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%

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 high-quality car for