“We will do in Vietnam what Toyota does in Japan”

Pham Nhat Vuong became Vietnam’s first dollar billionaire. He was born in Hanoi during the war, studied in the USSR, earned his first millions in Ukraine, but sold his business there just in time and returned to his homeland. In Vietnam, he founded the Vingroup group of companies, which is often compared to Korean chaebols (a form of financial and industrial groups. – Vedomosti). The Vietnamese live in the houses he built, send children to his schools, get treated in his clinics, talk on his smartphones, go to his supermarkets for groceries from his farms. And it all belongs to his family.

Six years ago, Pham got into the car business by founding VinFast. He did not reinvent them, but bought technologies from Western companies. Fam did not limit himself to the local market. He arranges deliveries to Europe and builds a car factory in the USA. As suggested by the Internet edition Autonews.ru, he may enter Russia, especially since in 2018 he was already eyeing the Russian market. In October last year, VinFast patented the design of two crossovers in Russia. Although the concern did not officially announce plans for work in our country. Autonews.ru believes that it may be interested in the production facilities vacated after the departure of foreign companies.