Vietnam’s Richest Man Wants to Sell EVs to America

[@aleonyohan6745]

I worked with Vietnamese people in my factory for 20 years. They are such a friendly and funny people. I am so happy to see their success.

[@OanhQuan-fi4js]

Thanks bạn

[@phucbi5253]

Thank you. Where are you from?

[@aleonyohan6745]

@@phucbi5253 michigan, USA.

[@sonnynguyen5917]

No matter what. I like this guy’s aspiration. He has the ambitious spirit of a Vietnamese. He’ll no doubt face hardship but I believe in him. Words to the CEO of Vin Group, help and lift Vietnam out of poverty. We Vietnamese deserve this. We shed so much suffering and blood throughout our history already. Be the hero to your people, make Vietnam proud, and do the right thing!

[@kimthoatran9351]

❤❤❤

[@SSGoatanks]

Is VinFast going to manufacture E-Bikes, E-Scooters, and Electric Motorcycles in Vietnam? He shouldn't go all in on the US and try to compete with Tesla. It might be better to sell in rising economies like India or China 💰

[@T.Nguyen1975]

Vinphet cars are designed and manufactured in China by Shanghai Lauch Design and Jingchaoli from A-Z and then brought to Vietnam to be assembled in Completely Knocked Down (CKD) form - like you buy a toy car and reassemble it.

[@JHaviland1]

@@T.Nguyen1975 SHAME on YOU for spreading such lies. Prove what you said with links to articles from reputable sources or kneel down and apologize!

[@MạnhTuấn0812]

Nó sang mỹ phông bạt để úp bô đồng bào việt nam mua cổ phiếu thôi, cổ phiếu vinfat cao hơn cả bmw, mec, tesla… đủ thấy sự ngu dốt thế nào, xấu hổ

[@saswatbharat1107]

I am from Vietnam too. I worked with Vietnam - Chief Engineer - Tatavoosian Van at Eaton company and changed the world in Avionics Display at Eaton for China, USA, Canada and Brazil and France country projects. The way we devloped Avionics panels from prototypes to pilot plants to produce QUAL units is appreciable. Vietnam leaders are also talented. I am American, vietnam and Indian.

[@OanhQuan-fi4js]

Thanks

[@mahi7462]

Love from India 🇮🇳 to Vietnam

[@AlanNg.]

Much love to Indians, Vietnamese friends. Thank you for supporting our country in the past!

[@YPR4022]

We Indians used to comments in social media unlike developing ourselves like China , Vietnam…….but in reality our Indians are Useless fellows….do nothing

[@OanhQuan-fi4js]

Thanks

[@phucbi5253]

Chúng tôi rất yêu quý người Ấn Độ. Chúng ta mãi mãi anh em bạn bè.

[@amorsemlimite4427]

Go for the glorious Vietnam 🇻🇳 💪from 🇹🇱

[@thanhthuyang9697]

❤❤❤❤❤❤

[@OanhQuan-fi4js]

Thanks

[@uyenhoang6847]

He's my role model and inspires me as well as the young generation in Vietnam to keep working and making big dreams

[@LongNguyen-oy7lc]

nhờ ông Vượng mà du lịch Việt Nam cũng phát triển vượt bậc và nhiều thứ khác nữa

[@ecoideazventures6417]

@4:27 - "You can have Vietnamese born in Vingroup hospitals, they can go to a Vinschool and eventually come out of a Vin university as well. They can live in Vinhomes and shop in Vinsmart as well!" Wow, what a wonderful range of choice Vietnamese have!

[@Dayvit78]

Especially since they essentially force the Vinschool teachers to buy Vinfast scooters, etc. Not just company town, but company lifestyle.

[@KitoAkari1612]

Currently that's not really the case. In order for a kid to have such a life, their parents must be very rich. Most people still prefer public schools.

[@hweetrinh3974]

I'm from Vietnam. It's actually pretty difficult for the ordinary to afford services and products provided by Vingroup because of the price. They mainly target upper-middle class and well-off citizen. It's profitable for them though

[@tukhoaikhoai]

Yep! let the "Vingroup Party" takes care of your lives ...from cradle to grave. BTW, I'm not sure if Vingroup has funeral business and burial plots within its conglomerate businesses. That'd be ideal for cradle to grave livelihood provided services to its ....."customer".

[@ongmat4439]

All the vinbots need to back up the fake reviews with an order and pay up, don't just write it from your imagination....you will get deactivated...LOL.

[@shubhanshujain752]

Love to Vietnam 🇻🇳 from India 🇮🇳

[@vikingmaster5098]

Tks

[@nmew6926]

The next success story will be COMMUNIST VIETNAM

[@vikingmaster5098]

@MuMu thanks you

[@AnhDao2412]

Thanks! Love to India from Vietnam!

[@shubhanshujain752]

@@AnhDao2412 I hope to see more Vietnamese tourists in India.

[@heath37]

Forget electric vehicles, bring Banh Mi to the world

[@JWRame]

Yah I was more stoked about that instant noodles business than the cars

[@testing6753]

Bruh there's Lee's Sandwiches lol

[@JWRame]

@@testing6753 have you been to a Lee's sandwiches in London or Sao Paulo? I don't think so

[@tooltalk]

Bahn Mi sounds a lot more interesting than Vinfast. They should consider rebranding themselves.

[@hungpham4615]

@MILITARY lol imagine us ppl eating their pet dogs

[@DucaTech]

I'm very excited and giddy to see a Vietnamese brand going global. Hope for the best and success for VinFast.

[@Kathy-22]

I am excited too

[@rkhorsan99]

there are some global vietnam brands, but maybe you were on different industry. Thats why you never heard of them.

[@503zzach]

No thanks VinFast. I prefer Japanese cars all day and everyday!!

[@DiepDao87]

You usually see "made in Vietnam" on clothes and shoes now you can see that on EV Cars

[@Yuu-jf4nl]

i hope same

[@danielmisgana2672]

It’s crazy how a car costing 40k is casual now (no shame to Vinfast for this). But what worries me is yet another example of a society being ruined by cars. Take this advice Vietnam: don’t build highways. Invest in trains and bike infrastructure.

