VinFast is a subsidiary of Vingroup, which is recognized as one of Vietnam's largest conglomerates with interests in Property, Hospitality and Entertainment, Consumer Retail, Healthcare, Education, Agriculture and Industrials . Thanks to the strong will and desire inherent in Vietnamese people, Vingroup always showcases its pioneering stature with international standard products and services. VINFAST stands for: Vietnamese – Style – Safety – Creativity – Pioneer (in Vietnamese). VinFast represents the product of our aspiration to launch a distinctive, world-class automotive brand within Vietnam, and demonstrates the ability of the Vietnamese people to skillfully implement cutting-edge technology. The development of the automotive manufacturing industry will have a profound influence on the rise and growth of a myriad of other industries. Vingroup’s aim is to bolster to the industrial development of Vietnam, and spearhead the modernization of the country. Aiming for a rich product portfolio including e-scooter, gasoline vehicles (sedan, SUV, hatchback), small electric vehicles and electric buses and an expected capacity of 250,000 cars in the first phase and 500,000 cars in the next phase, VinFast are partnering with leading OEM’s and are investing heavily in technology and people to build a world class operation. Based in Hai Phong, Vietnam, construction is well underway, with e-scooters scheduled to be produced from Q3 2018 and Q3 2019 for vehicles.