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Vietnam wants to make its own cars, and how

Toyota is Vietnam's biggest car seller with a 23% market share in July; Ford Motor had 12%

Giang Nguyen | Bloomberg 

Vietnam wants to design and make cars for its 90 million motorbike and scooter riders. The country’s largest real-estate company Vingroup JSC said it plans to invest up to $3.5 billion to set up a manufacturing and research and development complex, aiming to roll out the first car in 24 months. The Hanoi-based developer will break ground on the $1 billion to $1.5 billion first phase of the plant, with a plan to make sedans, sport utility vehicles and electric cars in the future, Vingroup Vice Chairwoman Le Thi Thu Thuy said. “We want to create an affordable and ...

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First Published: Sun, September 03 2017. 01:30 IST
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