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Vietnam car with BMW tech takes on Japanese rivals

Vingroup plant a milestone in government-backed quest for homegrown auto sector

Workers at an assembly line at the Vinfast auto plant in Haiphong city, Vietnam, on June 14.   © Reuters

HANOI -- Leading Vietnamese conglomerate Vingroup is chasing an ambitious goal of building half a million vehicles a year, after opening a new automobile factory Friday against all expectations.

But the true challenge lies ahead as homegrown cars hit the Vietnamese market for the first time, taking on more-established rivals from Japan and elsewhere.

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