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R&D ACTIVITIES OF VINFAST BELONGING TO VINGROUP HOLDING

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 R&D ACTIVITIES OF VINFAST BELONGING TO VINGROUP HOLDING

Kazimierz Wackowski,
Politechnika Warszawska, Poland
Linh Chi,
UTH University in Warsaw, Poland
Phuong Chi,
UTH University in HCMC, Poland

Abstract: this article analyzes activities of VinFast, a care manufacturing strategic business units belonging
to the VinGroup holding operating inVietnam.
Keywords: R&D activities, VinFast, Vingroup.

1. Guide enter enter owner subject research rescue

Gender Introduction shared about Vingroup

Vingroup Corporation - Joint Stock Company (abbreviated as "Vingroup Corporation"),
formerly known as Technocom Group, founded in Ukraine in 1993 by Vietnamese people young,
initially active in the food industry and hugely successful with his brand Mivina brand. In the
early years of the 21st century, Technocom was always present in the rankings. Top 100 most
powerful enterprises in Ukraine. Since 2000, Technocom - Vingroup return about Vietnamese
Male head private with wish hope Okay contribute part build build land water.

With a long-term vision and sustainable development perspective, Vingroup has

focused on invest in tourism and real estate with two strategic brands The first are Vinpearl and
Vincom. With constant efforts, Vincom has become aOne of the number 1 brands in Vietnam in
real estate with a series of Center complexes Commercial (TTTM) - Office - Luxury apartments
in big cities, leading the trend position dollar market smart - born state class luxurious in
Vietnamese Male.

In January 2012, Vinpearl Joint Stock Company merged into Vincom Joint Stock
Company and wasoperating under the Group model with the name Vingroup Corporation - Joint
Stock Company. In the spirit of sustainable and professional development, after its
establishment, Vingroup has restructure and focus on development with many brand groups such
as: Vinhomes (System) luxury serviced apartments and villas); Vincom (Luxury commercial
center system) level); Vinpearl (Hotel, tourism); Vinpearl Land (Entertainment); Vinmec
(Healthcare); Vinschool (Education); Vincharm (Beauty care); VinFast (car and motorbike
manufacturing) electricity)

With its achievements, Vingroup is being evaluated as one of the Powerful private
economic groups with sustainable and dynamic development strategies dynamic, Have potential
force festival enter country economy to reach go up range area area and so gender.

VinFast
VinFast (or VinFast LLC), full name is VinFast Manufacturing Limited Liability
Company. VinFast Manufacturing and Trading, is a Vietnamese automobile manufacturer
founded in 2017. The company is a member of Vingroup construction and real estate group, and
was founded by Pham Nhat Vuong. The company name is an abbreviation of the phrase
"Vietnam - Wind way – An whole – Bright create – Fairy wind" (letter Ph) change wall F).
VinFast is a project in the field of automobile and motorbike manufacturing - one of the
industries Leading industry, impacting many other industries that Vingroup new Reference
family than one year now.
With the aspiration to become the leading car manufacturer in Southeast Asia, the
Group Vingroup has invested heavily in this project. As of the end of the third quarter of 2018,
the group has poured more than 13,600 billion VND into VinFast, an increase of more than
12,900 billion VND (equivalent to about 580 million USD) compared to 685 billion VND at the
beginning of the year. Project to produce electric cars and motorbikes VinFast includes 5
specialized areas located in Lach Huyen, Cat Hai, Hai Phong, project ants Have total capital head
think up next 4.2 billion USD.
VinFast factory complex has invested in and put into use production technologies most
advanced production facilities such as: Stamping workshop according to industry 4.0 standards,
car body workshop with More than 1,000 robots, 100% automated spot welding line, paint shop
with optimal technologyand 79 application robots, assembly workshop with the entire moving
process automated chemical and design bag check check labour turmeric dark new.
To accelerate its market entry, VinFast has relied on partnerships with foreign
companies differ in design, manufacturing equipment and components. To achieve localization
rate 60%, VinFast has also cooperated cooperate with international suppliers to established
component manufacturing plants in a complex in Hai Phong. In May 6/2018, VinFast signed a
Memorandum of Understanding to establish a joint venture with Aapico Hitech Plc., one of the
sub-manufacturers Thailand's leading auto parts, to build one body shop in the complex to
supply the products of VinFast. VinFast has also planned to have eight auto parts factories
established, including four factories invested by VinFast, two joint ventures between VinFast
and bow grant and two home machine belong office have complete whole belong to home bow
grant. Copper time, labour The company also acquired GM Vietnam, including its Hanoi factory,
dealer network and sales force. quantity core pill Sample car Fadil belong to VinFast Okay
product export according to paper permission from GM.
VinFast seems to have a vision for the future. In the first phase, the company will
developing cars using internal combustion engines, but the company also plans to catch up with
the trend. industry trends by developing battery electric vehicles through partnerships with
EDAG Engineering of Germany. Ambassador VinFast's mission is become manufacturer
Southeast Asia's leading automobile manufacturer and building a world-class Vietnamese brand
world, thus creating a new hope for the Vietnamese automobile industry. VinFast's chairwoman,
Ms. Le Thi Thu Thuy, affirmed that the company wants to aim for a brand luxury will also
expand exports abroad. Thus, not only Determined to complete the goal of producing cars in the
Vietnamese market, VinFast is still Have those step progress big to presently real chemical
Reference hope export Umbrella Bowl Vietnamese go out water outside.