[@Cris022]

^^^

[@Ice-Black-Coffee]

Thank you for your idea but i think a E-Car will not destroy the enviroment. If do not build highway then how can we develop my country???!!! Bike? We have had driven the bike a long time, we dont want to drive the BIKE anymore!!!

[@tnganthavee100]

YES! Invest in trains, bike infrastructure, health and education... When they invest in these.. They can whip so many of their neighbouring countries...

[@ieataxe]

Trucks still need highways

[@traaotuong6107]

Bad advice from you though. How can a country be developed if it does not build highways. 😂

[@electricaltimelapsetest5713]

I'll buy one . to support vietnam 🇻🇳

[@MạnhTuấn0812]

Sao b ko mua xe trung quốc, xe này nhập bên tq về gắn mác đó

[@gockhac2113]

@@MạnhTuấn0812 You are Chinese and you think everything in this world must be Chinese :)

[@OanhQuan-fi4js]

​@MCarb😂😂😂 Trung Quốc ư? Trung Quốc giá rẻ, sản phẩm rẻ tiền 😂onFiber

[@beautifullife1881]

@@MạnhTuấn0812 cho 3///

[@inaccuracyy]

​@@MạnhTuấn0812 Đi bao giờ chưa phán như đúng r

[@HienNguyen-ni7es]

FACT is Vinfast EV is NOW (July 2024) rolling beautifully on American and Canadian roads. That means Vinfast EV has NOW PASSED ALL the strictest regulations and standards in the US including safety's.

[@HienNguyen-ni7es]

I don't know about the international markets for Vinfast, but in Vietnam, Vinfast products (cars, bikes, etc.) are very, very popular and trustworthy. At least, Vinfast has a very solid base in its home country Vietnam.

[@DrPV]

Remember... You have to pay a subscription for the battery AFTER you buy the car.

[@inhhung7133]

Evreryone knew it 😂

[@toasteddingus6925]

I'm down to buy a Vinfast if it's proven to be reliable, safe, and comfortable. I really could care less about the brand but real world use reliability and cost are really the biggest factors

[@ongmat4439]

It's a business that has been propped up with the ill-gotten gain from land grabs through political connection and corruption. They have virtually no car tech and no reputation in the auto market, they are only at the assembling level. Over the last 10 years, all the tech-related businesses they ventured into have all failed and that includes the petrol car business. Now they attempt to ride the EV sentiment by jumping on the EV wagon. However, their approach is pretty much the same as they did to their petrol car business. This will end in tears again.

[@minh5309]

@@ongmat4439 bạn còn việc gì để làm nữa không, thật xấu hổ.

[@rawmetal3052]

@@minh5309 bọn nó được trả tiền để chửi bới và chống phá VN mà

[@ongmat4439]

@@minh5309 , You need to grow up. There is no place for being delusional in the car market and the reality.

[@carrotblog1746]

@@ongmat4439 the fact that they hold too many power to our media industry stop them from getting real feedback and escape from their own illusion

[@lentieng8165]

Just wait for the crash test to come out and decide. Version 2.0 makes more sense to me. First version from an unknown manufacturer is always risky.

[@ongmat4439]

Don't hold your breath on that. Look at their petrol cars, they closed down even before the promised five-year warranty run out for the cars they first assembled. For me, I'd buy my car from a proven car company or at least a company with auto tech. I don't want any hassles from car. Cars assembled by a company like Vinfast / vingroup, no auto tech and no reputation on the car market, I would avoid at all cost.

[@coldheaven2584]

@@ongmat4439 how so many people still believe in what this company said is beyond me, their reputation should be down the drain by now with how anti-consumer they are

[@emmanuelwekesa976]

this is a typical example of self belief and risk taking in business.

[@TinNongTheGioi-ex9es]

WHO CARE...THE WINNER TAKE IT ALL..THAT IS VIETNAMESE WAY..DONT YOU KNOW THAT..

[@卢军宏台长心灵法-u3d]

Respect comes from the bottom of our hearts. We should be approachable.

[@miennam2296]

Are you Chinese ?

[@ongmat4439]

No respect for land grabbers and corruption.

[@dumy3610]

@@ongmat4439 no respect for VC from Cambodia and your neighbors. Corruption is VC policy

[@minhquan5005]

@@dumy3610 You're a very ignorant and ungrateful Cambodian :(

[@Crabman_87]

I hope Bloomberg follows this up with a Quicktake on the Vietnamese power network and where it's going in the future to match this EV uptake.

[@coldheaven2584]

it doesn't

[@Alexandre-vj5yq]

Vietnam’s elite = fraud, racketeering and money laundering. All Communist Party officials are tremendously wealthy.

[@panafricangriot]

Come to Canada, I would buy this in a heartbeat. Car companies are selling evs at 2ice the price of the ice versions. There's no way the battery alone costs the same as the entire ice version. They just want to sell ice cars and are not really interested in pushing the ev revolution

[@coldheaven2584]

ah yes the tesla model, sell car first for instant profits then batteries for long-term profits

[@Kpop_stole_foids_fromcurrycell]

go b to af, b monk

[@HungLe-kj3th]

They did. Search for Canada vinfast.

[@vble2337]

If one company in Vietnam holds so much power the WEF has no problem controlling them because they will have done most of the work for them. It’s easier to control a couple of big corporations than thousands of smaller corporations.

[@culturecanvas777]

Hopefully WEF will have collapsed soon enough.

[@khai96x]

meh, Vingroup is mere 5% of GDP.

[@Cordycep1]

A few years ago, data shows Samsung control like 30% of VN export.

[@carrotblog1746]

@@khai96x around 1-2% :)), not that significant

[@tooltalk]

@@Cordycep1 : Absolutely. Only 7-8 years ago, Vietnam was largely agrarian and low-tech textile manufacturing nation and the South Korean company literally transformed the country to a electronics export powerhouse, as the company started moving out of China to avoid the "China-Risk." As much as half of all Samsung phones are now made in Vietnam and 0% in China --- Apple smartphones are still 95% made-in-China. Samsung's manufacturing accounts for some 30% of Vietnam's overall export and a significant contributor to Vietnam's growth.

