An inside look into VinFast, Vietnam's Tesla hopeful with lofty goals

VinFast LLC's VF8 sport utility vehicle (SUV) at a delivery event at the company's factory in Haiphong, Vietnam, on Sept 10, 2022. - Bloomberg

HANOI (Bloomberg): Vingroup just hosted Elite Vietnam Tour - a four-day, multicity extravaganza aimed at convincing attendees that the company's electric car division, VinFast, can make good on its lofty goals.

Considering VinFast hadn't made a car before 2017, it's moving at light speed. Its factory in Haiphong, to Hanoi's north, spans 9 million square feet. Another one costing US$4 billion (S$5.7 billion) in phases is planned for North Carolina.