2. Muscle office reason discussion about R&D

a. High technology in the industrial revolution 4.0
Gender Introduction
The field of labor and employment is undergoing major changes on an unprecedented [Link]
to the shift of a number of factors such as technological improvements, the impact of climate
change climate change, changing characteristics of production and employment etc. In particular,
countries The world is witnessing a technological revolution, often referred to as Industrial
Revolution 4.0 (IR 4.0). The industrial revolution is taking place strongly in The Asia Pacific
region, especially in Vietnam, is witnessing the reform progress and application use labour
turmeric in place do job live speed degree fast than bag hour run out of andvery Multi form
in the branch profession other each other Special display belong to those life way network
Industry in the past was the application of different techniques to production. The first Industrial
Revolution used water and steam to mechanize production. The Second Revolution used
electricity for mass production. The third time used electronics and information technology to
automate production. And now The Fourth Industrial Revolution builds on the third and goes
beyond. with the digital revolution that began in the middle of the last century. Characteristics
of the revolution time This To be job push network release develop labour turmeric help erase
blur border gender between the weak to suephysical, digital and biological. Broadly defined,
IR 4.0 is characterized by rapid technological improvement through increased use of
communication mobile communications and internet connectivity (“internet of things”), big data,
artificial intelligence, technology robotics, autonomous vehicles, 3D printing, nano and
biotechnology, labour turmeric electricity maths etc.
Along with the transformation of all production, management and administration systems, IR 4.0
brings many opportunities and challenges in the field of employment, with direct and indirectly
to sectors in the economy (agriculture, industry and services) services) as well as worker groups
including the most vulnerable (bar year, extra female etc.).
Labour turmeric To be core to sue start create and transfer change job do
Technological advances can support economic restructuring (transformation). from agriculture
to manufacturing and services) by promoting the shift shifting labor between sectors and jobs
and/or simplifying work by reduce minimum those duty service complicated for People labor
moving
 In the agricultural sector, the application of mechanization is the key to improving productivity.
labor and agricultural economic diversification: With two-thirds of the labor force concentrated
in In rural areas, the number of jobs in agriculture and forestry and large fisheries, accounting
for about 40% of total employment in 2017.4 Although the growth Although industry growth
has declined over the past decades, there is still great potential. under-captured in non-farm
activities and diversification in the sector non-agricultural activities in rural areas and increased
productivity through mechanization”.5 For example, The expansion of e-agriculture6 has the
potential to increase agricultural and forestry [Link] fisheries and promote rural development
through the emergence of “jobs green”7 .
 In the manufacturing sector, the application of technological advances has the potential to
Moving workers to higher-skilled jobs that yield higher productivity rate High than: Newspaper
fox belong to ILO “ASEAN print transformation: How technology is changing jobs and
enterprises transformation” (temporary pandemic: ASEAN in too program transformation: How
technology is changing jobs and businesses) shows that the majority of jobs are in manufacturing,
especially textiles, clothing and footwear and electronics and electrical equipment will be
impacted by IR 4.0. Although technologyAlthough the high level has not fully penetrated the
industries, there have been signs shows the emergence of high technology in some industries.
Trade, direct investment foreign relations and technologies support all support contribute to
increase productivity growth In those branch labour career there, those replace change worth
tell in central limit arrive longLimitations often occur due to technological breakthroughs, such
as 3D printing, robotics, etc. industrial, internet of things (iv), computer graphics design and
body scanners v.v8 Accordingly, it is likely that fields such as engineering, transportation and
infrastructure will have job demand. do increase go up.
 Way network number Have potential power transfer pandemic People labor dynamic
luxurious do those labour job Customer-centricity in the service sector Technological
advancement also leads toto the emergence of the “gig economy” in which a large number of
jobs are dynamic above the background block direct line Satisfied go out life (Uber, Grab,
love trade electricity death). LastAt the same time, implementing new technological innovations
can improve workplace safety, increased productivity, wages and boosted a variety of demand,
along with expected increases in stream FDI and job next near easy easy than with the market
school export mouth big catch source from Free Trade Agreements (FTAs), especially the
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Trans-
Pacific Partnership (CPTPP) and EU-Vietnam Free Trade Agreement South when these
agreements are ratified. Productivity and working conditions are improved. good Have body
guide arrive reduce hour do and create go out much pandemic service and product product
prize mind [Link] is neither inherently good nor inherently bad because technology
cannot automatically guarantee undertake any function requiring the application of judgment and
ingenuity, creative intelligence and intellect. wisdom social (Frey and Osborne 2013). Therefore,
still support is needed People workers and protect them during this rapid change. In particular,
the role The importance of the informal economy along with the increase in alternative forms of
employment Freelance, non-standard work raises concerns about worker protections and the
quality of employment due to the employment relationship (employer/employee) dynamic return
should blur bland than.
b. Technology car steam Have Right To be labour turmeric High.
The automotive industry before the wave of industry 4.0. Turning a car from simple means of
transport into intelligent, communicative companions, Connecting with everything around is a
breakthrough in the 4.0 industrial revolution. Vietnam is joining this trend by starting to research
self-driving cars. The automotive industry will develop according to four main trends, including
automation, connectivity, vehicles electric and car sharing as a service. If before, the factors that
determined the difference of cars are engine, gearbox, drivetrain, fuel consumption... then day
by day Today, cars are like computers. Software and electricity have replaced many functions.
of mechanical factors, fuel, human participation. According to Mr. Nguyen Ngoc Thanh -
Deputy Director of the Department of Industry (Ministry of Industry and Trade), the vast
majority of car innovationsThe steam is now in the software. Car manufacturers understand that
cars are no longer the "territory of their "sacred" territory, but rather the domain of tech
companies. Many labour company Not yet each Reference family product export car like
Google, Tesla, Uber, Apple... even in progressdeveloping self-driving cars. German automaker
Daimler sees cars in the near future carrying elements of connected, autonomous, share and
services utilities) and electric (electric vehicles). Daimler is currently researching and developing
most of theSmart car product line, applying advanced technology and using electric energy. At
the same time, Daimler also completed research on operational connectivity factors. such as
connected devices, charging stations, smart technology, autonomous vehicles... Mr. NguyenBar
Talk - Owner president Practice group VAST Group give that, presently now the conclude
