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VinFast eyes breakeven in next five years - VnExpress International

VinFast eyes breakeven in next five years By Dat Nguyen   January 18, 2021 | 12:01 pm GMT+7 The logo of VinFast on an SUV. Photo courtesy of VinFast. Automaker VinFast expects to break even in the next five years as it ramps up production and cuts costs. The subsidiary of conglomerate Vingroup also plans to start operating VinBus, a public transport network, this year and launch five new models, including three electric cars, by 2022, according to a recent report by stock brokerage KB Securities Vietnam. It will launch two cars in the U.S. by next year, and invest in the development of self-driving technology, battery and charging.

November auto sales achieve year record - VnExpress International

November auto sales achieve year record By Dat Nguyen   December 16, 2020 | 04:05 pm GMT+7 Cars and motorbikes stranded during rush hour in Hanoi. Photo by Shutterstock/Vietnam Stock Images. Auto sales in November hit 36,359 units, the highest monthly number this year as Vietnam continues to contain Covid-19. The figure exceeded that of last year by 22 percent, making November the third month to record year-on-year growth in 2020 after February and October as Covid-19 caused sales to slump in other months, according to data from Vietnam Automobile Manufacturers Association (VAMA). Passenger cars accounted for 79 percent of sales, commercial vehicles nearly 20 percent, and special-purpose vehicles for the rest, data shows.

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