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New car maker to hit the road running

VinFast CEO James B. DeLuca

The launch of production plans for the first-ever made-in-Việt Nam cars has ignited hopes of a big boost for the domestic auto and auto parts industries. Việt Nam News reporter Mai Hương spoke with VinFast CEO James B. DeLuca about the company’s market vision.

What does your company’s advent portend for Việt Nam’s auto industry必修

The domestic automobile market is growing strongly with a double-digit rate from now to  二0 二0, reaching total sales of about  四 五0,000 to  五00,000 vehicles, with expectations to reach  八00,000 to  九00,000 vehicles by  二0 二 五. With VinFast’s entry, we believe that domestic automobile market will experience even stronger growth.

There are high hopes for the first ever made-in-Việt Nam car. Please tell us about VinFast’s production plans.

As planned, VinFast will launch its first Sedan and SUV in September  二0 一 九, targeting sales of  一00,000 vehicles in the first year of operation and  五00,000 units by  二0 二 五. With the guidelines of adapting to new and environmental friendly technologies, VinFast will apply the most modern technologies in the world to production, ensuring strict compliance with Euro  五 and Euro  六.0 emission standards; at the same time, we will maximize the use of green energy in our production process at the factory.

To accomplish these objectives, we have been building a team of highly experienced professionals in automobile manufacturing. In addition, VinFast has also cooperated with world leading corporations such as Boston Consulting Group, Bosch and Siemens in the project planning process, for equipment and component supply, and digital-based plant operations.

VinFast is also co-operating the German Chamber of Industry and Co妹妹erce in Việt Nam to set up a leading training center for mechatronics and industrial mechanics in the Southeast Asia, following the German Dual System (Learn Practice) standards so as to prepare high-qualified engineers to work in the factory, ensure proficiency in operation of modern production lines as well as the ability to receive technology transfers from partners.

With careful and systematic preparation, I am very enthusiastic and look forward to launching the first two sedans and SUV models of VinFast.

There is speculation that VinFast is targeting high-end cars. Why not the lower market segment to meet broader consumption demand必修

By applying the most advanced technologies, VinFast will manufacture vehicles of international quality at reasonable prices for domestic market, ensuring that the majority of Vietnamese people can own a car.

It is also said that designs of key components will be purchased from leading European and American designers. What parts and components will Vietnamese companies produce for VinFast必修

VinFast will always endeavor to build close relationships with domestic partners and suppliers, aiming at gradually achieving a localization rate of  六0 per cent. Our plan is to prioritize the purchase of “made-in-Việt Nam” parts that meet technical criteria set by VinFast, and assist other domestic suppliers in further accelerating the production of automotive parts using the most modern technology. In particular, VinFast will reserve  三0 per cent of the area for suppliers at the VinFast Automobile Manufacturing Complex in Đình Vũ-Cát Hải Economic Zone in Hải Phòng City. We have held many meetings and discussions on this topic recently.

VinFast has said it aims to become the leading automobile manufacturer in Southeast Asia. What will make your products stand out from others必修

Our products will be manufactured in compliance with international standards, from car body to motors, mechanical systems, technologies, and interior decoration. We have a clear direction to create a series of safe, high-quality, luxurious and premium cars that meet consumers’ tastes. All production stages will be directly operated by leading manufacturing experts and technologies. So, we believe that our products will compete well with other products of similar type in the world.VNS