First made-in-Vietnam car rolls off Assembly line

[Kai Liu]

For 3.5 billion, Vietnam should build an electric car similar to Tesla. No point creating something 5hat everyone and anyone can creat in major automobile producing countries.

Just think, why would anyone spend the same amount for a car just as good as bmw? Wh6 not just get a bmw?

Let’s just say that a Louis Vuitton hand bag cost 3K. Would anyone buy a bag from a new company for 3K but it’s as good as a real LV bag? Of course not, knock offs need to be substantially cheaper. People would buy it if it’s 200-400....but not 3K. Same concept apply here with the Vietcong knock offs cars.

This viet will never get it. This is why I show the car price in China to him... But he just don't get it...
These cars will end up in Vietnam's auto industry history museum as a failed product...

 

[Viet]

“The high priced cars are only for rich Vietnamese or foreign markets not the mass.”
Like the Bphone...Lol...
"US and German technology at a price of a developing country as Vietnam."
Ahaa.... Give me a break.... man....... Cars in VN cost twice more than elsewhere....
"US and German technology"... With that price I can buy an authentic BMW X5 made in Germany.......
People will feel embarrassed to sit in a Vetmease car..... Lol....

You can’t compare with Bphone maker. That’s a small fish. Making cars is another scale. The price is high because Vinfast imports 45 percent of auto parts from Germany. If VN succeeds to lure German and other foreign suppliers to manufacture locally with lower taxes, car price will lower. That is expected to happen in the months and years to come. Imported BMW cars are much more expensive in VN because of luxury tax.

You can laugh on VN carmakers as you want. Remember of China carmakers 10 years ago.

 

[Kai Liu]

You can’t compare with Bphone maker. That’s a small fish. Making cars is another scale. The price is high because Vinfast imports 45 percent of auto parts from Germany. If VN succeeds to lure German and other foreign suppliers to manufacture locally with lower taxes, car price will lower. That is expected to happen in the months and years to come. Imported BMW cars are much more expensive in VN because of luxury tax.

You can laugh as you want. Remember of China carmakers 10 years ago.

Car price in VN is irrelevant to the fate of this company because a tiny 300,000 car market with a negligible luxury car sales can not feed your vinfast...
And about the overseas "high-end" market... Ask Germans around you if they want to buy a car from a company they never heard of with a comparable price to BMW or Audi...
My conclusion is: the sales will be negligible...

And do not compare your car industry with ours, because our car industry is feed by our domestic market w/t an annual auto sale of 30,000,000, which you will never achieve even 1/10 of it...

 

[Viet]

Car price in VN is irrelevant to the fate of this company because a tiny 300,000 car market with a negligible luxury car sales can not feed your vinfast...
And about the overseas "high-end" market... Ask Germans around you if they want to buy a car from a company they never heard of with a comparable price to BMW or Audi...
My conclusion is: the sales will be negligible...

And do not compare your car industry with ours, because our car industry is feed by our domestic market w/t an annual auto sale of 30,000,000, which you will never achieve even 1/10 of it...

What you see is just a snapshot of time means little. Don’t forget: Vietnam is like China a communist country. If the government wants Vietnamese to have cars then they will buy cars. 1 or 10 million cars a year isn’t a problem at all.Vietnam has 45 million motobikes, the government recently says it will ban all motorbikes in major cities in 10 years. If just 1/4 of them buy cars, we will see millions of cars on the roads.

So 10 years is the transition period to say good bye to bikes then switch to cars.

Remember, the government does not say the ban takes affect tomorrow, otherwise the people will storm buying cars tomorrow.

 

[Tom99]

It is a good endeavor on Vietnam's part. Every country must start somewhere if they want to forge ahead. Right now, Vietnam can assemble cars and in the future it will be able to design and produce those cars themselves.

It is good to see another Asian countries are developing and taking another step ahead.

 

[GS Zhou]

No joke: the company wants to sell cars in China. Chinese are plentiful and have money.

sorry, but it is indeed a joke.

China car market is big, but that does not mean the VN car company can get opportunity in China. A handful of reputable international car companies have already been killed by the cruel competition in the Chinese car market, and more are falling to their end destination in the China market: Suzuki is dead in the Chinese market, Fiat also dead. Who will be the next? Very likely PSA and Ford: PSA declines by 40% in the Chinese market in 2017; followed by another 40% decline in 2018; Ford declines by 12% in China 2017, followed by a 55% decline in China 2018. No matter how successful they are in other markets, or how reputable the brands are, their days in China are numbered. The leading Chinese car companies like SAIC, Geely, BYD or Greatwall are taking back the domestic market from foreign players, just like Huawei/Xiaomi/Oppo/Vivo defend the Chinese smartphone market. There could be some market performance up or down, but the overall direction is very clear, and irreversible.

Just one very simple example, Geely Binrui (缤瑞), Geely's newest compact-sized sedan model.

