10:16 | 06/08/2018 Companies
VinFast Trading and Production Limited Liability Company, a member of the property developer Vingroup, has just finished procedures to open an office in Frankfurt, Germany.
|VinFast successfully organised a workshop in Frankfurt with the participation of 300 prestigious suppliers from around the world - Photo courtesy of Vingroup|
According to VinFast, the business registration office of Frankfurt has issued a certificate of establishment of VinFast GmbH (Limited Liability Company) operating in the field of purchasing, selling, distributing and performing commercial transactions (including but not limited to import and export) on spare parts, components and materials for the automotive and related services industries.
After cooperation with a number of German partners such as BMW, Siemens, Bosch, Durr AG, Schuler AG, Eisenmann, FFT and EBZ, the establishment of VinFast GmbH in Frankfurt reaffirms VinFast’s commitment to producing world class and high quality vehicles.
In addition to Germany, VinFast is also completing final procedures to establish subsidiaries in Shanghai (China) and the Republic of Korea.
VinFast’s establishment of subsidiaries in major automobile manufacturing and consumption centers in Europe and Asia is the next step to enter the world’s automotive market, expressing the global vision of the Vietnamese car brand.
Technically, this step will allow VinFast to easily access the most modern automotive manufacturing technologies and leading suppliers through partners in these countries.
In terms of product research and development, establishing a presence in Germany, the Republic of Korea and China will create favorable conditions for VinFast to keep up with the latest trends in the global automobile industry.
As regards to the market, VinFast’s offices will play a significant role in understanding consumer tastes in different regions of both continents, to export VinFast cars outside of the country.