Thursday, June 5, 2025 5:00:15 AM - Markets open
VN-INDEX 1,345.74 -1.51/-0.11%
HNX-INDEX 230.83 +1.89/+0.83%
UPCOM-INDEX 99.01 -0.31/-0.31%
VIC: VinFast automobile factory to become operational in June
Vietnam News - 4/16/2019 3:05:39 PM
 (0 ratings. You must sign in to rate.)
Vietnamese automaker VinFast announced on Tuesday that the firm will officially put its automobile manufacturing factory into operation in June this year, three months earlier than scheduled. 
 
With construction and installation lasting just 21 months, the upcoming opening of the plant is a feat in the global automobile industry, especially for a new business like VinFast.
 
From the end of the first quarter of this year, VinFast has shipped batches of cars to 14 countries across Asia, Europe, Africa and Australia to test them for safety and endurance against standards in those countries. After the strict crash and technical tests following the international standards, VinFast car models have been evaluated positively.
 
The testing results have reflected the perfection of production lines and the plant’s level of readiness. These form an important basis for VinFast to accelerate the inauguration of its factory.
 
VinFast Chairwoman Lê Thị Thu Thủy said the quality of VinFast vehicles is highly appreciated by leading inspection centres around the world, adding that this confirms the capacity and completion level of production lines of the firm.
 
VinFast is ready to bring to Vietnamese consumers quality and world-class automotive products, she said. 
 
The VinFast automobile factory was built with leading scale and modernity in Southeast Asia. The production process at the factory is completely synchronised and closed with workshops for stamping, welding, painting and assembling.
 
As scheduled, VinFast will officially sell its CUV Fadil model in the second quarter of 2019. Sedan and SUV models branded Lux will reach customers in the third quarter this year. 
 
VinFast, the car manufacturing unit of Việt Nam’s largest private conglomerate Vingroup, showed off its first two car models, a sedan and an SUV, at the Paris Motor Show in France last October just a year after the company’s incorporation, grabbing the attention of local and international media. — VNS
 
 
Read more at here
 
Newer News
04/06 Listed companies intensify equity fundraising efforts
03/06 VinFast wants to turn VN into a regional hub for automobile production.
03/06 Vietnam Airlines launches nonstop service between Ho Chi Minh City and Bali
31/05 Vietjet soars into next phase of growth
27/05 Vietjet places order for 20 Airbus planes to fuel future expansion
20/05 Vietnamese firms confront rising wave of trade defence measures
16/05 HVN: Vietnam Airlines aims to raise $880m in the next two years
14/05 Thai firms collect over $1.2 billion in dividends from Vietnamese companies
14/05 VinSpeed proposes $61 billion investment in North-South high-speed railway
13/05 SBV approves NCB’s plan to increase charter capital
Older News
16/04 SAB: Sabeco plans higher dividend despite declining net profit
16/04 CTS: Resolution on the AGM 2019
16/04 PNC: Holding AGM 2019
16/04 PNC: BOD approves the content of AGM 2019
16/04 OGC: Holding EGM 2019
16/04 MBB: Holding AGM 2019
16/04 LIX: Notice of change of meeting time of AGM 2019
16/04 LMH: Holding AGM 2019
16/04 LIX: Member of BOD resignation
16/04 LCG: BOD resolution dated April 05, 2019
 
Newsletter Signup
Top Stories
Corporate bond market surges in April, led by banks and real estate
Profit-taking pressure grows as market retreats
Open-end funds keep attracting capital inflows
Stock market upgrade expected by September
Stock market starts off May on a positive note as key stocks gain post-holiday
Market Update
Last updated at 3:10:02 PM
VN-INDEX 1,345.74 -1.51/-0.11%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.