connect main To becore values of the 4th industrial revolution. Accordingly, the automobile
industryAuto will follow three main trends, including design technology, manufacturing and
hardware production. In line with the new era, intelligent control software technology and the
use of intelligence artificial intelligence, connectivity and communication technology. All three
development directions serve The sole purpose is to transform a car from a mere means of
transportation into abecome a "smart friend", capable of communicating and connecting with all
things around around. The main trend that automakers have been seeing is based on the
development of digital technology. At some point, cars will be able to "chat" with each other,
communicate with each other, connect to public systems and become "People Friend" close
design with child People.
According to FPT representative, with the main creative shift from hardware With 90% of the
industry being software, automotive will be one of the industries that will see dramatic changes.
most in the 4.0 revolution. Currently, new generation cars have more than 100 million lines of
[Link]. There are car models where the number of software deployed by FPT accounts
for 5 - 10%total quantity part soft use above car, Have those current car billion rate This go up
next 30 - 40%.
In the trend of integration with the world, Vietnam has had long-term solutions for the industry.
career Umbrella Bowl. Although however, car steam product fit labour turmeric number still
To be thing new batch in Vietnamese Male and there are not many companies participating,
both in the field of car manufacturing and development. software. In order not to miss the
opportunity and determined to promote the development of the automotive technology sector.
Bowl, FPT Satisfied head research rescue field area This.
Since 2016, FPT has established a company specializing in this field with scale of 700 people.
In mid-2017, the latest technology applications in image processing Image, artificial intelligence,
deep learning have been tested on cars by FPT. model car. October 2017, the first commercial
car to integrate self-driving technology Researched and developed by FPT The development
has been put into testing on campus. belong to Labour company
Mr. Le Hong Viet - Technology Director of FPT Corporation said, grasping the trend technology
development, FPT has invested heavily in developing self-operating technology and placing Aim
to become one of the world's leading enterprises in software technology soft give Umbrella
Bowl.
Presently in FPT in progress develop declare one number chapter program link mandarin arrive
labour turmeric car on one's own onionand automotive for about 40 major customers worldwide.
The group aims to By 2022, it will become the largest service provider in the automotive sector,
and By 2025, up to 10% of the world's automotive software will be developed by FPT. Currently
Have one number business career subject export fit work with FPT about car self-propelled
The conclude connect in branch labour career Umbrella Bowl To be too program pressure
use labour turmeric in lifeindustrial revolution 4.0 into research, production and operation. This
brings better labor productivity, more precise production, more advanced techniques and
products create smarter, safer. Currently, the brands VinFast and Thaco have invested labour
technology for production export car.
At VinFast's factory, expected to go into commercial production in 2019, there are up to More
than 1,200 robots are used. Similarly, at Thaco factories, there have been many robots are
operated. In which, the Mazda factory of this enterprise is a factory smart When Okay luck onion
complete all equal robot and wire production line export automatic.
Mr. Nguyen Thai Hoa said that Vietnam has many opportunities to develop the automobile
industry. bowl. In which, Internet and mobile phone growth is top of the world world, the
number of Vietnamese enterprises meeting CMMi standards ranks first in ASEAN. Some
Enterprises like FPT and Viettel are big brands, FPT alone is one of the 100 business career
pandemic service part soft position gender.
c. The Role of R&D in the Automotive Industry
Range mandarin weight belong to change new
An important development of the emerging global forces is the concentration industry increase
in R&D. In fact, the emphasis This strong increase appears in almost every industry, as
evidenced by a recent survey by the Institute of Industrial Research Institute (IRI), the umbrella
association for U.S. research organizations. Survey IRI's research shows that the top three
challenges facing R&D organizations today include manage R & D for growth business, promote
change new, and integration planlabour turmeric with war business strategy
Lip school terrible business direct line super edge painting belong to day day now Satisfied
suggestive again thosespark at GM R&D. To meet the urgent needs of business and technology,
Central heart R & D in progress close one shoulder game mandarin weight in rule program
change new bright createbelong to GM. Too program whole practice group This Okay release
develop enter year 1998 after When you leadGM executives realized that the company needed
more innovative products to increase its market share. worldwide. Due to serious financial
problems in the early 1990s, the item product product belong to GM Satisfied down slope arrive
level, according to the measure France belong to main labour company, onlyAbout 5% of
products in a category are considered truly innovative. That's a drop in the bucket. serious
decline, especially considering GM's legacy, which includes a steady stream of innovation
steadily originated from the formation of the R&D Center (see box, GM's legacy in innovation).
Clearly, GM needs to step up innovation to regain the excitement of its products. product in too
past
Shoulder game
The Role of R&D For decades, the industrial research community has explored break down the
role of R&D by asking questions such as How do we Dealing with emerging technologies that
may impact business but are not yet ready to be product introduction? Maybe guide to exchange
new product product, process and change new business for the corporation? These are questions
that have been explored by the entire community. industrial research for decades. During their
existence, most run out of the room test test labour career Satisfied transfer via the philosophy
reason management reason R & D ineffort force to obtain Okay result expect want.
At one extreme is the laboratory that operates somewhat isolated (like an ivory tower), with The
main focus is on technology just for the sake of continuing to develop technology. Little thought
has been given to the end user, the customer. This has been called world R&D. first generation.
Although this approach did lead to technological innovation, It is slow to bring new technology
to market because of weak R&D connectivity. with Technically technique and next market
At the other extreme is second-generation R&D, characterized by technological advancement
Short-term gains are driven by short-term goals (such as profits) last together). Central heart R
& D GM Satisfied spread via one cycle period like So When GM meet sprinkle tangledin
finance in the early 1990s. At R&D, we call this the all-in [Link] exercises. Obviously,
the disadvantage of a short-term research focus is that the company has may miss out on a
potential game-changing technology or innovation. In fact, in In many companies today, the
focus of the R&D organization is on making key products. in terrible business presently in return
should error time.
Is that the right approach for industrial research? Nowadays, most of the Industrial labs all have
balanced project portfolios, with some work oriented towards short-term needs and other work
towards breakthrough ideas and labour turmeric. Coin direction new floating animal taste best
To be practice central enter change new rule program product productand terrible business

