Vietnam’s Richest Man Plans Electric Car Factory in the U.S.

[Viet]

It is better for him to invest his money in some already existing US start-up companies instead of sell cars under the vinfest brand, otherwise he will have ZERO chance as people will not buy cars with vn background even if in fact it has ZERO vn compnent or technology...

Set up a showroom in the US certainly can help to promote its image at home in vn, a lot of Chinese companies did it back one or two decades ago even they didn't sell shxt in the US...

Come on why so negative doom telling? just because you failed we should not try? Should we continue with selling shoes?
Stick your insults into elsewhere!

 

[Kai Liu]

Come on why so negative doom telling? just because you failed we should not try? Should we continue with selling shoes?
Stick your insults into elsewhere!

No insults to anyone, no one failed either, but you just have to face the reality...

 

[Viet]

No insults to anyone, no one failed either, but you just have to face the reality...

What reality?
We want to increase exports to one trillion USD from the current 300 billion USD. Just selling shoes to foreigners will not bring us closer to that goal.

 

[lcloo]

I am more interested on the Returns on Capital Expenditure. How does selling 30,000 cars a year in 2020 and forecasted 45,000 cars in 2021 justify the $billions invested. What kind of depreciation policy has Vinfast adopted on their CAPEX? Also what is their expected break-even date? Also what is their Acid-Test Ratio?

 

[Viet]

I am more interested on the Returns on Capital Expenditure. How does selling 30,000 cars a year in 2020 and forecasted 45,000 cars in 2021 justify the $billions invested. What kind of depreciation policy has Vinfast adopted on their CAPEX? Also what is their expected break-even date? Also what is their Acid-Test Ratio?

The loss is expected because of initial investments and low number of car sales. the company estimates to get break even in 5 years.
The carmaker itself belongs to Vingroup which has the major business in property, smartphone production, retail and so forth with $5b in revenue combined.
The car factory in Haiphong has a capacity of 500,000 cars per year. Increasing to one million or even ten millions cars per year is not a problem at all.
The major issue is finding customers that’s why the company expands to US and EU.
That sounds crazy but that’s the plan.