Prime Minister witnesses debut of VinFast automobile models

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The event was jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI) and Vingroup. 

In his speech, PM Phuc highlighted the significance of the event, saying that it helps encourage state-run and private enterprises, and household firms to increase investment and technology application in production in order to improve product quality, towards conquering the potential domestic market of almost 100 million people.

He stressed that in the context of deepening international integration, Vietnam has become a leading country in export electronics, textiles, and footwear, however the country does not have many international brands, especially in the automobile industry. 

The PM praised VinFast for its efforts in creating the first value chain of made-in-Vietnam automobiles and motorbikes over just a short period of time, as well as the firm’s plans to develop supporting industries, implement its commitments to consumers, ensure regulations on environmental protection, especially in industrial emission, and create more jobs for labourers. 

He asked the VCCI, the Ministry of Industry and Trade, and relevant agencies to coordinate with associations and enterprises to effectively implement the “Vietnamese goods conquer Vietnamese people” programme, which he described as the aspiration of Vietnamese people and enterprises to build Vietnamese brands, towards developing a self-strengthening economy. 

At the event, Vingroup’s subsidiary, VinFast, presented three new automobile models, namely VinFast Lux SA 2.0 (SUV), VinFast Lux A 2.0 (Sedan), and VinFast Fadil. 

Its five-seat sedan Lux A2.0 and seven-seat SUV Lux SA 2.0, which had already been revealed to the public for the first time at the Paris Motor Show last month, cost VND1.818 billion (over US$77,166) and VND1.366 billion (over US$58,303), respectively.

The smaller hatchback Fadil, presented for the very first time, costs VND423 million (US$18,134).

However, in response to the “Vietnamese goods conquer Vietnamese people” movement, VinFast announced a special promotion programme, whereby the prices for the models are VND800 million (around US$34,300) for the VinFast Lux A 2.0, VND1.136 billion (US$48,600) for the VinFast Lux SA 2.0, and VND336 million (US$14,400) for the VinFast Fadil.

 These prices are exclusive of a 10% value added tax.

 The group said it would organise a similar ceremony to present these models in Ho Chi Minh City on November 25 and 26.