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Asia300

Meet VinFast, the world's newest automaker -- from Vietnam

Country's real estate king has designs on exporting cars to the US, EU

Vingroup holds a groundbreaking ceremony for a new auto production plant in the northern port city of Haiphong on Sept. 2.
ATSUSHI TOMIYAMA, Nikkei staff writer

HANOI -- Vietnam's largest real estate developer is getting into the automaking business.

Vingroup plans to produce 500,000 vehicles in the country by 2025, the company announced Saturday.

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