Vietnam Vietnam Economy Thread

[xizhimen]

Can Vietnam beat China to become the "manufactory of the world"?

12-10-2021 - 08:38 AM

Vietnam is considered as one of the fastest growing economies, the most impressive among emerging economies in Asia. So what is the opportunity for Vietnam to replace China to become a "new global factory"?

What makes Vietnam an export powerhouse in the region?

A team of economists from AXA Investment Managers Asia based in Singapore has analyzed and explained the reasons why Vietnam can become an export power in the region, and assessed the prospect of becoming a "factory for export". second world" after China of this Southeast Asian economy.

According to two economists Aidan Yao and Shirley Shen, Vietnam is considered one of the fastest growing economies, the most impressive among emerging economies in Asia (excluding China). deeply integrated into global trade in recent decades.

Macroeconomic experts from AXA Investment Managers Asia affirmed: "Vietnam is increasingly competitive in trade and has become an attractive manufacturing center in the world".

According to the assessment of AXA Investment Managers Asia, Vietnam's successful integration into the Association of Southeast Asian Nations (ASEAN) is the "key" to the strong growth of trade activities.

In the region, Vietnam ranks highly in terms of economic performance, fueled by strong returns from manufacturing development and export potential.

In addition, Vietnam has also signed many free trade agreements (FTAs) with different major regions and economies around the world such as Japan (VJEPA), the European Union (EVFTA), the UK (VJA), and the EU (EU). UKVFTA), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Regional Comprehensive Economic Partnership Agreement (RCEP), etc., this has created a favorable environment for trade relations to develop. even stronger.

Previous studies by AXA Investment Managers Asia have all shared that Vietnam has been a prominent winner in terms of global export market share in recent years.

Especially as China has successfully risen to assert value in the global trade supply chain, bypassing the gaps in lower value growth, using low-cost labor, and making the country lose its competitiveness. compared to neighboring countries that are making strong breakthroughs like Vietnam.

The research team of AXA Investment Managers Asia said: "Vietnam has achieved a 5-fold increase in export value over the past decade, significantly outperforming the rest of Asia".

In addition, in the past time, Vietnam is considered one of the countries that benefit the most from the trade conflict between the US and China, along with the rapidly increasing competitiveness in the manufacturing sector also contributes to the growth of the economy. Vietnam has risen to become an export power in the ASEAN region in particular and Asia in general.

Figures show that Vietnam's exports to the US increased by 29% in 2019. At the end of last year, Vietnam became the 6th largest importer to the US market, up from 12th place in 2017.

In terms of attracting foreign direct investment (FDI), Vietnam has been particularly successful thanks to the government's preferential policies during the past time. In particular, Vietnam's FDI inflows have grown the fastest in the region.



By 2020, Vietnam has 369 industrial parks, an increase of 180% compared to 2005. Vietnam has also ranked up in the ranking of the "ease of doing business" index of the World Bank (WB), up 23 places up. rank 70 compared to 10 years ago.

Besides, in terms of competitiveness assessment scores based on business facilitation, logistics quality, wage costs, Gross Domestic Product (GDP) growth as well as changes in the In terms of exports and FDI, Vietnam is considered as the most competitive country in the region. This has helped increase export market share impressively in recent years.

Regarding Vietnam's manufacturing industry in the past decade, a series of statistics show that the value of the industry has increased the most, twice the rate of India.

According to AXA Investment Managers Asia, one of the important reasons for Vietnam to emerge as a powerhouse of commercial production and assembly is its ability to attract businesses to relocate and re-establish production bases.

Two economists Shirley Shen and Aidan Yao said that, in addition to the wave of supply chain shift from developed countries to the community of developing countries, previous AXA research also showed that manufacturing profits The low level caused the world's leading multinational corporations to start migrating out of China in recent years.

The reasons indicated are that China has a rapidly growing economy, increasing labor costs, rapidly increasing production operating costs or recently trade tensions with the US, along with With the impact of the COVID-19 pandemic, the wave of production shift is accelerating faster and faster.

At the end of 2018 and 2019, Samsung also closed two large phone assembly plants in China, moving to Vietnam, so that half of the leading handsets of this Korean electronics group were assembled. in Bac Ninh and Thai Nguyen.

Leading fashion, apparel and footwear supply chains, such as Nike and Adidas, which recently decided to move their production bases out of China, have also chosen Vietnam as a safe haven.

In addition, many of the world's leading technology giants such as Google, Microsoft, and Intel, have also moved or are in the process of converting parts of their production lines to Vietnam.

Can Vietnam become a "world factory" to replace China?

According to Mr. Aidan Yao and Ms. Shirley Shen, although Vietnam is a popular destination for global supply chain relocation, there is nevertheless the potential for this Southeast Asian country to become "the world's new factory" " or "new global factory" is unlikely.

The research team pointed out: “The size of the economy is an important issue when it comes to forecasting whether Vietnam is able to replace China's position in the global supply chain or not. Compared to the world's second largest economy, Vietnam's economy is actually much smaller - only 1/5 of China's GDP and 1/5 of China's population as well as the total existing productive workforce.

In addition, Vietnam's manufacturing output accounts for only 0.3% of the total global output, while China's accounts for 28%.

Other comparisons, including research and development (R&D) spending, infrastructure construction, rail lines, stock values, and power generation capacity, are all significantly different, creating a gap. large gap in size between Vietnam and its giant neighbour.

Việt Nam có thể đánh bại Trung Quốc để trở thành "công xưởng sản xuất của thế giới"?

Việt Nam được đánh giá là một trong những nền kinh tế tăng trưởng mạnh mẽ, ấn tượng nhất trong số các nền kinh tế mới nổi ở châu Á. Vậy cơ hội nào cho Việt Nam thay thế Trung Quốc để trở thành "công xưởng sản xuất mới toàn cầu"?

cafef.vn

Vietnam first needs to beat two adjacent Chinaese provinces Guangxi and Yunnan, both have just less than half of Vietnam's population with much bigger GDP than Vietnam, and both are among the poor provinces in China.