[@NguyenPhuMan00]

I own a Vinfast Klara S which is an electric scooter. The build quality is definitely top notch: the finish is very nice, fitment is among the best, and the parts used are from reputable companies. If their electric cars have the same build quality then they will be succesful because their strategy is sound.

[@KamleshMallick]

Wonderful to see you are using an electric scooter made in Vietnam. How are you charging it in apartments? I use an electric scooter made in India too. 🇻🇳 🤝 🇮🇳

[@NguyenPhuMan00]

@@KamleshMallick I charge where I park in the building. The charger is small and stored under the seat and plugs into the wall regular outlet.

[@vunguyentr5561]

Why man, you can just do fine with gasoline bike, the environmental saving is totally a lie, vinfast bike look like joke on the street though electric car haveclass and luxury with it

[@brucetrx]

@@vunguyentr5561 I gotta say Vn is indeed in dire of more electric scooters as long as the grid supports it. The noise pollution in VN is insane.

[@rundle888]

All Vietnamese communist propaganada stuff, even Vienamese people do not trust Vinfast product and service!.

[@Cousin-Barnabus]

He should sell them to Pakistan. Toyota, Honda and Suzuki dominate Pakistan's car market. KIA, MG and Hyundai have also made inroads recently but the 3 Japanese car giants dominate. There is a huge market gap for other car manufacturers to fill. I wish this company all the very best.

[@divyanshugoyal9818]

Create ur own companies just like vietnam did. Don't rely on others and don't wait for them to enter the market.

[@rajat.2]

@@divyanshugoyal9818 there is no capital available in Pakistan. They need market reforms and political stability for businesses to thrive

[@雅君墨客-i9z]

MG IS China brand 😂

[@mashitta5969]

I hope Korean Hyundai and Kia would surpass japanese.

[@traveljacknguyen2915]

Pakistan is not a potential market i think.

[@phongphan2443]

Vinfast cars are designed and manufactured in China by Shanghai Lauch Design and Jingchaoli from A-Z and then brought to Vietnam to be assembled in Completely Knocked Down (CKD) form - like you buy a toy car and reassemble it.

[@roe2012]

More ev is more better, so the price and feature offered for society would bring more value for society itself

[@Jonathon1031]

It’s a dangerous investment if you’re a stockholder, but these are the ones that make money

[@ETS186]

If VinGroup makes electronics and make-ups, they'll be the Samsung of Vietnam 😂

[@mashitta5969]

Samsung contributes a lot to the Vietnamese economy and gdp.

[@truongngo4786]

@@mashitta5969 samsung Vn export about 60B while VN GDP is about 400

[@jkijljbnj7165]

The company made a fortune in real estate by being given preferential treatment to acquire poor people's land for as little as $1/m2. That's why the company was able to start the automotive business. In addition, this car is currently in the red as it is sold, but it continues to receive preferential treatment from the Vietnamese government. In other words, if you buy this car, you are buying stolen property from a gangster who robbed poor Vietnamese people of their property.

[@jkijljbnj7165]

@quinguyenmelbourne7680 Many leaders like Zimbabwe's Robert Mugabe, Albania's Hoxha, Venezuela's Chavez, and Indonesia's Sukarno, who contributed to independence in their youth, later oppressed their people through authoritarian politics. The fact that they achieved independence decades ago has nothing to do with how they treat their citizens now. It's also true that Vietnamese who were driven out to countries like the U.S., Germany, or France in the past live much more prosperously than those living in Vietnam today. And it's a fact that their governments treat them better than your government treats you. Everyone can guess but doesn't say that the recent terrorist incident in Dak Lak was caused by an ethnic minority who lost their homes and land. That's because if you say it, you have to be investigated by the police. In your country, even if there is an assault happening right in front of you, the police pretend not to know, but they diligently investigate if you say anything bad about the government. It's the same when they accept bribes on the streets, something that police in other developed countries don’t do. The reason why your country appears to be functioning well without any issues is that there isn't enough freedom of the press. For example, if a high-ranking official wrongs you and you didn't capture it on your phone, you'll likely be the one who has to be investigated by the police. Who would believe that such a country treats its citizens fairly? I am a foreigner who has lived in Vietnam for many years, and I've concluded that your country cannot thrive because of people like you who blindly support the government. Let's see what happens to this reckless car company in the future.

[@larrylenard4284]

A friend and I had considered buying the Vinfast SUV, however, we learned that on top of the $40K price, there was a rental fee for the batteries. This is quite a negative, having to finance the car and the batteries.

[@huynhphuquoc6016]

Plz don’t buy, to be honest. You are riding North Korea rocket

[@rundle888]

Vietnamese communists are very arrogant. The communist government of Vietnam propagates to the people that if the Vietnamese communists defeat the US imperialists, they will defeat the US in terms of economy, and high technology!.

[@longqdang7393]

pay $20k to 30K for new battery with tesla and toyota

[@funkykunx2544]

As a Vietnamese, I do see potential in Vượng's products. However, in this competitive environment, he doesn't have much access into the most quality products to make EVs like Tesla, which is really a big barrier for Vinfast in a long term

[@womenfinancialfreedom]

You have an option to buy with batteries or without. $20 thousands or more with the battery.

[@charlech]

Need to get Vin Diesel to do commercials

[@nulnoh219]

Diesel?!

[@davrocket5304]

😆 and driving recklessly like in fast and furious with the vf8

[@trungson6604]

Vin Diesel speeding in a VinFast and VinFurious VF8...can't wait to see that !!!

[@charlech]

Maybe the company can pay him to change last name to Vin Fast, or Vin Electric

[@RK-oc7xp]

This country deserves a space in this industry and others. I wish nothing but the best for all worldwide. Ipo vinfast in usa still slated for 4th qtr 2022!?

[@miennam2296]

IPO ? look at VINFAST balance statement II/2022

[@chohohowuan8994]

and will close in 2023 !

[@ongmat4439]

@@miennam2296, Their Q 3 /2022 is even worse. There is a clear sign of number manipulation when they recorded a gain of more than VND 8,000 billions from "financial transactions", and did not disclose what these financial transactions were. Without this "gain", a net result is a loss of approx. VND 6,000 billions.

[@OanhQuan-fi4js]

Thanks

[@susannayeu4471]

Go Vietnam Go Wishing You Great Success.

