$17,000 Hatchback From Vietnam Rolls Out to Take on Ford and Toyota
- VinFast wants to be first local auto brand to be successful
- Carmaker also launching a sedan, SUV and electric motorbikes
An employee looks under a VinFast SUV as it moves along an overhead conveyor on the assembly line on June 14.
Photographer: Yen Duong/BloombergThis article is for subscribers only.
Vietnam is getting into the car business with its own brand.
Real-estate conglomerate Vingroup JSC’s auto unit VinFast marked the rollout of its first vehicles from its assembly line on Friday, embodying the aspirations of the fast-developing country’s government to build a modern manufacturing sector.