What car companies are Vietnamese?
Market share of leading automobile manufacturers in Vietnam in 2020
|Mitsubishi Vietnam (Vinastar)||10.2%|
Why are there no cars in Vietnam?
Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements.
How much does it cost to buy a car in Vietnam?
In the U.S., a BMW 760Li fetches $140,000 while the average cost of buying the vehicle in Vietnam is $318,000, according to Sai Gon Giai Phong.
Is VinFast a public company?
Vingroup itself is publicly-traded on the Ho Chi Minh stock exchange. MarketWatch reports that Vingroup JSC has a market capitalization of 478 trillion Vietnamese dong, which equates to about $21 billion US dollars.