 

[Viva_vietnamm]

Vietnam first needs to beat two adjacent Chinaese provinces Guangxi and Yunnan, both have just less than half of Vietnam's population with much bigger GDP than Vietnam, and both are among the poor provinces in China.

SO, how Guangxi and Yunnan still make money when Samsung, LG , auto part-tire factories etc left them to VN plus power crisis in CN now ?? By creating more Evergrande companies there ??

 

[xizhimen]

SO, how Guangxi and Yunnan still make money when Samsung, LG , auto part-tire factories etc left them to VN plus power crisis in CN now ?? By creating more Evergrande companies there ??

Now Chinese domestic market is the world biggest and China is moving to a consumption driven economy, every industry is moving up the value chain with more value added production, this is way trade is booming in recent years.

 

[xizhimen]

Now tourism is the pillar of Yunnan's economy, the biggest disadvantage of Yunnan is it is a landlocked province, it's why it is still one of the poor provinces in China.

Traditionally, Yunnan has eight key industries, these are:

• Modern plateau agriculture;
• Cultural tourism;
• Modern logistics;
• Information technology;
• Biomedicine and healthcare;
• Foods and consumer goods manufacturing;
• New materials industry; and
• Advanced equipment manufacturing industry.

 

[Viva_vietnamm]

Now tourism is the pillar of Yunnan's economy, the biggest disadvantage of Yunnan is it is a landlocked province, it's why it is still one of the poor provinces in China.

Traditionally, Yunnan has eight key industries, these are:

• Modern plateau agriculture;
• Cultural tourism;
• Modern logistics;
• Information technology;
• Biomedicine and healthcare;
• Foods and consumer goods manufacturing;
• New materials industry; and
• Advanced equipment manufacturing industry.

So, the way to develop the economy between VN and Yunnan are different now, we focus on attracting more FDI, more Green and High tech factories, more R&D center like Samsung center, trying to build our own factories and R&D center and try to sell more VInfast cars, EVs to EU-US while Yunnan is focusing in tourism thanks to big CNese domestic market.

Yunnan's development way is unstable, easy toget hurt during pandemic while VN's development way is stable and will help VN to get rich like Japan or S.Korea

 

[Viva_vietnamm]

Many "big guys" in the electronics industry continue to invest in Vietnam

Phuc Minh - Many "big guys" in the electronics industry continue to invest or expand production in Vietnam through large projects. Bac Ninh, Hai Phong, Bac Giang, Thanh Hoa and Da Nang continue to become the localities receiving huge investments from these FDI projects…. This information was announced by Navigos Group, a corporation providing human resource recruitment services in the recently released report on the recruitment demand for mid- and senior-level personnel in the Vietnamese market in the third quarter of 2021, forecasting the trend. recruitment direction in the fourth quarter of 2021 and the beginning of 2022.

MANY BIG ENTERPRISES CONTINUE TO INVEST AND EXPAND PRODUCTION

According to a report by Navigos Group, the market is seeing many large enterprises in the electronics industry continue to invest or expand production in Vietnam through large projects. In which, there are projects to build large research centers (Research & Development - R&D). Bac Ninh, Hai Phong, Bac Giang, Thanh Hoa and Da Nang continue to become the localities receiving huge investments from these FDI projects. Some businesses in the North in this segment, due to effective Covid-19 prevention and control measures, still maintain good production activities.

There was even a slight growth due to receiving many production orders from other branches that are affected by Covid-19.

Besides, the market also observed a large recruitment demand for candidates who know Chinese due to the shift of businesses from China to Vietnam.

Also because the impact of Covid-19 is less than in the South, most of the textile enterprises in the North are still maintaining good production at the moment. Many businesses have more orders from other regions in Asia to move to Vietnam, because these regions have not yet controlled the disease well. Therefore, large and reputable textile and garment enterprises are doing very well with current orders.

There are companies that have received orders until April 2022 and still need to recruit more workers. Some companies say their profits have even doubled in the past. BUSINESSES HAVE A DEMAND TO INCREASE RECRUITMENT The hiring forecast may increase due to increased orders from some businesses, but not too much. In addition, if businesses hire, most of them will be to replace employees who have quit their jobs and strengthen the team with positions that need high skills and techniques. Positive recruitment signals also appear in the banking industry, when units in this industry are racing to transform digitally, so the demand for recruiting high-quality personnel is still increasing. Accordingly, not only large-scale banks, smaller banks and a number of securities companies have also planned and invested in the transformation, establishing Project Committees/Conversion Blocks. Therefore, the demand for personnel at all levels for information technology and digital transformation positions continues to increase, especially for the positions of application development, technology development, transformation management, administration. and data analytics, digital marketing and business.

Navigos Search's forecast shows that this digital transformation race is still going on for banks and companies with sustainable resources and strategies, so the demand for the above-mentioned high-quality human resources is high. still increase. Meanwhile, the electricity - electronics, mechanics and furniture industries in the South decreased by 70% due to the temporary closure of the factory. Due to the strong outbreak of the Covid-19 epidemic in Ho Chi Minh City and neighboring provinces, businesses in the electrical - electronic, mechanical and furniture manufacturing sectors faced many difficulties. Businesses that want to maintain operations need to implement the 3T policy, leading to costly expenses, causing many businesses to choose to temporarily close so that when the epidemic is under control, they will reopen.

Similarly, many FMCG and retail businesses will postpone recruitment and stop hiring in the fourth quarter of 2021. The main reason is that businesses focus on disease prevention, so production and business activities are interrupted or owners remain at a low level. Candidates in this field, affected by Covid-19, are not open to new opportunities to ensure job safety. Therefore, the market is still short of potential candidates for the positions that are currently being recruited. In the fourth quarter, businesses in the retail industry are gradually reopening, and recruitment demand is forecasted to increase slightly in early 2022. Businesses in the commercial consumer goods industry are still recruiting, However, it is forecasted that in the fourth quarter, recruitment demand may decrease slightly compared to the third quarter.