3. Direction France research rescue

Definition taste market field item pepper
Manure song market school item pepper
There are many ways to segment the car market. However, instead of segmenting by vehicle
type, we will focus on consumer groups and their need to know main body Who will To be
guest row potential power belong to VinFast.

Vehicle selection
criteria
Brand/Trademark
effect
Race Track/ Road race City Street
Road in wall street

Effect power good/Performance Luxury/Characteristics power

Main street luxurious weight
Road street main

Rough Terrain Boulevards

Land image Grand exposed, road big
dangerous return

P rice/Price chief

Choose select and customer analysis row item pepper

Before run out of, VinFast in progress Have 3 sample car belong 3 type car other each other:

Class car Sample car USP/Information believe product product

Near VinFast Fadil  Engine: A-class car power with engine muscle 1.4 liter
class A Vehicle Type: give labour rate dark Multi 98 code force together box
- Family Hatchback number enter grant CVT.
car  Beautiful car : the appearance of a sporty off-road
family vehicle Multi-purpose, strong, different design from
sizesmall other products product live stool song
<3.6m  High safety : 6 airbags, anti-slip function (TCS), against
flip (ROM), have a cold variable back, camera back…
-> Overcome dominant so with stool song

Class D Lux A2.0  Luxury car quality: engine, platform and Many other
- Car size details come from BMW, developed based on luxury car
big specifications according to standards European standard
3.6 to Type car: Sedan Europe combined with components "row effect other like
3.9 meter box number, system system hang…
 Premium experience : upgrade options and
Lux SA2.0 personalization personification by preference, privilege
often appears only present on luxury and super luxury
cars like RollsRoyce, Bentley…
Vehicle Type: ->Go car BMW near the 3 billion with price than 1 billion
SUV Sport
Utility Vehicle,
car bodysports
Multi use
 Brand/Trademark effect

Race Track City Street

Effect power good/Performance Luxury/Characteristics power

luxurious weight

Main Street - Fadil

Boulevards - LuxA2.0

Rough Terrain - LUXSA2.0

Price/Price chief
 Choose select and stool product opposite to statue item pepper

Main Street -Fadil Grand exposed, Difficult terrain -

road big LUXSA2.0
- LUXA2.0

 Guest row This part big  Guest row This rather  .Male gender
To be buy car run service, specialized in the prefer off-road
recently fish small family muscles mandarin, driving and drive
in the citymarket labour office, good frequent like one
 Collect input: Central Jar business core… active dynamic
 Income: Above average commune festival.
Jar and High  Family family Have
4 member or more
and good Have coin
direction prefer
travel calendar wild
Core foreign and sport;
mout ready pay extra
h money with those
learn product product
Have matter
quantity Good.
 Often living
download female
wall street big.
 Collect input:
Above central jar
and High

