Press release
100KB
october 02, 2018 - VinFast
VinFast at 2018 Paris Motor Show
Contents
- Harnessing the Vietnamese spirit, and taking it to the world
- World-class Italian design flair, influenced by the Vietnamese people
- Creating world-class products
- All-new, state-of-the-art production complex
- Pioneering Vietnam’s #automotive industry beyond the LUX models
- Delivering a better life for the people of Vietnam
- Technical specifications
1. Harnessing the Vietnamese spirit, and taking it to the world
- Vietnam’s first volume car manufacturer debuts at Paris Motor Show with two world premieres
- VinFast embodies the pride, spirit and tenacity of the Vietnamese people
- World-class design captures Vietnam’s natural beauty
- New manufacturing facility is one of Vietnam’s biggest industrial projects ever
- Production of new #luxa20 sedan and #luxsa20 #SUV will commence in the middle of 2019
VinFast is the first volume #automotive manufacturer from Vietnam, and the first ever to participate in a major international motor show. Harnessing Vietnamese spirit, #VinFast is developing and manufacturing – in Vietnam – its own range of innovative, world-class vehicles, which will be sold worldwide. It is making its global public debut at the 2018 Mondial Paris Motor Show, with two world premieres – the #luxa20 sedan and the #luxsa20 #SUV. These premium models epitomise the company’s philosophy of ‘Vietnamese – Style – Safety – Creativity – Pioneering’.
The design direction of these first two cars was influenced by the Vietnamese people through a public vote. This has enhanced the sense of national pride in these products, which pay homage to the country’s natural beauty. The design development for the production cars was undertaken by legendary design house, Pininfarina, giving the cars Italian design flair and sophistication.
VinFast is a proud Vietnamese business with a truly global outlook and ambition, and is working with leading design, engineering and supplier partners to ensure its cars exhibit strong Vietnamese character married with Italian design sophistication and European advanced technologies and quality. #VinFast products will meet international standards and customer expectations in terms of premium design, dynamics, in-car features and ownership experience.
The business has engaged specialist external expertise and recruited senior executives from some of the industry’s leading #automotive companies to ensure it can build a highly successful #automotive business from scratch within a remarkably short timescale.
The #VinFast business is led by senior executives including Chairwoman, Le Thi Thu Thuy, who is also the Vice Chairwoman of Vingroup and has over 22 years of experience in the financial services and real estate industry. She is joined by James DeLuca, CEO of #VinFast Trading and Production, who is an experienced #automotive leader. He spent 37 years with General Motors, where he was responsible for 171 production facilities in 31 countries.
The Vice President of Sales is Ms. Lê Thanh Hải, who has nearly 20 years of experience in the #automotive industry and was formerly General Sales and Marketing Director at General Motors Vietnam. David Lyon is VinFast’s Director of Design. He has 28 years of #automotive design experience in various roles at General Motors, culminating with a role as Executive Director of Asia-Pacific Design.
Shaun Calvert, former General Motors Director of Manufacturing Systems and Support in Germany, is VinFast's Vice President of Manufacturing. Kevin Fisher, Vice President of Engineering at #VinFast, has previously held senior technical and innovation roles at General Motors, Tata Technologies and Magna Steyr. Roy Flecknell, Vice President of Planning & Program Management, has over 40 years’ experience in with GM in the UK, Germany, Russia and Asia.
VinFast is an exceptional example of the pride, spirit and tenacity of the Vietnamese people. Many countries in South East Asia have prioritised a domestic car industry as a source of great pride, and it has led their elevation to a position of respect for their technical and industrial capabilities on the global stage. #VinFast is now pioneering the rapid development of Vietnam’s #automotive industry.
Until now, Vietnam has not had its own car brand for its people: the industry is made up of imports and local assembly with a low localisation rate; as a result, supporting industries are underdeveloped. #VinFast will foster the creation of a new local supply chain and give the Vietnamese people a domestic car brand of which they can be proud.
All #VinFast cars will be manufactured at an all-new, purpose-built, state-of-the-art 335-hectare plant in Hai Phong, northern Vietnam. It is one of Vietnam’s biggest industrial projects ever, delivering a facility that is among the most advanced #automotive production complexes in the world.
Deliveries of the #luxa20 and #luxsa20 will commence in Vietnam from June 2019. These will be followed by further vehicles, including a city car, a battery electric car, and an electric bus – all of which are already in development. Shipments to export markets are planned to begin in 2020, less than a year after domestic sales.
As a subsidiary of Vingroup, Vietnam’s largest privately-held business, #VinFast has the resources and scalability to fulfil its ambition to become South East Asia’s leading vehicle manufacturer, and a significant new player in the global #automotive industry. Vingroup’s brands were founded with a mission to strive ‘for a better life for the Vietnamese people’, and Vingroup wanted to build a proud car brand for the country that was stylish, premium and embodied the Vietnamese spirit, that would appeal beyond its domestic market, to the world. Its vision was to create cars with a strong Vietnamese identity that would represent the country – and be competitive – on the global #automotive stage.
Vingroup had annual revenues in 2017 of 3.9 billion USD. The group, which celebrates its 25th anniversary this year, is a leader in the Vietnamese construction and real estate sectors, and also has major interests in the country’s education, healthcare, agriculture, tourism and consumer retail sectors.
Vietnam’s economy is growing rapidly. Annual GDP per capita has accelerated in recent years to over 6.8% and is forecast to continue at 6.5% p.a. in the coming years. This positive economic outlook creates significantly higher potential for growth in passenger car ownership. Currently, it stands at around 23 cars per 1,000 inhabitants, but estimates suggest that ownership in Vietnam will soon rise to 50 cars per 1,000 inhabitants. For comparison, in Thailand and the US, these numbers stand at 204 per 1,000 and 790 per 1,000, respectively. The current car sales volume in Vietnam is 300,000 units per annum. That is forecast to triple to 900,000 units by 2025.
In parallel with the boom in car sales, Vietnam is also investing in significant roadbuilding programmes. Major development works are currently underway, many due for completion by 2020, by which time 21 highways are expected to have been built with a total length of nearly 6,500 km.
Further information in the press release to download
VinFast-sedan---Door-handle-detail
5463x3642, 11MB
VinFast-sedan---Door-mirror-detail
5760x3840, 9MB
VinFast-sedan---Exhaust-and-bumper-detail
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VinFast-sedan---Front-34
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VinFast-Sedan---front-close-34
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VinFast-Sedan---front-high-34
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VinFast-sedan---Headlight-detail
5760x3840, 12MB
VinFast-sedan---Rear
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VinFast-Sedan---rear-close-34
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VinFast-Sedan---Side
5760x3840, 11MB
VinFast-SUV---close-front-34
2100x1400, 923KB
VinFast-SUV---Door-handle-detail
5760x3840, 18MB
VinFast-SUV---Door-mirror-detail
5760x3840, 17MB
VinFast-SUV---Exhaust-detail
5760x3840, 12MB
VinFast-SUV---front
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VinFast-SUV---front-34
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VinFast-SUV---Front-34-left
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VinFast-SUV---front-34-right
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VinFast-SUV---Front-close
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VinFast-SUV---Front-grille-detail
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VinFast-SUV---high-front-34
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VinFast-SUV---Rear
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VinFast-SUV---Rear-close
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VinFast-SUV---side
5760x3840, 11MB
VinFast-SUV---Side-wide
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VinFast-SUV---Side-wide (1)
6720x4480, 4MB
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