Nhiều "ông lớn" trong ngành điện tử tiếp tục đầu tư tại Việt Nam

Nhiều "ông lớn" trong ngành điện tử tiếp tục đầu tư hoặc mở rộng sản xuất tại Việt Nam thông qua các dự án lớn. Bắc Ninh, Hải Phòng, Bắc Giang, Thanh Hóa và Đà Nẵng tiếp tục trở thành các địa phương nhận được các đầu tư rất lớn từ các dự án FDI này….

vneconomy.vn

 

[Viva_vietnamm]

VinFast Announces Global Premiere Of Its New EVs At The 2021 Los Angeles Auto Show​

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NEWS PROVIDED BY
VinFast
Oct 14, 2021, 14:27 ET

​

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LOS ANGELES, Oct. 14, 2021 /CNW/ -- VinFast, the Vietnam-based automotive manufacturer established in 2017, has announced the global premiere of the company's new EVs at the 2021 Los Angeles Auto Show®. Taking place at the LA Convention Center from November 19th to 28th, 2021, the LA Auto Show is one of the world's most influential automotive shows. VinFast will unveil two of its latest EV models at this year's event—VF e35 and VF e36—marking an important milestone in VinFast's global expansion plan.

VinFast announces global electric vehicle premiere at the upcoming 2021 Los Angeles Auto Show.
VinFast is proud to be the only EV brand representing Vietnam to attend the 2021 LA Auto Show from November 19 to 28, 2021. At this year's LA Auto Show, VinFast will introduce the VF e35 and VF e36 electric SUV models in the respective D & E market segments. These two EVs integrate ADAS (Advanced Driver-Assistance Systems), featuring Lane Assist, Collision Warning, Driver Monitoring, Fully Automated Parking, Summon Vehicle, and more. Moreover, VF e35 and VF e36 are equipped with Smart Infotainment, including in-car control features with Voice Assistant, Virtual Assistant, and E-Commerce Services, among others.
These advances stem from VinFast's strategic investments, pioneering research and development, and global collaboration with automotive industry leaders and innovative start-ups associated with VinFast and Vingroup.
At the event, VinFast will officially launch its global EV brand and its smart and environmentally friendly e-mobility solutions researched and developed by Vingroup's technology ecosystem.
This global premiere marks the official introduction of the VinFast EV brand to the North American market. Pre-order will begin in the first half of 2022.
Ms. Le Thi Thu Thuy, Vice Chairwoman of Vingroup, shared: "Global demand for quality EVs drives the work of our VinFast team every day. We have made vigorous investments and conducted extensive market research to create premium EVs that will satisfy the desires of global customers. This is just the beginning. We hope to capture the hearts and imaginations of even the most demanding customers with VinFast's dedicated service and smart, high-quality products."
The 2021 LA Auto Show marks the return of VinFast to the global stage since its first introduction at the 2018 Paris Motor Show. This time, VinFast will officially enter the global EV revolution and compete in North American and European markets after this global launch.
…



SUV VF e35.

According to Ms. Lisa Kaz, CEO and owner of the LA Auto Show: "We are very proud to have the first-ever Vietnamese automaker, VinFast, choose the 2021 LA Auto Show to make their North American debut. As a pioneer in supporting consumer adoption of and education on electric vehicles, we welcome electrification and EV brands." Ms. Kaz added: "We look forward to supporting VinFast's presence at this year's show and will keep a close eye on their brand development."
Prior to their 2021 LA Auto Show exhibition, VinFast will organize a press conference on November 17, 2021.
VinFast is offering 500 free tickets to the LA Auto show for EV lovers and prospective American customers who want to "join the charge" with VinFast. Participants can register to receive complimentary tickets and watch the live stream of the global premiere at the website: https://www.vinfastauto.com/globalpremiere.
About the Los Angeles Auto Show (LA Auto Show®)
Founded in 1907, the Los Angeles Auto Show (LA Auto Show®) is the first major North American auto show of the season annually and is widely recognized as one of the most influential shows globally. Reflective of its location, the show celebrates the love affair Angelenos have with their cars and offers a global platform to industry technology and innovation, synonymous with California. The show runs for 10 full days over the Thanksgiving period and is a must-attend destination for many industry influencers, car enthusiasts, and families wanting to enjoy a day out over the holiday season. Held annually at the Los Angeles Convention Center, the LA Auto Show contributes several hundred million dollars to the local economy, stimulates the local job market, and is the number one revenue generator for the LA Convention Center. In 2021, the media and industry days, AutoMobility LA, will take place on November 17-18 and will include a range of groundbreaking industry announcements and reveals. Doors will open to the public from November 19-28. LA Auto Show is endorsed by the Greater LA New Car Dealer Association and is owned and operated by ANSA Productions. To receive the latest show news and information, follow the LA Auto Show on Twitter, Facebook or Instagram and sign up for alerts at http://www.laautoshow.com/.