 Their tastes are small Group People pepper use - Surname prefer body
cars like hatchback This often will spend morea sports, active dynamic
Le response require little for car purchasetheirs. outside God, way living
e persistence and They are looking for those pandemic transfer so
by terrible economy piece car Have matter convenience, power
Opposite to with strong, Are not space
wide
 group guest row high quality, technical finish spacious, economical of
family family, safe advanced techniques have course whether, Go
court is also a factor the following properties: above much land image
important. So the car latest features, as well as belong to The SUV is
VinFast Fadil design plan luxurious exactly that. those What
complete whole important Surname need.
edema fit with their Surname little mandarin - Although however, to
needs. Car maintain heart arrive brand that edema fit with life living
good advantage on focuses more on quality everyday, and more
the street but product product and comfort; they also to idea
improved significant calculate power. design plan Pretty and
speed increase above steam guide, page bag
distant exposed full full the convenient
 Beside edge there, suspect presently grand
opposite to with no least What the luxury
group guest row sedan like Lux.SA2.0.
family family, fish
core, soft bridge car
Multi-function
integration turmeric
and convenient
suspect then stool
song High grant new
belong to Fadil also
Have body answer
application Okay soft
bridge belong to
Surname.

War comb export mouth

VinFast Production and Trading Company Limited has completed the opened an office
in Frankfurt, Federal Republic of Germany, and is currently completing finalizing steps to open
offices in Shanghai, China and Seoul, South Korea. VinFast's presence in the largest automobile
production and consumption centers The world continues to affirm VinFast's stature and speed
on its journey to becoming aproduct export Umbrella full bridge.
 VinFast establishes subsidiaries in automobile production and consumption centers big
in continent Europe and continent Ah To be step Go mandarin weight next according to to
family enter market school Umbrella Bowlposition gender, body presently range look whole
bridge belong to love effect Umbrella Bowl Vietnamese. Thing This proof show Vinhave had
sufficient resources to expand into the market foreign school, able management skills, thing
onion export mouth effect fruit.
Direct exporting is one of the keys to the greatest success of many businesses. This
comes from a simple reason: This model makes workCustomer research made easy without
going through an intermediate filter or has hinder the exchange of information. When VinFast
can talk to customers directly, From initial sales contact to after-sales service, this business will
not only develop personally connected and strengthen relationships with your brand. You can
also find out specifically who is buying the product and what they want. in the product product
and way Have body practice central the change new belong to me. VinFast Have body
Regularly update new needs and changing tastes of customers to promptly reform progress
product product

NEWSPAPER FOX MANURE ACCUMULATE BELONG TO ACB SECURITIES

About the automobile industry based on estimated aggregate figures in 2017 Vietnam
There are 25 tourist buses per 1,000 people, a very low number compared to other countries in
the [Link]: Philippines (61), Indonesia (96), Singapore (138), Thai Lan (302), Malaysia
(634)… This report states that the Vietnamese automobile market is facing an opportunity to
increase. double-digit growth in the medium term based on a large, targeted customer base Per
capita income continues to improve, leading to the need to upgrade means of transport. transition,
macro policies promote the development of domestic automobile industry and the participation
ofof new manufacturers makes the product more competitive in price. “With Outstanding scale
and huge financial capacity from parent company VinFast bring these factorskey factor that will
change the auto market landscape in the long term,” the report said. However, However, this
securities company predicts that the market will need time to adapt to the product. new products
under the VinFast brand with evidence in Malaysia, two car brands Domestically, Proton and
Perodua were born at the end of the last millennium, both took 7-8 years to achieve next business
number 100 thousand umbrella car get very much support support belong to main government
Meanwhile, Mr. To Hai, General Director of Viet Capital Securities, commented that
carsTo be branch product export release develop based on above rule tissue big belong to
market school whole bridge. Specialized family
Viet Capital Securities cited hundreds of car manufacturers but most of them focus on
concentrated in several countries such as the US, Japan, Germany, Korea, France, Italy...
Meanwhile, a Some developed countries still fail to build domestic car brands like Australian
brand Holden. In the 1960s and 1970s, Holden held the era glorious when the Holden is the king
on the roads in the land of kangaroos. As competition heats up in the global auto industry, the
brand is on the wane. and last year 2017 company Right close door home machine product export
Mr. To Hai sees the world's automobile industry undergoing a shift. from internal
combustion engines to renewable energy, of which many EU countries have announced complete
replacement roadmap. Therefore, according to this expert, VinFast has the advantage of
investors. new, open-minded, able to apply the latest technologies in the stage transfer next in
branch labour career mandarin weight This.
Foreign experts say initial signs show VinFast is making efforts take ambitious plans seriously.
“There is a correlation between implementation VinFast's plan and the very low rate of electric
vehicles in Vietnam's urban areas, where There is a policy to control emissions and air pollution.
Of the 45 million motorbikes on the Roads, electric vehicles make up a very small portion and
there are virtually no cars. electricity,” said Michael Sieburg, an expert at Solidiance, in a report.
export copy between year 2018 about market school car steam live Winter Male Ah.
Regarding VinFast's direction, Ms. Le Thi Thu Thuy shared: "One of the advantages The
big thing about VinFast is that we are not a traditional car company. So VinFast not bound by
fourth way traditional products only as to maintain, develop products that are 'legacy' or limited
in terms of line, technology. Therefore, we are free to produce the products that we believe that
will pick up coin head direction of the market school."

