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Who can actually give birth to a new car company? The process can be jump-started with innovative technology ( think Tesla or Rimac), or created from scratch by a really, really massive company like Hyundai or Lexus. In this case, I am writing about the birth of the first car company from Vietnam, ever. Called VinFast, the first Vietnamese automotive producer may sound like a joke at first. It is anything but. Behind it is the largest Vietnamese private conglomerate Vingroup JS. It is backed by automotive minds from the depths of the American and European car industry, its foundation is German technology, and its soul is Italian design. If you ever thought that money couldn’t buy a car company, think again, because I think VinFast is the definition of money making/buying a car company.
This is a car company built from scratch after the completion of a complicated business plan with a bunch of SWOT analysis, market research, and competition assessment. Welcome, VinFast.
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