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Automobiles

Vingroup leans on government and ride-hailer to boost auto sales

Vietnam conglomerate also eyes foreign markets to achieve ambitious targets

Fadil hatchbacks began rolling off the assembly line at VinFast's $3.5 billion factory in June.   © Reuters

HANOI -- Vingroup, the ambitious Vietnamese conglomerate that recently added an automaker to its portfolio of companies, is giving the government a sales pitch while offering incentives to ride-hailing drivers looking to buy a new car.

VinFast began delivering vehicles to customers in June, two years after the company was founded. The company said it had received more than 10,000 orders from individual drivers before cars started rolling off its assembly line.

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