4. Conclude fruit research rescue and grass discussion

a. Total mandarin about Vinfast

Gender Introduction product product

October 2, 2018 marked a new era, a huge milestone In the history of Vietnam's
automobile industry, that was when a car brand of Vietnamese officially debuted at one of the
most prestigious car events in the world - Exhibition exhibition UMBRELLA Bowl Country
economy Paris 2019 (Paris Motor Show) and even will two sample car sedan Lux A
2.0 and VinFast's SUV Lux SA 2.0 were also honored to receive the "A Star is Born" belong
to nest function Autobest.
Although not the first "Made in Vietnam" car brand by a business, domestic industry
However, VinFast has proven prove that a product Products created by Vietnamese people are
also world-class, with full features. requirements for jurisdiction America and special calculate
Technically technique belong to one love effect class grant like Mercedes-Benz good Audi.
The above two VinFast models are originally inspired by two car models. sedan 5 series
and SUV X5 belong to home BMW But via table hand belong to those home design plan
UmbrellaPininfarina's flagship car, Italy has become the perfect two-person concept for the so-
called luxury car. high-end . Both cars are equipped with BMW N20 2.0 turbocharged engines
manufactured by VinFast. buy again from home BMW (Okay BMW history use those year
before 2016) with box number 8 grantof ZF. While Lux A 2.0 is positioned as a very elegant,
modern and luxurious [Link] SA 2.0 weight yet has the personality of a sports car, with the
dynamic 2 bridge together design plan muscle corn, young central.
Following the success of the two models above at the Paris Motor Show, VinFast
continues to continues to impress the Vietnamese people with the third model that has been
developed and introduced. On November 20, 2019, VinFast officially introduced all of its
products. me at Thong Nhat Park, Hanoi - the Fadil . Based on the Opel platform Karl Rock,
one sample T h e c a r h a s a relatively similar appearance to the Chevrolet Spark 2019
The upgraded version is being sold in the US, but VinFast Fadil has full equipment level.
Impressive, somewhat superior to competitors Kia Morning, Hyundai i10 and even Toyota Wigo
in stool song car sedan class A belong to me. If Lux A 2.0 and Lux SA
2.0 aim enter opposite to statue To be floor class central save, those People Have almost
bag wide cobble thenFadil targets the small car market, mainly serving families with budgets.
short and one set part Are not small guest row run car service.
Thus, VinFast was very smart in targeting all market segments. The hottest car market
in Vietnam with the needs of millions of people. Soy sauce hybrid belong to the sample car This
and VinFast still very develop hope live side before.
Right from the start, VinFast has worked closely with leading partners. world, with
experience and reputation in the fields of engineering, technology and manufacturing, such as
BMW, General Motors, Magna Steyr, AVL, Bosch, Siemens, Pininfarina, Ital Design, GROB-
WERKE, Eisenmann, Schuler, Dũrr, ABB, FFT, EBZ... Cooperation relationship This is an
important foundation for VinFast to build a leading modern production complex in the region.
area and produce products with quality equal to that of automobile brands. floating language best
position world, sold with price Fit with collect enter belong to People Vietnamese.
b. War comb release develop belong to VinFast – Love effect Umbrella Bowl “Made
print Vietnam” headfirst:
 VinFast's goal: is to become the leading automobile manufacturer in Southeast Asia with
The design capacity of the automobile manufacturing complex is up to 500,000
vehicles/year and of the complex product export car machine electricity up to 1,000,000
vehicles/year year 2025.
 VinFast's main products are internal combustion engine cars and electric motor cars. and
car machine body electric environmentally friendly

To achieve the current achievements, VinFast has been maintaining the following strategies:
strategy and efficiency in business as well as marketing. In addition R&D department also give
go out link custom those research rescue and reform progress the product product, sacred
case presently Have to presentlygrand and convenient profit than.

i. Fit work with those love effect top of the world gender:

 Design platform : VinFast gives Vietnamese people the opportunity to decide the direction
of the car's design right from the beginning of the design process through a public vote
declare After there, from the sample create image win war win belong to ItalDesign (month
10/2017), Pininfarina has release develop and complete good design plan car.
 Quality foundation: VinFast aims to develop two world-class car models in half the time it
normally would. Therefore, to save time without affecting quality, the first models of
VinFast Established by over 400 engineers from leading vehicle engineering consultancy –
Magna Steyr. In addition, the Austrian consulting company is responsible for integrating
the systems. newly developed vehicle systems, the latest generation ECU technologies from
Bosch and a system electricity presently grand.

 Gearbox engine platform: VinFast has signed a cooperation agreement with Austria's AVL,
to world leader in powertrain engineering design gasoline engine new turbocharged 2-liter
four-cylinder for both models. At the same time, the new VinFast engine Combined with
ZF's renowned 8-speed automatic transmission, it is considered one of theproduct Good best
in the world gender.

ii. War comb buy back 'wise good':

 By agreeing to acquire GM Vietnam, VinFast once again shows its understanding
Understand how to play the global supply chain while participating in the chain in a fast best
equal those love service buy back
 VinFast has chosen the best time to acquisition of GM. The deal took place just two months
after GM's South Korean subsidiary was on the brink of bankruptcy. Country. Timing helps
a deal to be successful between one party and another. A new company entering the industry
that needs to perfect its operations, and on the other side is a GM Group units are
continuously implementing a strategy of withdrawing investments in markets. school
country economic, simple simple chemical and streamline set machine.

