam towards breaking “no-win obsession” at My Dinh in AFF Cup knockout stage Vietnam will welcome the guests at Hanoi’s My Dinh Stadium under the cheers of tens of thousands of home fans. However, coach Park Hang-seo is still cautious about the opponents who are determined to overturn the 2-1 defeat in the first leg four days ago. Speaking at the pre-match press conference yesterday, Park gave the visitors absolute respect. The Korean strategist asked his players to focus on the important upcoming match. In the first leg at Panaad Stadium in Bacolod, Patrick Reichelt scored a goal against Vietnam to raise the hopes for his home team. On the threshold of the return leg, both the Philippines coaching staff and players are determined to overturn the result tonight at My Dinh. With … [Read more...] about Which lineup will Vietnam use to play the Philippines?
Local used car market sees trade thinning out A model introduces a car at an exhibition in HCMC - PHOTO: HUNG LE HCMC – Second-hand car traders in HCMC are now finding it challenging to keep up business, as the number of second-hand cars available is falling while customers’ appetite for such vehicles is also waning, news website Dan Tri reports. Prevailing regulations have made imports of brand-new cars tougher, so many car owners retain their vehicles for use pending the loosened policy on vehicle import. Meanwhile, first-time car buyers are also looking forward to buying new cars since the prices of such vehicles are predicted to decrease further in the coming time. Le Duc Toan, owner of a used car store in the outlying district of Binh Chanh, says that many new models of cars have yet to be shipped into Vietnam, as auto firms still find it difficult to meet stringent import requirements as regulated in the Government’s Decree 116/2017/ND-CP on auto … [Read more...] about Local used car market sees trade thinning out
Facing the newest gear-box scandal from a class-action lawsuit brought by 76 Vietnamese car owners, Ford Vietnam's representative has confirmed to VIR that it is trying the best to resolve its customers' complaints in the most effective manner. Vo Quoc Binh's Ford Focus. Photo: zing.vn In the afternoon of May 28, 76 Ford owners using Powershift gear-boxes filed a lawsuit against Ford Vietnam Ltd. at the Hai Duong People’s Court for the defective powershift gear-boxes and bad after-sales services at official dealers. Vo Quoc Binh (District 1, Ho Chi Minh City) on behalf of the 76 owners of Focus, Fiesta, and EcoSport vehicles, sued the car manufacturer. These 76 people have purchased Ford vehicles manufactured between 2011 and 2017 by Ford Vietnam. These cars feature Powershift gear-boxes which developed common defects, including shaking, bucking, and delayed acceleration, and lurching. This also led to alarm signals displayed on the dashboard, such as … [Read more...] about Ford’s gear box scandal reaches Vietnam