Vietnamese carmaker aims to conquer European high-end electric car market
The Le Monde newspaper of France has recently posted an article reporting that VinFast automaker of Vietnam’s conglomerate Vingroup has entered the high-end electric car market in Europe, as it is expected to launch two models in France and Germany by late 2022.
Hanoi (VNA)🎉 – The Le Monde newspaper of France has recently posted anarticle reporting that VinFast automaker of Vietnam’s conglomerate Vingroup hasentered the high-end electric car market in Europe, as it is expected to launch two models inFrance and Germany by late 2022.
“Notso long ago, an unknown Vietnamese automaker with ambition to gain a footholdin the premium market would hardly have been taken seriously. Today, thearrival of the VinFast brand is not entirely surprising.
🦋 “Theelectric car has become the horizon of the automobile industry, andtechnological barriers such as income from the situation inherited from thereign of thermal engines are cracking,” wrote the article.
Sinceits presence in 2018 at the Paris Motor Show, VinFast has worked hard to builda factory capable of producing 250,000 vehicles per year in the northern portcity of Hai Phong, with an investment of 4.4 billion USD, the article continued. Itadded that after having produced 30,000 units of thermal models in 2020 based onBMW and General Motors technologies, the Vietnamese manufacturer on September23 presented two full-size electric vehicles in Italy, which will be marketedat the end of 2022 in the US, Canada, Germany, France and the Netherlands. Therange will expand in the following years. “VinFastwill be top-of-the-range cars with top-notch equipment, but at the rightprice,” assured Thomas Chrétien, the company's marketing director for Europe. VinFastposts an annual revenue of 16 billion USD, making up over 2 percent of Vietnam’sgross domestic product./.
Vietnamese automaker VinFast plans to launch three new electric car models from 2023, including VF e32, VF e33 and VF e34P, corresponding to segments A, B and C, according to a published document for investors in the second quarter of this year on its official website.
Speaking at the cooperation agreement, Zhen Li, President of Gotion High-Tech Company, said that Gotion High-Tech will use leading technologies and experience in battery manufacturing to support Vinfast electric cars development. The two sides will contribute to jointly develop the clean energy industry and promote low emission targets in Vietnam, China and around the world.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
An electric bus of VinFast (Photo: VinFast) 