[@Thvndar]

Imagine going back in time and walking up to Lyndon Johnson and Richard Nixon "you know that country you're afraid will spread Communism throughout the region? Boy is this video going to shock you"

[@christopherhamlin6139]

Yes, the "dominoes" did fall but not in the direction they were expected to.

[@mililani6037]

Imagine a little further back to Kennedy's time

[@mysterioanonymous3206]

Crazy thing is that Vietnam had asked America for help in its independence struggle after ww2, but the US didn't want to antagonize the French which were busy trying to recapture their former colonies, incl. Vietnam. Yeap. Don't hear much about that do you? If anyone had actually given af about "freedom", things could've gone way different, and we'd all be better off for it. And esp. Vietnam.

[@christopherhamlin6139]

@@mysterioanonymous3206 The REALLY crazy thing is that America DID help Vietnam during WWII. American intelligence officers worked directly with Ho Chi Minh and the Viet Minh to expel the Japanese from Vietnam. The fact that President Truman decided to bow to France after WWII instead of recognizing Vietnam's independence was the first step down the long path of foreign policy blunders that resulted in America's disastrous experience in Vietnam.

[@ongmat4439]

@@christopherhamlin6139 , now VN govt wants to benefit from America in terms of economy. However, politically they are aligned with China. How do you see that contradiction can be reconciled?

[@clarencejulien28]

You doesn't need name recognition for the EV market, it's a new shift in vehicles manufacturing...

[@montanacentralbank2370]

No, this is not going to work. Consider the landscape, the climate and what people used to, just invest in more bike factories, not cars. Does Starbuck works in VN? No, does Macdonald? No. Their own local coffee and banh mi is just so much better already.

[@traaotuong6107]

Vietnamese people haven't owned many cars yet because their income is still low. But the middle class is increasing and the income is improving so the car market actually has many potential in the future. Now in young generation (born 1980s - onwards), they invest a lot in cars.

[@montanacentralbank2370]

Road condition, general spaces, pollution, parking lot, affordable, car financing, a tax structure, emission laws and regulation. There's about a million issues that comes with it, just stick with motor bike.

[@manenwan]

2:55 hey you can't gloss over the fact that Vietnam defeated the invading Chinese forces in a month with reservists because the elite soldiers were in Cambodia

[@kenedyle9774]

Do not listen to what vc say. Because i am vietnamese. I know exactly what they said. I love viet nam. But we can not lie the world.

[@thaihuynh8453]

Move on man …….. you are still living in the past.

[@dumy3610]

Vc lied people died

[@traveljacknguyen2915]

The car brand has just appeared for a short term, of course there is no way it can catch up with “great sharks” in bloody pool at this time. Take a look at the first period of Huyndai and Toyota. Just let the time answers the success of Vinfast.

[@OanhQuan-fi4js]

Bạn là người Mỹ gốc Việt đã thất bại ở cuộc chiến tranh kháng chiến chống Mỹ? Nên tôi hiểu bạn không mong muốn thương hiệu Việt phát triển; mong muốn bạn cứ sống trong quá khứ và hận thù nhé, còn người Việt Nam trong nước tôi không rảnh rỗi để nói chuyện với bạn nữa đâu, chào bạn

[@TT-dp8qh]

Do you know if Tesla stations will charge these vehicles?

[@adamrou12345]

They need to look at Hyundai's success breaking into the north American market. They were a completely unknown company and they broke into the market in 1986 with stunning success by filling a hole in the market. While other automakers were moving up market and ignoring the entry level automobile Hyundai came out swinging for the fence with the excel and well here we are now. The north American market needs an entry level EV. In the 1980s Hyundai was a big company that made a lot of stuff in Korea but no one in this hemisphere had any idea that it existed.

[@YourngchantrearaSao]

What do you mean by entry level automobile?

[@adamrou12345]

@@YourngchantrearaSao being that there is a trillion dollar auto loan debt problem in the United States right now is a great time to enter the market with a simple, low cost, well done piece of automotive engineering much like how Hyundai entered the American market in the 80's

[@carrotblog1746]

@@adamrou12345 their car model’s lowest price is 45k :)) that is no low cost anywhere

[@Ottee2]

If BYD enters US market, you will have an affordable, reliable, no frills EV.

[@miennam2296]

@@carrotblog1746 And battery on lease with monthly payments

[@Anna-zz7sf]

1. Ofcouse Vingroup has a close relationship with the Vietnamese government, that is why they succeed in real estate because the government owns lands. In Vn, there are many "backdoor" companies, owned by politician's families, so these politicians can transfer some state projects to these companies. Pham Nhat Vuong knows this better than anyone. 2. It's true that Vingroup has failed in many other business sectors like smartphones, supermarkets... and real estate is still the most profitable sector to fund other sectors. 3. I've lived in Eastern Europe for few years so I can somehow understand Vietnamese business man success from Eastern Europe. He will not invest all-in in EVs if he doesn't have some strong support, like from the Vietnamese government.

[@antoinebuhler5427]

Absolutely agreed with your opinion.

[@Ajjiam]

My friend visited Saigon last month, he saw only 3 VinFast cars in a week. It is not success in home country and will not success international market

[@hlccn1]

Is it possible that this company went to invest in the US just to defraud the funds from the government of Vietnam and US?

[@OanhQuan-fi4js]

😂😂😂 người Việt có câu,trong chưa rõ mà ngoài đã tỏ,xin hỏi các bạn có hiểu câu này không?😂

[@SonNguyen-by8pl]

And he and Vingroup rightly deserve all these. Look at how beautiful Vinhomes and their extremely A-class services have changed Vietnam.

[@datgal2u]

Best of luck, but selling noodles isn't the same as selling EVs. I do hope you can beat Elon as I'm not a fan, but it's definitely an uphill battle with all the haters in the US whom cannot get over the war or the politics.

[@อนาวินโชคมาก]

I​ a​ree with​ you.

[@silvaroo]

Exciting!! Hay quá 🎉

[@shikamaruthehokage]

This looks like too big of a gamble to handle. The electric market is much more saturated than what it was 5 years ago. As said in the video traditional manufacturers will storm the market in coming years with cheap EVs in next 5 years. And then there's the hydrogen fuel cell technology. What if traction shifts to hydrogen based vehicles instead of EVs by 2030? Huge challenges ahead. Anyway best of luck to them from India.

