The company said it received 10,000 vehicle pre-orders a year ago. Brabus is also working on a power upgrade for the Mercedes-AMG GLE 63. Two years ago, Vietnam impressed the world with the introduction of its first automaker, VinFast.The launch came with two Pininfarina-designed models, the LUX A2.0 sedan and the … Source:VNA. Thus, at first, the Fadil will cost VND336 million ($14,608), Sedan Lux A2.0 VND800 million ($34,782), and SUV Lux SA 2.0 VND1.136 billion ($49,391). He also believed that LUX A2.0 and LUX SA2.0 are not VinFast’s ‘trump cards’. VinFast is a new manufacturer from Vietnam that brands itself as “the first volume automotive manufacturer” in the nation, as well as the first to … To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Besides, the Sedan Lux A2.0 and SUV Lux SA2.0 are only concept models, not commercial models for manufacturing. It was our goal from the outset to create a world-class car with a Vietnamese identity. Add to that the fact that it’s made exclusively for the Vietnamese market and you begin to question whether or not there’s a business case for the VinFast President. Address: 47 Quan Thanh St, Ba Dinh Distr, Hanoi, Vietnam - Tel: (024) 3845 0537, Prime Minister witnesses debut of VinFast automobile models, VinFast and Vespa crack open electric motorcycle segment, EVFTA to have wide impacts on transport businesses, Vietnam spends 202 million USD importing automobiles in August, Completed An Suong intersection opens up Ho Chi Minh City traffic, VinFast buys automobile testing centre in Australia, Da Nang calls for 2-billion-USD investment in 2021-202525, Vietjet focus on air transport pays out in first half, Maintaining the bridge for foreign investors in Vietnam, VRDF 2020: Making Vietnam's growth recovery inclusive and sustainable, Remarks by Party General Secretary, State President Nguyen Phu Trong at High-level General Debate of 75th session of UNGA, Skies clear over VIMC’s joint venture seaports, Airlines reinventing the skies for agricultural business lines, Global Wind Energy Council calls on Vietnam to extend wind tariff and clean energy lead, Vietnamese banks take cautious approach to foreign ownership limit, Conglomerates brush off ministry requests, Betting the pot on improved casino investment conditions, Tug of war in Japan’s diversification goals, Vietnam the hotspot for Singaporean businesses, Government pushing forward with post-pandemic activities, MPI highlights value of speedy disbursements, PM launches nationwide campaign to support businesses, Vietnam’s first commercial flight lands in Hanoi since border closure, Vietnam office market will make rapid recovery: experts, Vietnam announces new digital platform Viettel Cyberbot, Based on MasterCMS Ultimate Edition Ver 2.9 2020, VinFast announced the starting price of its cars at the launching ceremony. For example, the airmatic suspension system has not been seen in cars under VND1 billion. The first VinFast rollout, a hatchback named Fadil, is initially priced at 394.5 million dong ($16,900). The vehicles aren’t completely made in Vietnam. These are only the listed selling prices, while at the beginning, customers will be able to access significant discounts. It will take years for customers to accept a new local brand.”. Vietnam-based automaker VinFast has unveiled its fastest and most expensive car to date, the President luxury SUV. “Our biggest challenge is that Vietnamese products do not have an international brand. ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional. Xuan Kien Automobile, known as Vinaxuki, failed to win over brand-conscious Vietnamese with its local car models before folding in 2015. Contact us, Editor-in-Chief: Kia still hasn’t decided whether the Stinger deserves a successor or not. Despite the numerous perceived hurdles, the company sees the Vietnamese market to be too small for profitability, therefore warranting an expansion to a more lucrative market. Audi’s Q5 Sportback will arrive in the US and Europe in the first half of 2021. Vehicle Imagery licensed from EVOX Images, Vietnam's First Automaker VinFast Eyeing U.S. VinFast issued the price list of its cars at the launching ceremony of its vehicles organised on November 20 at Thong Nhat Park. See Also: Vietnam’s VinFast Buys GM Holden’s Lang Lang Proving Ground In Australia, “They want to show people around the world that Vietnam can make a luxury car,” Vu Tan Cong, deputy general director of Vietnam Automobile Industry and Trade Consulting, told the Nikkei Asian Review. “Even if VinFast is 5 to 10 years ahead of other companies, it would still need just as much time or longer to establish a brand and build customer trust,” he said. VinFast’s debut at the Paris Motor Show this month has sparked much speculation among Vietnamese customers on the selling price of the two models expected to hit the domestic market next year. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Moreover, he said, it would take at several years after the models hit the road to verify their quality and durability, not the mention the fact that technology and equipment for the cars have not yet been finalised. These electric models will have a competitive selling price compared to other automobile brands at the same segment. To many international friends, Vietnam is still a poor, backward country. VinFast issued the price list of its cars at the launching ceremony of its vehicles organised on November 20 at Thong Nhat Park. Vietnam is getting into the car business with its own brand. Fast forward to this year, VinFast officially gives its SUV the President monicker, powered by a V8 and limited to 500 units only – but that's not the juice of this report.