About Vingroup
As the largest private conglomerate in Vietnam, Vingroup is doing business in three core sectors: technology, industry, and services. In all sectors it has participated in, Vingroup is always a pioneer that leads market trends and creates world-class products and services of Vietnam. Find out more at: https://www.vingroup.net/en.
About VinFast
VinFast is a member of Vingroup - the leading private multi-industry group in Vietnam. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. The capacity reaches 250,000 cars/year and 500,000 electric scooters/year.
VinFast has announced its first three electric car models - VF e34, VF e35, and VF e36. These models are SUVs in the C, D, and E segments with outstanding advantages such as high-standard products, competitive prices, and excellent after-sales packages, while being smarter and safer than comparable ICE vehicles. In addition, VinFast has been one of the pioneers innovatively initiating the battery rental policy. This policy reduces consumer risks and operation and maintenance expenses while ensuring that the battery cost is similar to the monthly price of gasoline for ICE vehicles with similar capacities. With its Customer-First philosophy, VinFast provides a market-leading 10-year-warranty policy and is always committed to bringing the highest value to its customers.
VinFast continues to actively contribute to the creation of Vietnam's sustainable future through its product ecosystem of electric cars, e-scooters, and smart and environmentally friendly e-buses. With the vision of becoming a smart electric vehicle company that drives the movement of the global smart electric vehicle revolution, as of July 2021, VinFast expanded to the North American and European markets. Two of VinFast's smart electric car models – VF e35 and VF e36, are expected to launch in global markets in early 2022. Find out more at: https://vinfastauto.com/vn_en

VinFast Announces Global Premiere Of Its New EVs At The 2021 Los Angeles Auto Show

/CNW/ -- VinFast, the Vietnam-based automotive manufacturer established in 2017, has announced the global premiere of the company's new EVs at the 2021 Los...

www.newswire.ca

 

[Viva_vietnamm]

VFe34 is positioned in the C-segment SUV segment, in terms of size, it is equivalent to KIA Seltos or Toyota Corolla Cross that are receiving much attention.

On the question why not a sedan? VinFast said that in the future there will be electric sedans, but at this time, the market demand for an urban multi-purpose vehicle is higher, so VinFast wants to focus.

The car can also be charged at home with the home electrical system we are using. VinFast said that with 15 minutes of charging, it will travel a distance of 180km. Vehicle maintenance costs are said to be only about 30% of gasoline cars, but this needs to be discussed in more detail when there is an actual car.

 

[Viva_vietnamm]

A series of smart features are equipped on VinFast VF e34 electric cars

Van Xuyen/BNEWS/VNA 11:49' -

October 15, 2021 BNEWS At the launch event of the first VF e34 smart electric vehicle online on October 15, VinFast introduced many smart features equipped for this model.

VinFast VF e34 is equipped with many modern smart technologies, advanced safety features and a 10-year warranty. Photo: BNEWS/VNA broadcast

1. Virtual assistant ViVi

Accordingly, VinFast VF e34 is equipped with ViVi virtual assistant. This is the first time that a car in Vietnam supports multi-regional Vietnamese voice communication, providing a convenient and easy user experience.

With ViVi, users can issue single commands or continuous voice commands with the ability to quickly improvise, ask and answer naturally, ViVi assistant will support to control all the features in the car with the ability to learn and Remember habits to automatically set up the environment in the car, helping to personalize and create the most comfortable for the user. At the same time, it also supports controlling Smart Home devices.
Users monitor the charging status of VinFast VF e34. Photo: BNEWS/VNA broadcast

With ViVi, users have a new experience with the car, which is not only a means of transport but also an entertainment environment, knowledge gathering, and a friend on the road.

2. Car management by phone (C-app application)

With a smartphone, users can manage information such as vehicle tracking / journey / activity history / driving behavior. Vehicle control: vehicle locator, route planning, search/navigation, battery charging settings options, intrusion monitoring and warning. Smart service: automatic diagnostics and reminders, schedule maintenance, suggest and call emergency call center, remote software update

3. Remote software update

The car owner does not need to go to the dealer or service shop, but just in a place with an Internet connection, the car can automatically update the software.

4. Service Management and Online Shopping Connection

Charger for VinFast VF e34.t car -
Make a service appointment
- Receive notifications and book car after-sales service
- Manage battery rental packages
- Schedule car charging at the charging station
- Online Shopping...

5. Security and safety support
- Call for rescue/emergency automatically in an emergency situation
- Monitoring and warning of unauthorized intrusion
- Diagnosing faults on vehicles
- Suggest maintenance schedule, automatic maintenance
- Warning vehicles crossing when reversing
- Lane departure warning
- Warning traffic flow until opening....

Hàng loạt tính năng thông minh được trang bị trên ô tô điện VinFast VF e34

Tại sự kiện ra mắt xe điện thông minh VF e34 đầu tiên dưới hình thức trực tuyến ngày 15/10, VinFast đã giới thiệu nhiều tính năng thông minh được trang bị cho mẫu xe này.

bnews.vn

 

[Indos]

A series of smart features are equipped on VinFast VF e34 electric cars

Van Xuyen/BNEWS/VNA 11:49' -

October 15, 2021 BNEWS At the launch event of the first VF e34 smart electric vehicle online on October 15, VinFast introduced many smart features equipped for this model.

VinFast VF e34 is equipped with many modern smart technologies, advanced safety features and a 10-year warranty. Photo: BNEWS/VNA broadcast

1. Virtual assistant ViVi

Accordingly, VinFast VF e34 is equipped with ViVi virtual assistant. This is the first time that a car in Vietnam supports multi-regional Vietnamese voice communication, providing a convenient and easy user experience.

With ViVi, users can issue single commands or continuous voice commands with the ability to quickly improvise, ask and answer naturally, ViVi assistant will support to control all the features in the car with the ability to learn and Remember habits to automatically set up the environment in the car, helping to personalize and create the most comfortable for the user. At the same time, it also supports controlling Smart Home devices.
Users monitor the charging status of VinFast VF e34. Photo: BNEWS/VNA broadcast

With ViVi, users have a new experience with the car, which is not only a means of transport but also an entertainment environment, knowledge gathering, and a friend on the road.

2. Car management by phone (C-app application)

With a smartphone, users can manage information such as vehicle tracking / journey / activity history / driving behavior. Vehicle control: vehicle locator, route planning, search/navigation, battery charging settings options, intrusion monitoring and warning. Smart service: automatic diagnostics and reminders, schedule maintenance, suggest and call emergency call center, remote software update

3. Remote software update

The car owner does not need to go to the dealer or service shop, but just in a place with an Internet connection, the car can automatically update the software.