[@hlccn1]

In future, the leader of manufacturing will be India, not Vietnam.

[@HungLe-kj3th]

Yep, you're right. But isnt that what they want? Play bigger more risky games that could change the country's destiny

[@shikamaruthehokage]

@@hlccn1 Well, at the very least India will produce a lot of products to be used in the local market. For the near future I see low-end electronics, automobiles, electrical appliances, cheap mobile phones produced on a large scale in India. By 2030, finally a few economic clusters would have access to modern expressways(along with dedicated rail freight lines) linked directly to deep-water ports. The current economic growth will churn out more middle-class consumer demand for cheap local production. For the long term, India will obviously dwarf Vietnam as its population is more than 10x bigger. But for short term, lets see how much time India can leapfrog by 2035-40.

[@shikamaruthehokage]

@@HungLe-kj3th I think there are other industries the conglomerate can invest where they will get smaller but sure rewards. There are too many problems with EV manufacturing from lithium mining to offset battery weight(for bigger cars). There is a very real possibility that hydrogen will eat out a lot of EV market share. The automobile business itself is also far too complex to master for a new company unlike traditional players who have mastered it after decades of experience.

[@HungLe-kj3th]

@@shikamaruthehokage yes you are right again. I'm a mechanical engineer graduated from Aus, my major was FEM so I know exactly what you are talking about. But again, we would not win America if we didnt think big. Well we may lose this big EV game, in fact I think the odd to lose is more than 50% because of all what you said, but that is the only way to avoid the middle income trap.

[@chautiendung]

They’ll needs Tesla type engineer to compete. It’s all about technology, baby.

[@mililani6037]

All Four senior executives at Vietnam's VinFast have left and went back to their home countries

[@Dayvit78]

This comment needs to be rated higher. Tesla's advantage is not the EV, but the self-driving capabilities.

[@truongngo4786]

@@mililani6037 Vingroup just want their stocks price increase with news and ambitious projects, they have closed their super market/convenient stores/smart phones/electronics store/combustion engine cars/now what's next =))

[@jacqmehoff211]

Don't get slap on the face by selling this kind of automobile in the US. And it isn't from Vietnam, from China. Vietnam can't even make a motorcycle.

[@imjustaguypassingthrough6260]

boat people be like

[@massengineer7582]

5:25 building on "reclaimed" land next to the water - how is it going to survive sea level rise? 50' above sea level? 9:25 Vin built a factory on a swamp. This approach worked 100-300 years ago, but may not survive the next 10 - 30 years of global heating. Quick profits but long term doomed to failure?

[@carrotblog1746]

:))) what a point of view

[@r3dp1ll]

sorry but you've been brainwashed with this subject. Since 1920, the sea is rising on average by 3mm a year. Some years it actually went down. So 30 years is about 9cm. Likely less.

[@massengineer7582]

@@r3dp1ll "Past performance is no guarantee of future results".

[@thuantv6048]

Vietnam's 🇻🇳🇻🇳💪💪💪

[@robinsuggs2169]

Sounds like a great success story in the making!

[@ongmat4439]

The local news reported that the company currently has a big and overdue amount of tax debt and they could not pay as a result it incurred huge fine.

[@nanaovitan]

@@ongmat4439 ?

[@Johnfong100]

Best wishes to VinFast Group be successful and become the strong country to compare with the World.

[@nanaovitan]

That's nice

[@subhashinihasini4622]

Can me heelp me please sir

[@HannyKidsFuture]

Thank you❤❤

[@OanhQuan-fi4js]

Thanks

[@JoeyBlogs007]

Tesla did it with no marketing, so if Tesla can do, others at least have a chance. All depends on the quality and price of the vehicle.

[@joellebandan5244]

VinFast’s strategic partners are all big names in the fields of technology and automotive industry such as Pininfarina, ZF, Durr, Bosch, ABB, Faurecia, Dassault, Google, etc. - I am positive about it succeeding ... especially because it's models already meet the highest safety standards set by NHTSA and EURO NCAP.

[@weprayforcars7]

This will be a bad decision for the U.S. You're willing to help a foreign country and damage your own American based Tesla?

[@louisalong7019]

According to Vinamr, Vinfast Fadil not only topped the A-segment but also became the best selling model of the whole auto industry in Vietnam 2021, far ahead other big names like Toyota and Hyundai. Also, Vinfast EVs have dominated the Vietnamese EV market since 2021. In addition to a fleet of 200 all-electric public VinBus carrying 60 passengers at a time, over 1,000 Vinfast e34's (a smaller version of VF8) have been sold since Dec 2021. Surprisingly, there have been no problems reported after over 8 months on the road. Similarly, no serious issues have been reported about BMW electric cars. Evidently, with a unique Italian design by Pininfarina, Vinfast EVs are German BMW based. In other words, Vinfast is just a more affordable version of BMW.

[@tooltalk]

Are you paid to write this? Vinfast made just over 30+K vehicles, ICE+EV, last year in heavily protected domestic market.

[@AnhDao2412]

@@tooltalk Tôi đang sống ở Việt Nam nè và khẳng định bạn ở trên comment hoàn toàn đúng đấy

[@ongmat4439]

After they stopped selling the loss-making petrol cars, their market share in this market returned to zero. The EV market in Viet Nam is virtually non-existent, charging infrastructure is not even in place, probably less than 1000 EVs are now on the road...

[@rawmetal3052]

@@tooltalk search for Vinfast Fadil he ain't lying

[@carrotblog1746]

@@ongmat4439 the only tech that Vinfast offering really differentiate them is recognize Vietnamese region voices. They are so hopeless

[@steved0123]

It looks like the retiree is out of the car market. $60k for the lowest priced model? Never mind the kid just getting their license or young adult just starting out. Be truthful, they don't want the average person to own a vehicle.

[@marcusjuliusduplito6423]

vietnam has gone along way!from a wartorn country for several decades to one of the biggest economies in southeast asia!..even eclipsing malaysia..

