VinFast, a unit of Vietnam’s Vingroup, introduced its new cars at the Paris Motor Show in France on October 2. It will become the first full-fledged domestic car manufacturer in the country when its first models roll out on the streets in August, 2019. VinFast invited former Manchester United football star David Beckham to attend the opening of its new cars, the seven-seater SUV and the four-Sedan, at the show. According to data collected by the Vietnam Automobile Manufacturers’ Association, VinFast plans to produce 250,000 cars annually in the next five years or so, equivalent to 92 percent of all the cars sold in Vietnam last year. Vingroup dominates the real estate market in Vietnam with Vinhomes. It has joined the healthcare market with Vinmec, run a chain of supermarkets called Vinmart, and launched tourist Vinpearl resorts./. … [Read more...] about Vietnam introduces first locally-made cars in Paris
Paris real estate
Paris official seeks to outlaw Airbnb rentals in city centre
A Paris official wants to ban Airbnb to stop the city from becoming an "open-air museum" AFP/JEAN-PIERRE MULLER Ian Brossat told AFP that he would also seek to prohibit the purchase of secondary residences in Paris, saying such measures were necessary to keep the city from becoming an "open-air museum". "One residence out of every four no longer houses Parisians," said Brossat, who is expected to head the Communist party list for European Parliament elections next year. With some 60,000 apartments on offer in the city, Paris is the biggest market for Airbnb, which like other home-sharing platforms has come under increasing pressure from cities which claim it drives up rents for locals. "Do we want Paris to be a city which the middle classes can afford, or do we want it to be a playground for Saudi or American billionaires?" he said. Brossat has had Airbnb and its rivals in his sights for years, and recently published a book assailing the US giant titled "Airbnb, or the Uberised … [Read more...] about Paris official seeks to outlaw Airbnb rentals in city centre
VinFast to exhibit cars at Paris Motor Show
Viet Nam News HÀ NỘI — Vingroup’s VinFast Manufacturing and Trading Company will debut its first two models of sport utility vehicle (SUV) and sedan at the Paris Motor Show, the world’s busiest automotive event, in Paris in October this year. The models, designed by Italian designer Pininfarina, feature ‘Vietnamese Identity - Italian Design - German Engineering - International Standards’. The two models were developed based on two designs, which were selected by Vietnamese consumers during a contest organised in October last year. Attending the Paris Motor show, VinFast wishes to gather more opinions on the cars before starting official sales in the Vietnamese market from September next year. VinFast is promoting world class cars which are manufactured at its modern facility in the Đình Vũ - Cát Hải economic zone in the northern port city of Hải Phòng. Besides these two models, VinFast is also rapidly … [Read more...] about VinFast to exhibit cars at Paris Motor Show
Hang Day Stadium set for $310m revamp
Director of Hanoi FC Do Quang Hien on Tuesday signed a contract worth 250 million euros (US$310 million) with French group Boyugues to improve and expand Hang Day Stadium. When construction work will begin or end was not announced. Hang Day Stadium will be rebuilt in the near future at a cost of 250 million euros (US$310 million). — File Photo The move aims to make Hanoi FC’s traditional home ground a more attractive destination for football fans. Hang Day, built in 1934, became the capital side’s home ground last year. The club previously called My Dinh Stadium home. In 2017, Hang Day was closed for improvements costing more than VNĐ10 billion ($448,000) to meet Asian Football Confederation standards. In the past, the 22,500-seat stadium was also the national team’s home ground. It also hosted clubs like The Cong, Hòa Phát Hanoi and Hanoi ACB. Currently, apart from Hanoi FC, Viettel and People’s Police also call Hang Day home. Boyugues is … [Read more...] about Hang Day Stadium set for $310m revamp
Vietnamese conglomerate FLC buys 24 planes from Airbus for launch of new airline
A Vietnamese corporation has signed a deal with Airbus to buy 24 airplanes for the launch of a new airline in 2019. The pact was struck on Monday in Paris during Party General Secretary Nguyen Phu Trong's official visit to France. FLC Group signed the memorandum of understanding with Airbus to buy the A321NEO airplanes for the upcoming Bamboo Airways. Bamboo Airways will use jets from a third party before deploying the 24 airplanes ordered from Airbus. The carrier will focus on connecting Vietnam to international markets, along with domestic destinations. Airbus Chief Commercial Officer Eric Schulz said the A321 is the frontrunner in the market’s mid-range segment, with the lowest operational costs. Airbus is proud to play an important role in developing the start-up carrier, he added. “We trust the A321NEO to be the optimum option for Bamboo Airways for its comfort, efficiency and capacity,” said Trinh Van Quyet, chairman of FLC Group. Launched … [Read more...] about Vietnamese conglomerate FLC buys 24 planes from Airbus for launch of new airline