4. Service Management and Online Shopping Connection

Charger for VinFast VF e34.t car -
Make a service appointment
- Receive notifications and book car after-sales service
- Manage battery rental packages
- Schedule car charging at the charging station
- Online Shopping...

5. Security and safety support
- Call for rescue/emergency automatically in an emergency situation
- Monitoring and warning of unauthorized intrusion
- Diagnosing faults on vehicles
- Suggest maintenance schedule, automatic maintenance
- Warning vehicles crossing when reversing
- Lane departure warning
- Warning traffic flow until opening....

Hàng loạt tính năng thông minh được trang bị trên ô tô điện VinFast VF e34

Tại sự kiện ra mắt xe điện thông minh VF e34 đầu tiên dưới hình thức trực tuyến ngày 15/10, VinFast đã giới thiệu nhiều tính năng thông minh được trang bị cho mẫu xe này.

bnews.vn

Look like Vinfast will build its battery factory in Indonesia.

 

[Viva_vietnamm]

Look like Vinfast will build its battery factory in Indonesia.

Yes, I hope ID will become an important market for Vinfast in teh future, so , building its battery factory in ID is the best choice , too.

Temporary, Vinfast will build its battery factory in VN first.

-------------------------------
Adopt LFP . battery technology

In the latest announcement, VinFast said that it will cooperate with Gotion High-Tech to develop LFP batteries, and at the same time research and build a Giga factory right in Vietnam to establish a clean energy ecosystem, contributing to the domestic supply diversification.

Charge car battery almost fully in 4-5 minutes

Regarding super-fast rechargeable batteries, VinFast is collaborating with Israel's StoreDot - a world-renowned company that owns the technology to charge up to 80% of the battery in 4-5 minutes, thanks to the use of nanoparticles instead of graphite.

This is a very advanced technology, even many famous electric car companies in the world do not own it. Previously, the company was at the forefront of the world's energy industry and demonstrated its super-fast-charging battery technology on phones, drones and electric motorcycles.


VinFast's high-end car models like e36 are capable of fast charging from 4-5 minutes

In addition, Vingroup also established VinES Energy Solutions Joint Stock Company to develop solutions and produce energy batteries for electric vehicles. At the same time, VinFast also plans to build battery and charger factories in the US and Europe to serve its international expansion strategy in the future.

Previously, VinFast signed a memorandum of strategic cooperation with Taiwan's Prologium (PLG) to produce 100% solid-state batteries. This will make VinFast one of the few electric car companies in the world capable of owning the most advanced batteries today. With strategic diversification, the Vietnamese automaker can own many electric car models from popular to high-end.

Xe điện VinFast 'tham vọng' sạc gần đầy pin trong 4-5 phút

VinFast đang thực hiện nhiều chiến lược bắt tay với các hãng pin ô tô điện hàng đầu thế giới , trong đó có những công nghệ sạc gần đầy pin trong 4-5 phút .

thanhnien.vn

 

[Indos]

Yes, I hope ID will become an important market for Vinfast in teh future, so , building its battery factory in ID is the best choice , too.

Temporary, Vinfast will build its battery factory in VN first.

-------------------------------
Adopt LFP . battery technology

In the latest announcement, VinFast said that it will cooperate with Gotion High-Tech to develop LFP batteries, and at the same time research and build a Giga factory right in Vietnam to establish a clean energy ecosystem, contributing to the domestic supply diversification.

Charge car battery almost fully in 4-5 minutes

Regarding super-fast rechargeable batteries, VinFast is collaborating with Israel's StoreDot - a world-renowned company that owns the technology to charge up to 80% of the battery in 4-5 minutes, thanks to the use of nanoparticles instead of graphite.

This is a very advanced technology, even many famous electric car companies in the world do not own it. Previously, the company was at the forefront of the world's energy industry and demonstrated its super-fast-charging battery technology on phones, drones and electric motorcycles.


VinFast's high-end car models like e36 are capable of fast charging from 4-5 minutes

In addition, Vingroup also established VinES Energy Solutions Joint Stock Company to develop solutions and produce energy batteries for electric vehicles. At the same time, VinFast also plans to build battery and charger factories in the US and Europe to serve its international expansion strategy in the future.

Previously, VinFast signed a memorandum of strategic cooperation with Taiwan's Prologium (PLG) to produce 100% solid-state batteries. This will make VinFast one of the few electric car companies in the world capable of owning the most advanced batteries today. With strategic diversification, the Vietnamese automaker can own many electric car models from popular to high-end.

Xe điện VinFast 'tham vọng' sạc gần đầy pin trong 4-5 phút

VinFast đang thực hiện nhiều chiến lược bắt tay với các hãng pin ô tô điện hàng đầu thế giới , trong đó có những công nghệ sạc gần đầy pin trong 4-5 phút .

thanhnien.vn

I am just speculating from the information from Indonesia Investment Ministry that there is one car manufacturing company from SEA wanting to invest in Indonesia to build battery factory for EV, we only has Malaysia and Vietnam which has big car makers

 

[Viva_vietnamm]

I am just speculating from the information from Indonesia Investment Ministry that there is one car manufacturing company from SEA wanting to invest in Indonesia to build battery factory for EV, we only has Malaysia and Vietnam which has big car makers

We all know that Vinfast also wanna enter ID's market and ID's Nickel is a critical part of electric-vehicle batteries. I also really hope VInfast soon will build a batterry factory in ID, bro

-----------------------

VinFast ready to enter Indonesia – Vietnam carmaker focuses on premium and EVs; won’t fight with Toyota​

In Cars, International News, VinFast / By Danny Tan / 3 September 2021 4:45 pm / 12 comments


VinFast, which has global aspirations and is looking to penetrate the West, will be setting up shop in Indonesia soon. Detik reports that the Vietnam carmaker has trademarked its intellectual property in the republic and the range includes a sedan and two SUVs.
According to Yannes Martinus Pasaribu, an academician and auto industry observer from Institut Teknologi Bandung, VinFast is not likely to go head to head with the Japanese marques that dominate the Indonesian market – think Toyota and Daihatsu.
Instead, the newcomer’s strategy is to introduce EVs in Indonesia, he says, pointing out that the Vietnamese company started from e-scooters and now makes electric cars and buses. VinFast also has a collaboration with Austria’s Kreisel Electric to develop battery packs, he adds.
“Also notable is that Vietnam has nickel, cobalt and other minerals needed to make batteries, the main component of EVs. They’ve developed an end-to-end ecosystem with the strategy of using the best and most reliable tech. Besides large scale production of EVs, Vietnam is also developing charging stations and battery factories,” Yannes said.