 By agreement to transfer the entire Chevrolet factory and distribution system In Vietnam,
the American car manufacturer has decided to withdraw from the market, even thoughThe
company just set a record for car sales last year since its inception. Have face in Vietnamese
Male.

iii. Factory export Have speed degree fast:

 VinFast automobile factory complex has an area of 335 hectares located in Dinh An
industrial park. Vu, Cat Hai, Hai Phong. Just over a year after the groundbreaking ceremony,
the housing complex VinFast machines have taken shape, most of the factories have been
completed and are assembling the lines. production line. VinFast factory was designed and
installed by foreign [Link] line, many production stages are automated, not
needing many workers labour.

 VinFast factory complex includes an operating building, an electric motorbike

manufacturing area, and a automobile manufacturers, supporting industrial parks, training
centers and research institutes andR&D development. Both the automobile factory and the
electric motorcycle factory have Design capacity 38 cars/hour. In phase 1, each factory will
produce 250,000 cars/year and 500,000 cars/year enter stage paragraph 2. Private home
machine product export car machine electricityHave body lift up 1 million cars/year

iv. The support about labour turmeric belong to practice union turmeric VinTech:
To fulfill this mission, VinTech has built for itself two research institutes: the Institute of Data
Research Big Data and VinTech Research Institute Hi-Tech. Like So In the future, it is likely
that Vinfast car models will be integrated with software. by VinTech together the opposite to
side effects blame release develop

5. Conclude discussion, prize France, ants proposal

a. Conclude discussion
With the activities of the R&D department and advances in automobile manufacturing
technology, Vinfast is on the right track with its goal of becoming a car manufacturing enterprise.
top steam in Southeast Asia. Cheap cars are the constant dream of many Vietnamese people. For
the past 30 years, domestic users have been longing for a technology career car release develop
to drag price car short down. Although however, the export presently fast fastbelong to VinFast
also Not yet body variable sleep dream there wall presently real, by car price cheap best in
prize product product To be Fadil also soy sauce present price belong to much current car
together stool song
According to a financial expert, for many years now, cars in Vietnam have been
considered is a luxury item that needs to be limited, subject to many types of taxes on top of
taxes, leading to the price of cars at a higher level than with face equal area area and world.

b. Solution to elevate Vinfast to an international-class automobile company

Labour career release develop system born state product product
information bright
In the field of industrial production, Vingroup promotes the development of vehicle lines.
class grant country economy
Commercial production of Fadil model in the second quarter, Lux A and Lux SA in the
third quarter III/2019; go out eyes of the samples Umbrella Bowl new at most run out of the stool
song
Developing new environmentally friendly vehicles, including electric buses and
motorbikes electricity in different segments; perfecting the distribution system and after-sales
service in and outside water.

Labour turmeric research rescue prize decide the post maths belong to main Practice group and the
P&L

The Group's technology companies play a role in providing services. information

technology (IT), management solutions, network security solutions, solutions data analysis,
digitalization for businesses, including Vingroup itself and P&Ls (models) image central heart
profit profit toxic set up).
Group the institute research rescue will history use labour turmeric to prize decide the
post maths aboutbig data such as gene decoding, image processing and speech recognition (Big
Data Institute), Focus on AI research with the goal of raising the level of Vietnam's AI research
world-class (AI Research Institute), and the Institute of New Materials will focus on research on
object whether new like battery position system new, progress next owner dynamic about labour
turmeric.
In addition, research institutes also have a role in managing the Innovation Fund. Support
scientific research topics of Vietnamese graduate students at home and abroad water, carry lips
again school research rescue department learn new in Vietnam Male.
Vingroup Ventures startup investment fund will invest in startups global industry with
three pillars head fourth: first is technology companies specializing in solving big global
problems; second are companies and funds that can leverage Vingroup ecosystem to support
these companies to grow faster and stronger, and rank three To be the labour company Have
body support support give increase Chief belong to Vingroup and the P&L.

c. Ants proposal
For a product to be able to scale, choosing the right consumer market is important.
potential to play a role extremely important That market must meet the suitability combination
of product function and features with taste and payment ability belong to People pepper use.
Southeast Asia is a potential market, promising to bring in a large amount of large
revenue for the company and create a position for the brand in the international market. However
of course This also To be market school Have calculate edge painting High should VinFast
need progress onion eachstep careful important in the past program deep import, special special
To be research rescue guest row item pepper.
i. Ants proposal reserved give Vinfast

"VinFast accept receive hole to cover market school"

