VinFast, which was founded just a few years ago in Vietnam, is hoping to take on giants likeTesla when it arrives in the U.S.
The founder of Vingroup, the country's largest conglomerate, made his first fortune in dried ramen noodles.
Vingroup, which pulled in about $5.4 billion in sales in 2021, owns shopping centers, golf courses, housing developments and educational institutions Vietnam's first locally produced phone was produced by it.
Vehicles give a country with benefits that can go beyond the balance sheet.
Sam Fiorani is the vice president of global vehicle forecasting for AutoForecast Solutions. Most countries have an automotive manufacturer.
He said that automakers can attract all kinds of related businesses, such as a plethora of suppliers that can translate into many additional jobs and opportunities.
The company is staffed with people from storied brands like BMW and it has supply partnerships with names like Gotion and Pininfarina.
Americans need to consider its cars.
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