The VF e35 electric SUV, formerly known as the VF32, is bound for North America and Europe
The analyst further points out that as part of Vingroup, Vietnam’s largest conglomerate, funding is not an issue for VinFast, and the young company is not bound by legacy tech, such as the Japanese carmakers in Indonesia. This allows it to be more agile and flexible in following global EV trends.

There are three models in the VinFast trademark documents, and they appear to be the Lux SA 2.0, the Lux A 2.0 and an EV that looks similar to the VinFast e35. The Lux SA is a big SUV based on the previous generation F15 BMW X5, while the Lux A is a Pininfarina reskinned F10 BMW 5 Series. Both were unveiled at the 2018 Paris Motor Show. The VF e35, formerly known as the VF32, is a big electric SUV that has been earmarked for North America and Europe next year. It’s set to debut next month in Vietnam.

We’ve covered VinFast a fair bit, including this in-depth feature story on who’s behind the carmaker, and how it all started. Also click on these links for further reading on VinFast’s global aspirations, its EV battery strategy, and a potential US initial public offering (IPO) that could value the company at US$50 billion (RM207 billion).

Vinfast VF32 3 - Paul Tan's Automotive News

paultan.org

 

[Nilgiri]

Vinfast has really expanded fast. I remember when it was still fairly new and we discuss on PDF about where it will go.

Great to see.

 

[Viva_vietnamm]

Vinfast has really expanded fast. I remember when it was still fairly new and we discuss on PDF about where it will go.

Great to see.

Seem like VInfast know how to make good cars, at least in VN's market now

--------------

Best-selling car brand in September: VinFast leads the whole market, Hyundai follows closely​

Minh Duc - 11:38 October 14, 2021 (VNF) - ​

Vietnam's automobile market in September 2021 has recovered sales after a period of strict isolation in many localities across the country. The sales report of each brand has been released, in which, the Vietnamese car brand continues to hold the No. 1 position in the list of 10 brands with the most car sales​

VinFast Lux SA2.0 sells impressively again. Photo Quang Min

According to a report by VinFast Trading and Service Company Limited, its sales have grown again with 3,497 vehicles sold in the past month, up 51.4% compared to August.


VinFast F
VinFast Fadil is the best-selling car model on the market today

Specifically, 2,565 Fadil cars, 486 Lux A2.0 cars and 446 Lux SA2.0 cars were handed over to customers by VinFast. Accumulated to the end of September 2021, VinFast sold a total of 25,527 cars, including 17,668 Fadil cars, 4,771 Lux A2.0 cars and 3,088 Lux SA2.0 cars.

With the above impressive business results, VinFast continues to hold the No. 1 position in the list of 10 brands with the most car sales in September 2021.
Hyundai Accent continues to lead in the B-segment car group

Thương hiệu xe bán chạy nhất tháng 9: VinFast dẫn đầu toàn thị trường, Hyundai bám sát

(VNF) - Thị trường ô tô Việt Nam trong tháng 9/2021 đã phục hồi doanh số sau giai đoạn giãn cách nghiêm ngặt tại nhiều địa phương trên toàn quốc. Báo cáo doanh số bán hàng của từng hãng đã được đưa ra, trong đó, thương hiệu xe Việt Nam tiếp tục nắm giữ ngôi vị số 1 trong danh sách 10 thương hiệu...

vietnamfinance.vn

 

[Viva_vietnamm]

What Vietnam has learned from Korea's 'U-turn Act' law: Only 6 years can bring a series of "big guys" in the electronics, automobile, jewelry industries... to the country.
October 18, 2021 - 15:14 PM

The disruption to the global supply chain caused by the Covid-19 pandemic has spurred the trend of shifting manufacturing out of China. Other countries in Asia are considered to benefit from this trend, especially Korea and Vietnam.

The Project Syndicate newspaper emphasized, Vietnam and Korea need to focus on promoting the process of shifting and reshoring (known as "returning", or moving production back to the original country of enterprises). Covid-19 has highlighted numerous "weaknesses" of cross-border value chains. Once the "backbone" of the globalization process, value chains are now labeled as "interruptible". Accordingly, value chains are being restructured to meet the economic recovery process.

At the same time, China's role in the global economy is gradually changing. Many businesses from different countries and industries have chosen to leave China. For example, US soybean producer Hasbro closed its factory in China to focus on production in Vietnam, Japanese electronics giant Sony has moved operations to Thailand, and South Korea's Cotton Club. have moved to the Philippines, Cambodia and Indonesia.

Even Chinese companies are leaving the country for cheaper production locations. Wages in China are more than double that of Vietnam, almost 70% in South Korea.

Besides, the shortage of labor also makes it difficult to reduce production costs. What Vietnam has learned from the U-turn Act of Korea: Only 6 years can bring a series of giants in the electronics, automobile, jewelry industries... - Photo 1. What Vietnam has learned from Korea's U-turn Act: Only 6 years can bring a series of giants in the electronics, automobile, jewelry industries... - Photo 2. Moreover, fierce competition in the Chinese market from domestic manufacturers has made the country "less attractive" in the eyes of investors. A decade ago, Samsung held a 20% market share in the Chinese market.

