Vingroup Vice Chairwoman on Getting Into Car Industry

Vinfast, a Vietnamese company, is entering the competitive automobile industry to meet consumer demand and build an ecosystem in Vietnam. They plan to launch a 5-seater sedan and a 7-seater SUV by the end of 2019, with future plans for electric cars and scooters. Jim DeLuca, former VP of General Motors, is the new CEO. Vietnam's market is expected to grow as it transitions from two-wheel to four-wheel vehicles, driven by rising GDP. Vinfast aims to offer high-quality, reasonably priced vehicles, not competing directly with high-end international brands.

What growth does VinFast anticipate for the automobile market in Vietnam?

How does VinFast plan to compete in the Vietnamese automobile market?