[@tnguyen403]

About 30 years ago Vietnam's GDP per capita was $95 making it the third poorest country on earth. I can't believe this same country is now trying to sell cars to Americans like they're Japanese or Germans.

[@ongmat4439]

@Marcus, What are you smoking? I want some of that....LOL.

[@ETS186]

Malaysian economy is still 2x of Vietnam's no?

[@MT-pm3jb]

@@ETS186 Similar size now bro

[@ThanhNguyen-oo1wy]

@@ongmat4439 Do you have any enmity with Vietnam? Why are you blatantly misrepresenting... what is your intention?

[@njavwamutambo1441]

Rooting for them, rooting for Vietnam!

[@Kathy-22]

Go Vietnam

[@ongmat4439]

No, you're not rooting for Vietnam when you're rooting for them. This is a business like no others. it is propped with the ill-gotten gain from land grabs and corruption. Every year, thousands of families lost their house and land due to land grabbing in socialist VN.

[@jar3729]

Rise up Vietnam

[@vunguyentr5561]

No man, this corporate having media crisis back there in Vietnam after their trials of continuous environmental violation and political bribery scandals, their expansion is the excuse to distract attention from their unethical practices,

[@OanhQuan-fi4js]

Thanks 🎉

[@Justmyopinionlol]

he got rich doing business as an Asian immigrant in dirt poor Ukraine. If his parents sent him to USA, he would be much richer today. People would be riding Vinfast 20 years ago not in 2023.

[@yuegonghuamei6685]

Actually Amerikkka is dirt poor country not Ukraine. Have look at American dirt poor n homeless n addicts all over street n sidewalks of Amerikkka? Worse than Africa.

[@garlicsalt8252]

Well said.

[@mikeg9341]

All i can say is give it a try. If it turns out to be a piece of junk oh well. But what if its the greatest car youve ever bought in your lifetime.

[@gus473]

So far, my greatest car was a Volvo 940. Excellent machine!

[@ongmat4439]

Car is a big ticket item so I'd prefer to buy it from a proven car company or at least a company with car tech. I don't want any trouble from my car. Vietnamese consumers are weary of this vinfast cars, their petrol car business did not fly. In fact they stopped after 3 years. The same result will be highly likely for their EV business.

[@vandinhnguyen6866]

I am Vietnamese, I am very proud of our Vietnamese products. I❤VN

[@ryanle3782]

If Vinfast want to compete in the US it must start to improve sevices to it's consumers first in Vietnam. I got an electric scooter from Vinfast and my charger was broken after one month. Brought it back to get a new one and was made to wait for the only technician to check it out. I asked for a loaner and was denied.

[@traveljacknguyen2915]

Yes, most people in Vietnam will choose other brands if they have enough conditions. Most of those who own Vinfast is due to their purpose of supporting national brands but not the quality

[@OanhQuan-fi4js]

Các bạn nói sai rồi, chúng tôi người Việt Nam trong nước luôn luôn ủng hộ xe về cả chất lượng, còn các bạn đang nói xấu có mục đích là gì?

[@ryanle3782]

@@OanhQuan-fi4js Đây không phải là nói xấu mà là nói sự thật. Nếu chỉ thích nghe những lời nịnh nọt thì sẽ không bao giờ thấy cái sai cái yếu điểm của mình. Đừng mù quáng mà cứ nói ủng hộ hàng Việt vì yêu nước thì là đúng. Đây mới là hại cho đất nước.

[@pepitosevilla3183]

Mr Vin playing monopoly irl lol

[@pituq129]

Vin fast car looks and perform way better than cars made in China

[@angelmatos9143]

Hard work & wisdom is something I deeply admire in the Vietnamese

[@JWRame]

If you ever been there you would know there isn't any of either

[@DhrubajyotiRaja01]

*It's just a Fake News propagated by Communist Media of USA* ......

[@andro7862]

@@JWRame Spiteful Chinese?

[@JWRame]

@@andro7862 live there, manage some employees and you'll see for yourself

[@_llv22]

@@JWRame chinese verified 👍

[@nickdual]

I am living in Vietnam. What did Vinfast invent? 😃😃😃😃

[@paulfriedrichschulz1964]

The beats at the beginning of the video are really sick. I think the creator of the video works as a DJ in a club on weekends

[@1vachmed94]

Crazy, the battery subscription (without the nice price of the actual car) is already €120! per month. My whole car costs me €120 (Toyota Aygo)

[@YangJeongin.1]

I am not a businessman but my take is this: if Korean and Japanese car makers can compete in the US market. Why not Vietnam EV? The question is: Can vinfast pass the US auto safety standards? The general US car consumers are looking for quality: Feature, design, comfort, price, reliability and maintenance. If vinfast can tailor the designs to meet consumers demands and affordability. Vinfast can compete in the US car market. Who knows it may hits the US car jackpot!

[@joellebandan5244]

Sir - Vietnamese and Chinese cars cost about $10k less than US and European cars...and get better service + have a higher built quality...also: there are no patent restrictions so the best options can evolve due to easy sharing.

[@HungLe-kj3th]

5,000 VF EV's will be shipped to US and Canada in a next few months. I don't think they can ship thousands of EV's without passing the safety tests.

[@josephvstalin4657]

because Vietnam has nothing about battery technologies.. it ie the biggest problem of Vietnam.. as far as i know, Vin fast has no gasoline engine they have developed. if Vietnam does not have plenty of battery technologies, Vietnam always has to depend on China,South Korea or Japan battery companies... i am sure it will be huge disaster🇨🇳👍🤣😁😜

[@super_hero2]

The strategy of vinfast is to use components from different manufacturers around the world even the design is outsourced. I can assure you that this model might work in vietnam but internationally, it will fail due to high cost.

[@CBBB]

Many Vinfast EV vehicles caught on fired with fatal injuries and incidents in Vietnam! I wonder what safety guidelines are they following ? And what regulations for customers in case of lawsuits ? Most of Vinfast EV parts are make in China and shipped to Haiphong and assembled in its facility there ! China made not Vietnam made !!

[@Chinacommunist]

Vinfast EV cars are made really cheap and sold at a higher price, big Vietnamese millionaires would always find a way to scam people. Thats why you haven’t seen Vinfast anywhere, its a scam that has been crashing.