But so far, its market share is less than 0.5%. In this context, Samsung has decided to move the entire production line of consumer goods out of China. Currently, the technology giant only maintains 3 factories in China, aiming to produce intermediate parts such as semiconductor chips, batteries for electric cars and MLCC capacitors to help stabilize the current in circuit boards. One of the countries that is active in encouraging businesses to return home is Korea. Over the past decade, the Korean government has enacted a number of policies, including tax benefits, subsidies and land rebates, to encourage reshoring. In 2019, the country further revised the "U-turn act" focusing on industries, especially information businesses. These policies, combined with many external factors, have contributed to a steady increase in the number of Korean businesses reshoring, from nine in 2018 to 16 in 2019, and 21 in 2020. Reshoring businesses are in a variety of industries, from electronics and jewelry to automobiles, and most of them are repatriated from China. What Vietnam has learned from Korea's U-turn Act: Only 6 years can bring a series of giants in the electronics, automobile, jewelry industries... -

Many enterprises find it a reasonable choice to close old production lines in China and build "smart factories" in their own countries. For example, Korean garment company G&G has built a new, fully automated smart factory in Southwestern Korea, helping businesses to be more competitive in price, as well as more flexible in product diversity. , even in a labor-intensive sector. For businesses facing these digital transformation challenges, the Korean government has established a special public-private partnership program to help businesses access and build factories. smart. What does Vietnam learn from the U-turn Act of Korea:

Korea Institute of Industrial Economics and Trade Increasing digitalization is also an effective way to deal with the challenge of supply chain disruption. For example, Hyundai Motors previously outsourced all electrical wiring production to suppliers in China. However, Covid-19 forced the company to close the production line of this product. Since then, Hyundai has transferred the production process thanks to Korea's digital transformation program.

Project Syndicate concludes, China's "loss" is the "gain" of many Southeast Asian countries. Thanks to the process of shifting and reshoring, in 2019, ASEAN member countries recorded the highest FDI inflows into new investment ever.

Việt Nam học được gì từ luật 'U-turn Act' của Hàn Quốc: Chỉ 6 năm có thể kéo loạt 'ông lớn' các ngành điện tử, ô tô, trang sức... về nước

Sự gián đoạn chuỗi cung ứng toàn cầu do đại dịch Covid-19 gây ra đã thúc đẩy xu hướng chuyển dịch ngành sản xuất ra khỏi Trung Quốc. Các quốc gia khác ở châu Á được đánh giá là hưởng lợi từ xu hướng này, đặc biệt là Hàn Quốc và Việt Nam.

cafef.vn

 

[Viva_vietnamm]

Turkey’s Hayat Group unveils second phase of US$250 million factory in Binh Phuoc
Wednesday, 11:41, 20/10/2021

VOV.VN - Hayat Group of Turkey’s has officially announced the second phase of an investment package worth US$250 million in a Vietnamese factory, to expand distribution of fast-moving consumer goods (FMCG) products both nationwide and across the region.​

Hayat factory in the southern province of Binh Phuoc (Photo: Hayat Vietnam)
The Turkish group announced late last year that it is to inject US$250 million to develop a factory in Becamex-Binh Phuoc industrial and urban complex.
During an online press conference held on October 19, Cetin Murat, general director of Hayat Vietnam, said the group has now completed the first phase of the project, by setting up Hayat Vietnam Company with an investment capital of US$100 million that can generate more than 500 jobs.
Murat expressed his hope that the project will receive further support from southern Binh Phuoc province to expand the site in the second phase, in which Hayat is set to launch the world's fifth largest baby diaper brand named Molfix in the Vietnamese market.
The Hayat factory in Vietnam is set to provide FMCG products to other potential markets throughout ASEAN, such as Cambodia, the Philippines, Laos, and Indonesia. Indeed, the total export value of Hayat Vietnam is estimated to be US$50 million per year.
According to Hayat, the Vietnamese factory is anticipated to take on the role of a production hub for Southeast Asia, with approximately 40% of its output being exported to overseas markets such as Thailand and Malaysia.

Turkey’s Hayat Group unveils second phase of US$250 million factory in Binh Phuoc

VOV.VN - Hayat Group of Turkey’s has officially announced the second phase of an investment package worth US$250 million in a Vietnamese factory, to expand distribution of fast-moving consumer goods (FMCG) products both nationwide and across the region.

english.vov.vn

 

[Viva_vietnamm]

Many FDI enterprises such as Foxconn, Intel, Apple want to expand production in Vietnam

15:54 | October 21, 2021

Contrary to many opinions that some FDI enterprises want to move their production chains out of Vietnam, the Minister of Foreign Affairs affirmed that there are no big corporations moving their supply chains out of Vietnam, even Foxconn, Apple , Intel, etc. are looking to expand production further. On October 21, continuing the program of the second session of the 15th National Assembly, National Assembly deputies discussed at the group about the implementation of the socio-economic development plan and the prevention and control of the COVID-19 epidemic. 19.

Speaking at the group, Minister of Foreign Affairs, Mr. Bui Thanh Son, said that in the past time, it was suggested that some enterprises moved their production chains out of Vietnam. However, he affirmed, there is no withdrawal of FDI enterprises from Vietnam.

"We have discussed with a number of corporations such as Adidas, Apple ... they said that Vietnam has been closed for a relatively long time, so some orders could not be met. So they had to move a new one. Although the number of orders has gone, the production base in Vietnam is recovering and continues to expand," VTV quoted the head of the Ministry of Foreign Affairs. Mr. Bui Thanh Son also said that Foxconn, Apple, Intel... are looking to expand production further. Because they see the great potential of Vietnam, especially the free trade agreements that Vietnam signed with other countries.