Highlights of Geely Binrui (using the variant 200T DCT Binzhi version/缤致版 as the example)：
- Size (in mm): 4680*1785*1460 in L*W*H, 2670 in wheelbase
- Engine: 1.0T, 100kw, 205Nm
- Transmission: 6-speed DCT (dual clutch transmission)
- Safety features: Front airbags for drivers/co-drivers; Side airbags for drivers/co-drivers; ABS (Anti-block system), ESP (Electronic Stability Program), TCS (Traction Control System), HHC (Hill hold control), TPMS (Tire pressure monitoring system), HHC (Hill Hold Control), Cruise control, Parking radar + camera, LED lighting, Daytime lighting
- Comfort features: rearview mirror autofold, driving-wheel control, electric driver seat, Sunroof, EPS (Electric power steering), keyless entry & start, touch screen, speech control of navigation/music/radio, etc,

Pictures of Binrui:

Such a decent sedan with so many safety/comfort features in the car. Guess its price? MSRP (Manufacturer suggested retailing price) at RMB 98.8k, or USD 14.7k.

Give me a reason to buy the Vietnam model, not the Geely model.

1 or 10 million cars a year isn’t a problem

Mind to be a bit careful before making any number?

10 million cars sales a year?? Do you know what the number mean? Actually only two countries on the earth have the car sales higher than 10 million, one is China: 24 million units a year, another is USA, about 14 million a year. Both are with much bigger population than Vietnam, also a much bigger economy.

Vietnam is growing fast. Good to Vietnam and its people. But that does not mean you can make groundless brag like this.

I still can't see any target customer for these cars with your tiny domestic market with 300,000 something auto sales...

You overestimate the market size of Vietnam. Its 2018 sales result was 190k units. See the sales table from VAMA (vn automobile manufacturing association)

Scale plays an important role in the automobile industry. Without a decent scale, the investment on the car plant, the R&D spending, will push the car cost to be too high to be absorbed by end buyers. Even 1/5 of the vietnam customers buy the new car for "patriotic" reason, the demand is still too small to make economy sense. But I'm not sure if there could be that many "patriotic" vn people to spend a big amount of money (compared to their income) on the vn car. It will be very interesting to observe.

 

[Viet]

sorry, but it is indeed a joke.

China car market is big, but that does not mean the VN car company can get opportunity in China. A handful of reputable international car companies have already been killed by the cruel competition in the Chinese car market, and more are falling to their end destination in the China market: Suzuki is dead in the Chinese market, Fiat also dead. Who will be the next? Very likely PSA and Ford: PSA declines by 40% in the Chinese market in 2017; followed by another 40% decline in 2018; Ford declines by 12% in China 2017, followed by a 55% decline in China 2018. No matter how successful they are in other markets, or how reputable the brands are, their days in China are numbered. The leading Chinese car companies like SAIC, Geely, BYD or Greatwall are taking back the domestic market from foreign players, just like Huawei/Xiaomi/Oppo/Vivo defend the Chinese smartphone market. There could be some market performance up or down, but the overall direction is very clear, and irreversible.

Just one very simple example, Geely Binrui (缤瑞), Geely's newest compact-sized sedan model.

Highlights of Geely Binrui (using the variant 200T DCT Binzhi version/缤致版 as the example)：
- Size (in mm): 4680*1785*1460 in L*W*H, 2670 in wheelbase
- Engine: 1.0T, 100kw, 205Nm
- Transmission: 6-speed DCT (dual clutch transmission)
- Safety features: Front airbags for drivers/co-drivers; Side airbags for drivers/co-drivers; ABS (Anti-block system), ESP (Electronic Stability Program), TCS (Traction Control System), HHC (Hill hold control), TPMS (Tire pressure monitoring system), HHC (Hill Hold Control), Cruise control, Parking radar + camera, LED lighting, Daytime lighting
- Comfort features: rearview mirror autofold, driving-wheel control, electric driver seat, Sunroof, EPS (Electric power steering), keyless entry & start, touch screen, speech control of navigation/music/radio, etc,

Pictures of Binrui:

Such a decent sedan with so many safety/comfort features in the car. Guess its price? MSRP (Manufacturer suggested retailing price) at RMB 98.8k, or USD 14.7k.

Give me a reason to buy the Vietnam model, not the Geely model.


Mind to be a bit careful before making any number?

10 million cars sales a year?? Do you know what the number mean? Actually only two countries on the earth have the car sales higher than 10 million, one is China: 24 million units a year, another is USA, about 14 million a year. Both are with much bigger population than Vietnam, also a much bigger economy.

Vietnam is growing fast. Good to Vietnam and its people. But that does not mean you can make groundless brag like this.


You overestimate the market size of Vietnam. Its 2018 sales result was 190k units. See the sales table from VAMA (vn automobile manufacturing association)

Scale plays an important role in the automobile industry. Without a decent scale, the investment on the car plant, the R&D spending, will push the car cost to be too high to be absorbed by end buyers. Even 1/5 of the vietnam customers buy the new car for "patriotic" reason, the demand is still too small to make economy sense. But I'm not sure if there could be that many "patriotic" vn people to spend a big amount of money (compared to their income) on the vn car. It will be very interesting to observe.