[@vanhvu6598]

all products or services of Vinfast are highly appreciated for quality and price in Vietnam.Vinfast is very much loved by Vietnamese people, not because the company gave us something for us to love, but every service or gadget they serve to customers is b etter than the money the customer has to spend.Hope the company will have great success making many products to serve the people as well as contribute to environmental protection.

[@nanaovitan]

Love all Vinfast cars. Very stylish!

[@chohohowuan8994]

how about the services; parts, maintenent guaranty

[@HyPhuyenTheSwordPrince]

Well done! Now I love my nationality having their car brands come to America. Even when it is an electric car.

[@abcd123906]

I wish him well...but he's GOT to change the name for the American market!! "VinFast" won't fly with American consumers. Sounds like SlimFast. Just my two cents.

[@ajaxjaiswal3442]

In south korea these conglomerate are called "chaebols".

[@davidpak271]

Have fun with traffic after replacing all those bikes

[@isthisme-ct9fe]

he just want to get ipo on New York exchange , dont buy this car company you will be crying ,, selling cars in vietnam is different from usa ,they cant even sell combustion engines in vietnam now they talking about going fully ev ?

[@moekim9772]

Vietnam modelled their private businesses to Korea's chaebol model. Hope the best for Vietnam,

[@khai96x]

Vingroup is mere 5% of national GDP. They are not at all a tycoon, at least not yet.

[@kendellfriend5558]

@@khai96x 5% is no small number

[@khai96x]

@@kendellfriend5558 Compared to Samsung share of South Korea GDP, it is small. (Top comment is comparing Vietnam to South Korea)

[@kendellfriend5558]

@@khai96x the group is 1/4 of Samsung’s share of Korea’s gdp. Samsung has revenues of 20% of Korean gdp. And Vietnam with a gdp per capita of only about 3000 usd which is much less than Korea, the group controls a large amount of wealth in the economy.

[@khai96x]

@@kendellfriend5558 Compared to Viettel (a telecommunication company owned by the Vietnamese military), Vingroup is an insect.

[@mikezhang6871]

It looks a really nice car, a little expensive though. I gotta say, pricewise, it's not as competitive as some Chinese EV brands.

[@kimthoatran9351]

Vâng .Đúng là nó hơi đắt.Nhưng bạn sẽ thấy xe tốt hơn và hậu cần dịch vụ sẽ tốt hơn.❤❤

[@anonymous05067]

Everything in this video is just the surface of of Vinfast. Beside real estate in Vietnam, VinGroup is not making any profit in all their investments. There is a leak report recently which reveals Vinfast is having debt nearly 3 times more than their assets.

[@chohohowuan8994]

Last fical year 2021, Vinf lost 1 bil !!!

[@antoinebuhler5427]

Indeed.

[@PhuongMalkin]

$46,990 The 2022 Tesla Model 3 has an official starting price of $46,990 for its base rear-wheel drive (RWD) trim. This makes it the cheapest Tesla car currently offered. The Model 3 is Tesla's cheapest vehicle.

[@PhuongDuong-rv5se]

How sure are you ?

[@5688gamble]

It is public transport we need to be focusing on, cars are bad no matter how you slice it- efficiency, cost, environmentally, they aren't even convenient because so many people have them that congestion is constant- sticking a battery in a car is just a way to absolve those who can afford them of any guilt they may feel about their continued desire to drive everywhere. Maintaining those roads (worse as vehicles get heavier by, say replacing an energy dense medium like petrol with batteries) and mining the materials for those cars has a horrendous impact on the environment. We have to accept that this addiction to car centered transport must end- they love their mopeds, how about an e-moped? Not profitable I guess when everyone wants large personal boxes. Guess that wouldn't make the rich man richer. Why would one want to be the Elon Musk of anything? He is devoid of morallity. Pretending to care about the environment with Tesla, whilst destroying the planet taking private jets and playing with his space toys!

[@w2385-i2s]

I'm selling my Tesla stocks for Vinfast.

[@tokinngo9158]

Nìce

[@heroes8844]

becareful what u wish for, because u might actually hit a jackpot

[@TheIvyLens]

That’s not wise. Tesla is a tech company with robust data, whereas vinfast appears to be a car segment of a Vietnamese conglomerate. It’s like selling TSMC stock for Intel stock. Not quite the same.

[@heroes8844]

@@TheIvyLens u dont understand economy, and the reason why there isnt only 1 tesla

[@TheIvyLens]

@@heroes8844 and you must not understand English because your reply to my comment made no contextual sense.

[@danielmusoline5425]

Here from California I wish to see the car here really thinking of ditching my gas guzzler

[@OanhQuan-fi4js]

Welcome to Vietnam

[@larrylenard3282]

I can appreciate the Vinfast product. I have seen them in Little Saigon, Califirnia, however, I teach Vietnamese international students and they tell me that their families will not buy the Vinfast.

[@tbr7035]

Selling cars in the west is going to be a much harder prospect than selling them in Vietnam. Safety standards even in the US are far higher and will make the cars far more expensive to manufacture, but I hope it works out for them

[@hp4415]

You aware that they used bmw engine right?

[@johnbrookhaven7134]

Vinfast is 5 star safety test in asia..

[@thethaovatoquoc312]

@@johnbrookhaven7134 There is a reason why zero Vinfast car was sold in Europe after it failed safety standards there for 5 years after much fanfare for its Paris Auto Show with big ticket hired spokesman Beckham in 2018.

[@mililani6037]

@@thethaovatoquoc312 Four senior executives at VinFast have left Vietnam and went back to their home countries

[@janviergalle]

@@thethaovatoquoc312 China has a huge gang of the 50-cents propagandists working under the communist's guidance with one goal: spread lies and frauds domestically and all over the world for China communist party's interests. Vietnam has the same gang but smaller though. All these guys in Vietnam just don't know what they're talking about. Day in day out, they're fed with lies since they're born literally. and they really don't see the truth in your comment.

