 13-Jan-19, Nikkei Asian Review 

Vietnamese companies are branching out into new areas, in line with the government's goal of establishing the country as a manufacturing powerhouse by 2020. Real estate conglomerate Vingroup has started manufacturing electric motorbikes and smartphones and is set to enter the car industry.

Image: Nikkei Asian Review

VinFast, a Vingroup unit, began selling its first electric motorbike in Nov-19. Like many other domestically made products, however, it remains heavily dependent on foreign parts and technologies.

While the collaboration with companies such as BMW, Robert Bosch and Siemens enabled Vingroup to bring the e-bike to market in just over a year after announcing plans to expand into motor vehicles, it reflects the long path the country has to travel before becoming a full-fledged industrial power.

 Read the full article  

 Industrial & Logistics insights