Hanoi (VNA) - VinFast Manufacturingand Trading Company Limited, a subsidiary of Vingroup, completed the contractof two model sedan and SUV cars with leading designer Pininfarina on January 18.

The contract was worth 5 million USD. The models were developed based on twodesigns selected by Vietnamese consumers in the contest “Choose the car also,VinFast” in October 2017.

VinFast has acquired intellectual property rights from automaker BMW for carproduction.

With co-operation agreements with reputable partners in the field of automotivedesign and production, VinFast continues its commitment to roll out quality,modern, safe and aesthetic models in the Vietnamese market, on a par withworld-class car models. 

Earlier, the company also completed a partnership agreement with Magna Steyrand AVL, two of the world’s leading automobile technology and manufacturingconsulting firms.

The model cars developed by VinFast, under the slogan “Vietnamese identity —  Italiandesign —  German engineering —  Internationalstandard,” will be exhibited at the Paris Motor Show 2018 to be held in Francein October. VinFast will introduce them in Vietnam in December.

In addition to this, VinFast will organise a vote to gather ideas fromcustomers for new models after it completes production of the sedan and SUVmodels. The scope of this referendum will be extended to the internationalaudience, affirming pride in the Vietnamese car.

In October 2017, VinFast presented 20 sedan and SUV designs and officiallylaunched a public contest to select the two favourite car models in Vietnam.

Nguyen Viet Quang, deputy chairman of Vingroup, said the firm would beginaccepting orders from early 2019, gradually moving to export.

“Born after other automakers, VinFast is keen to filter the essence of theglobal automobile industry into its first product. We have a process in placeto learn and select partners in order to roll out high-quality, safe and modernproducts that will have Vietnamese identity but international standards.
VinFast is confident of introducing its firsttwo models at the Paris Motor Show, where most of the producers choose to stagetheir work. This event will also contribute to marking the Vietnamese automobilebrand in the international arena,” said Quang.

VinFast is urgently building a 500,000sq.m factory in northern Hai Phong City’sDinh Vu-Cat Hai Economic Zone, which is planned to be completed by July thisyear. Along with that, the company also focuses on improving human resourcesand product development. It has signed contracts with leading companies in thefield of design, supplying solutions for car manufacturing, technology,equipment, components and auto parts and training of technicians, such as Bosch,Siemens, Pininfarina, Ital Design, Torino Design, Zagato, BMW, Magna Steyr, AVLand German Chamber of Commerce and Industry in Vietnam.

These efforts are aimed at accelerating the process of transforming the carfrom a piece of drawing to reality, confirming the serious investment andcommitment of Vingroup to introduce a Vietnamese car with internationalstandards.

VinFast stands for “Vietnam —  Style —  Safety —  Innovation—  Pioneer.”

The VinFast automobile manufacturing complex, the first of its kind in Vietnam,started construction on September 2 last year in Hai Phong, with a designedcapacity of 500,000 units by 2025 and expectation to become the leadingautomobile manufacturer in Southeast Asia.

VinFast aims to manufacture cars that are a mix of modern style, comfortablequality, safety and international-class design, and are suitable to Vietnamesetaste.

Its first products will be available in the market in the third quarter of nextyear.- VNA