[@richsalazme]

If they sell their cars significantly cheaper than the competition while being a decent car then it'll quickly gain brand recognition. Main problem here are the american mindset tho. USA is still one of the most racist country, plus they had a bad experience with the vietnamese before. Some may hate on this company mainly because of that, and existing companies might pay the media to make their image look bad

[@skunklover5725]

Greetings From New Hampshire (USA) VinFast's EV's look really really nice, If I am able to get my hands on one I'll have painted in my 2 favorite colors: RED & BLACK✌😊✌ I pray for your success in the future VinFast.👍👍👍👍 P.S. Do they come with cup holders & a C.D. Player?😁

[@OanhQuan-fi4js]

Thanks bạn

[@elkissjackie5398]

Starting early is the best way of getting ahead to build wealth, personanly think people should venture into cry_pto trading now because in 2_3 years time you will be ecstatic with the decision.I learnt this from my last year's experience and now i am able to build a suitable life because I invested early.

[@jacksonmagnus2876]

Well I totally agree with you

[@jacksonmagnus2876]

Bitcoin will definitely hit 100k

[@richardbalint2582]

Cry pto investment is the best way to make mone y nowadays 💯

[@ryanconnorlucas7579]

Investment in cr_ypto in this current econ-omy will be one of the best thing to do this year.

[@adenabiyine8253]

Trading in stocks and cypto market is the best financial decision any can make but the cypto market is much more better than anything else at the moment.

[@Alexandre-vj5yq]

BREAKING: @Tesla has reduced their car prices MASSIVELY in the US. Changes: • Model 3 RWD: $43,990 (from $46,990, a 6.4% drop) • Model 3 P: $53,990 ($62,990, 14.2% drop) • Model Y Long Range: $52,990 (from $65,990, a 20% drop) • Model Y P: $56,990 (from $69,990, a 23% drop) Model Y LR is now $13,000 cheaper before the tax credit and $20,500 cheaper including the tax credit. Vinfast is probably sweating bullets right now. 😅 What do they even do?

[@razynh3190]

The car looks great! Even though they're new to the market, with such collaborations, I have zero doubts about the quality of the vehicle. Would love to test drive it one day.

[@jaybui7506]

Do more research! especially those who had owned the car in VN. Corrupted. Money launder.

[@razynh3190]

@chaupham4656 Bitter much?

[@dannydo1921]

@@jaybui7506 That's true....Thanks for the heads up.

[@MdShalahuddin]

Qqqqqqqq

[@googlvakodia]

@@jaybui7506 do you know what is money laundry? Sound like you don’t

[@Kinhnamese]

Why don't they try to sell to China? Because these are Chinese made cars in disguised of Vietnamese. Please named the Vietnamese engineers who work on the development of these cars. Answer is none...

[@SonNguyen-by8pl]

Government of Vietnam should wholeheartedly support Vinfast to make it a world success.

[@yollyy]

SO PROUD OF VIET NAM 🇻🇳🇻🇳🇻🇳🇻🇳

[@audreysummer7503]

I will only buy it if it’s safe and Reasonable price.

[@anthonyfn]

This video misses a huge part about VinFast's plan to retain ownership of the Batteries and let customer rent them out on a subscription model... Which in my opinion may be their demise.

[@heroes8844]

what's wrong with it? Your batteries will eventually doesnt work, or something happen. I would happy to pay a small fee for service like that? Where else would u go to if your battery broken?

[@Dayvit78]

It does add a large cost, but to say that will cause their demise is an exaggeration. People will factor in the rental cost.

[@EbonySaints]

@@Dayvit78 True, but it immediately makes a certain segment of the market not interested in only owning 85% of a car and makes people leery about what could happen. What about resale value? What about model updates and revisions? What about missing a payment? Does your car magically stop working until you pony up? I think if they at least allowed you to buy their batteries outright or bring in a third party's, then I could probably live with it.

[@chohohowuan8994]

@@heroes8844 you get your car and vinfast takes the battery !!!

[@Natashahoneypot]

John Lennon Ono would have been pleased by the peaceful cooperation.

[@ecc1417]

40k + very limited of technical support ? 🤔🤔🤔

[@Allin7days]

Vietnam has a GDP of ~$3.5K per capita. The EV market is too competitive for Vietnam to chase. This is the wrong business for Vietnam at this point in time. You need to build up the foundation. But then again, they won't listen to me and many experts either. Go ahead and learn it yourself, Vietnam.

[@Yru2noz]

There are more hidden agendas in attempting mfr Vinfast EV in the U. S.

[@truongngo4786]

Vingroup has made its almost impossible to own an apartment let alone a house in Vn for an average VNese officers. Right now it takes about 50 years worth of income for a normal Vnese to have a condo, how u think about that, and this number literally increases every years, last few years it was 35-40 years haha

[@K4R3N]

What happens when my vinfast ev has a problem? There's no vinfast service centers!

[@albertli3935]

How come when it comes to dealing with communist China, Communist Russia, America has a totally different approach when trading with Vietnam? Double standard when it comes to the game of democracy and capitalism.

[@CenturionSS]

Cry more chinese

[@GoGoPooerRangers]

Surely you aren't that slow, are you? Vietnam isn't big enough to be a threat on top of that they're not going around encroaching in other countries waters, building artificial islands, pillaging their neighbors fishes, entrapping countries in loan traps, invading countries...it's not that difficult to wonder why the relationship is different. Does Vietnam have wolf warriors on twitter insulting America at every turn, Vietnam and the US have a history of conflict but they have moved past that and in fact many vietnamese have a positive Outlook of the US. Can't say the same for China which every single day disparages the US on Weibo or censors anything that is critical of China. Also just want to add China isn't really a Communist country they're wealth is from actually opening up and having inflows from western companies the same as Vietnam.

[@eternalobi]

@@GoGoPooerRangers Right now the US is definitely trying to fight it out with China. But once this fight it out phase ends aka when Chinese economy far exceeds that of the US, China and US will go back to normal relationships. Because I do not think China view US as a threat, especially if China over takes the US.

[@hp4415]

@@eternalobi Chinese army at work on youtube again. Haha

[@eternalobi]

@@hp4415 No I am for multipolar world rather than the current US hegemony.

[@chanwang7174]

What should care when the VinFast creates jobs in the USA instead of in Vietnam. The company is not helping VN at all.

[@kimle8989]

How do you know they not helping? Are you living in VN? LOLS