VinFast and the government of India's Tamil Nadu state signed a memorandum of understanding (MoU) to allocate approximately 200 hectares of land in the SIPCOT Industrial Park in Thoothukudi city to support the development of the company’s existing facility.

Vietnam’s automotive market experienced robust growth in February, with VinFast leading sales, according to the Vietnam Automobile Manufacturers Association (VAMA).

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 404,635 vehicles of all kinds last year, an annual rise of 33%.

Vietnam’s automotive market is expected to see car sales rise during the holiday season, as the industry continues to recover after sluggish sales during the global pandemic, according to experts.