In addition to 492 million VND in taxes and fees for each Lux A2.0 from the factory to
the [Link], VinFast must pay tax on the components. According to VinFast, each
car is made from 20,000 to 30,000 components, although the company aims to Localization up
to 60%, but this stage still has to import most components. Because of the exposure The
localization process certainly cannot be achieved overnight. With the tax rate With imported
components costing from 10% to 25%, the VinFast A2.0 sedan could cost more than 100 million
copper give section tax This.
After deducting expenses, VinFast received more than 400 million VND for Lux A2.0
[Link] chassis, engine, Italian design, components from top suppliers head position
gender like Lear, Faurecia, Eagle Ottawa... together the labour turmeric support support luck
onion,safe all
Compared to the region and the world, Vietnam is one of the countries with high car
prices top. According to experts, in the current cost structure of cars produced in Vietnam, Taxes
and fees account for 45% - 55%, the rest is the cost of vehicle production and business profits.
The principle of car tax is tax on tax, meaning the new tax will be calculated based on the value.
The car has been taxed. This is why the same type of car in Vietnam has a different price. High
urgent pair, even will urgent 3 so with much water other.
Meanwhile, the cost of car production in Vietnam is 20% higher than in other countries.
in the region, as most components are imported, when the industry extra support Not yet release
develop
Therefore, economic expert Ngo Tri Long believes that to reduce car prices in Vietnam,
Male then catch force Right reduce tax and push strong branch labour career car in water.
Grandfather
Long also give go out wallet example, one number water Are not pressure tax pepper receiver
special special opposite to with face rowcar internal land, in When branch labour career car
always Okay advantage priority to release develop
After less than 2 years since its establishment, VinFast already has 3 car models, 1 electric
motorbike products, and will also launch many more products such as electric buses in the future.
in the coming time. In addition, VinFast Product Research and Development Institute also
proposed to attract international partners to join in, such as establishing a joint venture in
packaging and product export battery with Labour company LG Chemistry belong to Weld Near
country This", grandfather Hue said.
Along with R&D development, VinFast will gradually increase the localization rate. of
the project. Supporting industrial park - occupies about 30% of the area of the factory complex.
VinFast Satisfied gradually Okay cover private with much subject judgment
With practical lessons from VinFast, Vingroup Corporation proposes some ideas ants to
contribute part end push area area terrible economy private core Vietnamese Male release
develop
Firstly, there should be policies to encourage and support private economic
investment. invest in high-tech application fields and research and development
activities release develop
Second, need promote human resource development, especially train university,
vocational training, training high quality human resources to meet soft bridge release
develop terrible economy land water.
Third, it is necessary to continue to facilitate the Innovation Network Connection
Program. New innovations continue to be promoted, contributing to attracting the
brainpower of the Vietnamese team. Kieu. The private economic model will have
good conditions to invite scientists. about do work, from there contribute part release
develop country family.
Fourth, it is necessary to have strong policies to promote supporting industries.
release develop
Fifth, it is necessary to create conditions for attracting foreign investment in the field.
labour career extra support

ii. Ants proposal reserved give main cover and the home function blame

Compared with imported automobile products, especially products from ASEAN, Domestically
produced and assembled cars are facing a price disadvantage due to high production costs. than
the water from 10 - 20%.
There are many reasons such as small market capacity and underdeveloped supporting industry.
development, mainly importing components from abroad... However, the domestic automobile
market In recent years, growth has been better, the market for cars under 9 seats has grown on
average. jar 20 - 30%/year.
Recently, many businesses have invested in large-scale automobile manufacturing projects. It is
expected that demand for automobiles will explode in the period up to 2025. However, the
industry Vietnam's automobile industry is still young compared to many other countries, so many
policies are needed to ensure its viability. competitiveness, first is to survive, then develop as
expected by the Government go out.
In 2018 and early 2019, after tax reduction, the number of cars imported into Vietnam Male
increase sudden variable. Attend ants year 2019 product quantity enter mouth will urgent
pair 2017, with
170,000 piece, occupy than 50% market school car in water. If Are not Have prize France in
timetime, branch labour career car difficult exist in in stage paragraph next.
 If we can produce components ourselves, it will both help reduce the cost of car production and
help create price treat family increase give branch extra support car in water. Because there,
Set Labour love in progressCoordinate with the Ministry of Finance to propose many solutions
to the Government, including the proposal to only Special consumption tax is calculated on
imported spare parts, and on the value of the parts. case product export in water will Are not
calculate tax.
This policy aims to both increase the localization rate and promote enterprises. Domestic auto
industry increases purchase of domestic components and spare parts. When car prices decrease
new create go out content quantity market school enough big to end push product export
According to the report of the Ministry of Industry and Trade, in 2020, the market size,
consumption and capacity The domestic auto industry's production capacity will surpass that of
the Philippines, which currently has the largest auto industry in the world. product export
Umbrella Bowl big fourth in ASEAN.
The Ministry of Industry and Trade has proposed three groups of solutions to develop the
automobile industry: First, is to create a large enough consumer market to encourage the use of
domestic vehicles, which emphasizes transparent and healthy development through measures
against space cheat love trade, row fence Technically art
Second, the Ministry offers very strong support solutions for car assembly businesses. domestic,
including no special consumption tax (SCT) on the value portion domestically produced cars.
This is considered an unprecedented incentive for joint ventures. or business career do extra
support Umbrella Bowl If Okay information via.
In the third group of solutions, the Ministry of Industry and Trade proposed that the Government
and the Ministry of Planning and Investment attract investment. multinational corporations
invest in large-scale projects in Vietnam, especially focusing on Focus on large corporations and
car lines that do not have production facilities in the region. ASEAN.
According to Total lump Sea mandarin, in 5 month head year 2017, Vietnamese Male Satisfied
enter total add 43,274 Umbrella Bowl, increase 5.3% so with together period year last with
treat price 878 million USD, reduce10.1% so with last month 5/2016.

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