Did I previously say I like you? I notice you carefully read my post and found inconsistencies. Ha ha.

But seriously, why is it a joke if a VN carmaker wants to sell its products to China, but it’s not if China carmakers want to sell to VN? Because many foreign competitors as you mentioned fall dead so we shouldn’t try? It’s weird logic.

 

[Jlaw]

It is a good endeavor on Vietnam's part. Every country must start somewhere if they want to forge ahead. Right now, Vietnam can assemble cars and in the future it will be able to design and produce those cars themselves.

It is good to see another Asian countries are developing and taking another step ahead.

It is a good development but the Vietnamese poster is not telling the whole truth. The engine, transmission, steering g wheel, tires, CPU, LCD screen, and other important parts of the car is imported from foreign companies. Like I explained to him, Canada is similar when Americans Japanese companies build Assembly plants here. In Canada we mostly assemble but we have many smaller parts made by local companies.
No Canadians in their right mind would say those are Canadian cars.

 

[Viet]

Certainly VN car market is small

It is a good development but the Vietnamese poster is not telling the whole truth. The engine, transmission, steering g wheel, tires, CPU, LCD screen, and other important parts of the car is imported from foreign companies. Like I explained to him, Canada is similar when Americans Japanese companies build Assembly plants here. In Canada we mostly assemble but we have many smaller parts made by local companies.
No Canadians in their right mind would say those are Canadian cars.

would you be happy if it is called made-in-China car?
Certainly major parts of the cars including the turbo 2-liter-Petroleum car engine are made in Vietnam. Do you see the V on the steering wheel? V as Vietnam. It’s not C.

 

[Kai Liu]

What you see is just a snapshot of time means little. Don’t forget: Vietnam is like China a communist country. If the government wants Vietnamese to have cars then they will buy cars. 1 or 10 million cars a year isn’t a problem at all.Vietnam has 45 million motobikes, the government recently says it will ban all motorbikes in major cities in 10 years. If just 1/4 of them buy cars, we will see millions of cars on the roads.

So 10 years is the transition period to say good bye to bikes then switch to cars.

Remember, the government does not say the ban takes affect tomorrow, otherwise the people will storm buying cars tomorrow.

Haha..... buy cars? with what? your 200$ monthly salary???
If your government ban all motorbikes, you ride bicycles. Simple as that...

OK, even if your car sales increase 6 fold to 1 million (the current level of South Korea) in 10 years, this company is long dead with its negligible sales.. And your market still will be dominated by foreign companies....

Certainly VN car market is small

would you be happy if it is called made-in-China car?
Certainly major parts of the cars including the turbo 2-liter-Petroleum car engine are made in Vietnam. Do you see the V on the steering wheel? V as Vietnam. It’s not C.

View attachment 541312

View attachment 541315

Nice joke again...

 

[GS Zhou]

But seriously, why is it a joke if a VN carmaker wants to sell its products to China, but it’s not if China carmakers want to sell to VN? Because many foreign competitors as you mentioned fall dead so we shouldn’t try? It’s weird logic.

you of course can have your plan or dream. But plan is plan, reality is reality. Yes, the China market is big; but the competition is also tough. You need to give Chinese customers convincing reasons not to buy Geely/SAIC/Greatwall/BYD/Baojun cars, but to buy a new vn brand.

BTW, when you want to sell the cars in China, at least make your logo changed. It looks almost identical to the logo of Chang'an (长安), which Chang'an has been using for more than 10 years.

 

[Kai Liu]

you of course can have your plan or dream. But plan is plan, reality is reality. Yes, the China market is big; but the competition is also tough. You need to give Chinese customers convincing reasons not to buy Geely/SAIC/Greatwall/BYD/Baojun cars, but to buy a new vn brand.

BTW, when you want to sell the cars in China, at least make your logo changed. It looks almost identical to the logo of Chang'an (长安), which Chang'an has been using for more than 10 years.
View attachment 541343

There is only one reason, those vn brides will ask their husband to buy this car....

 

[Tom99]

It is a good development but the Vietnamese poster is not telling the whole truth. The engine, transmission, steering g wheel, tires, CPU, LCD screen, and other important parts of the car is imported from foreign companies. Like I explained to him, Canada is similar when Americans Japanese companies build Assembly plants here. In Canada we mostly assemble but we have many smaller parts made by local companies.
No Canadians in their right mind would say those are Canadian cars.

There is a minor difference. From what I understand Canada have foreign owned assembly factory for foreign owned cars while the Vietnamese one are owned by Vietnamese producing their own branded cars(however few components are locally produced). As such, this Vietnamese factory will not move out or close down like the GM one in Canada.

 

[fadine]

Vietnamese brands are coming to China! More than the Mercedes-Benz style with the BMW three big pieces, the pressure of domestic cars is big!

 

[Kai Liu]

Vietnamese brands are coming to China! More than the Mercedes-Benz style with the BMW three big pieces, the pressure of domestic cars is big!

pls do not post this joke again....