Discussing socio-economic solutions, Minister Bui Thanh Son emphasized the importance of the overall program on economic recovery. It must approach both supply and demand directions of the economy. “The experience of other countries shows that it is necessary to have fiscal measures to stimulate aggregate demand. This is very important because after the 4th wave of COVID-19 epidemic, people's life is very difficult, causing aggregate demand to decrease. In addition, stimulating aggregate supply is also very important, when the production chain breakdown has taken place," said Mr. Son. Mr. Son also emphasized the importance of restoring the labor market when many people have moved to their hometowns. In fact, there are still many FDI enterprises pouring hundreds of millions of dollars to expand production in Vietnam.

At the seminar "COVID-19 and FDI: Impact and Prospects" on September 27, General Director of Samsung Vietnam complex Choi Joo Ho shared that Samsung is building an R&D center in Hanoi with an investment scale of up to up to USD 220 million, in order to improve research and development capacity in the medium and long term. Currently, the R&D Center has completed over 50% progress and is expected to be inaugurated by the end of 2022. Meanwhile, Nestlé Vietnam also has a new investment of more than 130 million USD or Tetra Pak spends 5 million euros to upgrade the paper box factory in Binh Duong. The new investment will help Tetra Pak's 120 million euro paper box factory in Binh Duong increase production from the current 11.5 billion boxes to 16.5 billion boxes per year. Thereby, businesses can meet the increasing demand for sterilized paper boxes in the country and the region.

Nhiều doanh nghiệp FDI như Foxconn, Intel, Apple muốn mở rộng sản xuất tại Việt Nam

Trái với nhiều ý kiến cho rằng một số doanh nghiệp FDI muốn chuyển chuỗi sản xuất ra khỏi ra Việt Nam, Bộ trưởng Ngoại giao khẳng định không có việc các tập đoàn lớn di chuyển chuỗi cung ứng khỏi Việt Nam, thậm chí Foxconn, Apple, Intel,… đang muốn mở rộng sản xuất tiếp.

vietnambiz.vn

 

[Viva_vietnamm]

India supports the project to build a school in Sapa

According to information from the Indian Embassy in Vietnam, the Government of India will support 50,000 USD non-refundable for the project to facilitate education for more than 100 children in Sa Pa (Lao Cai).​

Lễ ký Biên bản ghi nhớ giữa Đại sứ quán Ấn Độ và chính quyền tỉnh về Dự án xây dựng phòng học cho Trường Mầm non Trung Chải, Sa Pa. (Ảnh: ĐSQ Ấn Độ cung cấp)
Signing ceremony of Memorandum of Understanding between the Embassy of India and the provincial government on the project of building classrooms for Trung Chai Kindergarten, Sa Pa. (Photo: provided by the Indian Embassy)

During the recent visit to Lao Cai province, Indian Ambassador to Vietnam Pranay Verma and Chairman of Lao Cai Provincial People's Committee Trinh Xuan Truong witnessed the signing ceremony of a Memorandum of Understanding between the Indian Embassy and the provincial government on the project. Classroom construction project for Trung Chai Kindergarten, Sa Pa.

The project belongs to the Government of India's Rapid Impact project program, creating educational conditions for more than 100 Sa Pa children and has a total investment of nearly 100,000 USD. In particular, the Government of India will support non-refundable $ 50,000. At the MOU signing ceremony, Ambassador Pranay Verma expressed that the practical and fast handover of infrastructure through Rapid Impact projects has brought direct benefits to local communities. and contribute to Vietnam's efforts towards the Sustainable Development Goals.

Đại sứ Ấn Độ và đoàn công tác thăm Trường mầm non Trung Chải (Ảnh: ĐSQ Ấn Độ cung cấp)
During the visit, Ambassador Pranay Verma met Mr. Dang Xuan Phong, Secretary of the Lao Cai Provincial Party Committee and Mr. Trinh Xuan Truong, Chairman of the Provincial People's Committee to discuss potential areas of cooperation between India and Lao Cai province.

Ambassador Pranay Verma acknowledged that cooperation with provinces is one of the important pillars of the India-Vietnam Comprehensive Strategic Partnership and said he looks forward to being more closely associated with Lao Cai as a part of the Embassy's outreach to provinces. Ambassador Pranay Verma emphasized the potential for cooperation in trade, economy and development as well as the link between people through tourism and cultural exchanges.

The Ambassador also suggested cooperation with Lao Cai province in capacity building programs, including in the field of Information and Communication Technology. At the meetings, the leaders of Lao Cai province briefly introduced potential opportunities for cooperation with India based on Lao Cai's socio-economic development priorities in infrastructure development, agriculture. industry, processing, mining, tourism, smart city and socio-cultural development. Leaders of Lao Cai province also invited Indian investors to Lao Cai province to cooperate in this and other fields..

Ấn Độ hỗ trợ dự án xây trường học tại Sa Pa

Theo tin từ Đại sứ quán Ấn Độ tại Việt Nam, Chính phủ Ấn Độ sẽ hỗ trợ không hoàn lại 50.000 USD cho dự án xây trường học cho Trường Mầm non Trung Chải.

baodantoc.vn

 

[schuimpjes]

Many FDI enterprises such as Foxconn

Just want to show of too lol, can I?. Foxconn also want to invest in Indonesia, but not in smartphone industry chain. Foxconn already here before tho, more specifically in strategic Batam area. But next Foxconn investment here is for EV Industry.

Taiwan's Foxconn, Gogoro Seek Entry Into Indonesia's EV Industry

The company has had Indonesia's investment minister's guarantee to expedite the companies permit process.

jakartaglobe.id

Btw, Pew Research Center in 2015 was put the populations of Vietnam are the most supportive of free market economy with the number of 95% of the respondence, do you have any words?. And also, I hope all goodness for Vietnam.

Back to that Foxconn EV industry, I don't know how that works, but based on that article it was written that they gonna make Gogoro scooter. Hope they will also make Apple Car lol.

Edit : I'm sorry, not in 2015 but 2014

Support for Free Market System

www.pewresearch.org