Vietnamese dude made one of the biggest bets ever ($2 billion) on the auto race

[theking]

The auto industry continues to get new comers to join the race.. :

Vietnam’s Richest Man Bets $2 Billion to Sell Cars to Americans

The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.

Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative American market in 2021 that he’s plowing as much as $2 billion of his own fortune to reach that goal. His cash would account for half the capital investment of VinFast, which began delivering cars to Vietnamese consumers with BMW-licensed engines earlier this year and aims to expand into electric vehicles.

“Our ultimate goal is to create an international brand,” the 51-year-old tycoon said in an interview at the Hanoi headquarters of the car company’s parent Vingroup JSC, which Vuong founded and holds the title of chairman. “It will be a very difficult road and we will have to put in a lot of effort. But there’s only one road ahead.”

The homegrown cars made under Vuong’s sprawling real estate-to-hospitals conglomerate faces an uphill battle to succeed overseas. Carmakers such as India’s Tata Motors Ltd. and Malaysia’s Proton Holdings Bhd. struggled to win over consumers away from their home turf. Even in Vietnam, VinFast Trading and Production LLC has formidable competition from established foreign players such as Toyota, Ford Motor Co. and Hyundai.

Shares of Vingroup fell as much as 2% Tuesday. The benchmark VN Index of Vietnamese stocks dropped 0.6%.

[DuMa]

That's 2billion that idiot is going to lose.

First off, let's talk about the pricing.  Can you beat Tesla's entry level vehicle?
2nd - the USA market is more loyal to hondas n toyotas so why should we buy your vina logo vehicle?

3rd n last but not least, how are you a billionaire in a commie country?  To get there, you will need to screw a lot of people and have ties with corrupted commie officials to come up.  You selling your hoe chi Minh cars in America and let's see which Saigon pride viets are going to help support you.  We will disown your azz too.  I don't wouldn't be surprised if your vehicle will get vandalized and burnt.   

I'm just saying. 

[DuMa]

I don't know dude so these are not the actual facts but all speculations plus we are allowed to talk funny around here. 

who is this guy?

Phạm Nhật Vượng is a Vietnamese property developer

If I had his status, this is how I am going to come up.  With the help of the commie government, I am going to steal or take some land from the common people and resell it to the Chinese.  The chinese will buy any investment properties cuz the latest craze is to invest oversea and in this stance, the south east asian belt.  Are the chinese really helping out a nation by creating jobs or are they plotting something sinister here? 

All I can speculate is that them chinese are all over this world.  They got china town to chinese food all over this planet.  I think they are more about trying to steal or gain land on the down low and take over one's nation in the "backdoor" ways.  Like for example, my former college roomie is a malaysian.  He said the chinese in malay are big in business over there.  If you go to malaysia right now, do expect to see and hear chinese and lots of it.  They may call themselves malay but they are not the dark indigenous people of malay but chinese orgin living in malay. 

Now here we see in them developed areas northern vietnam to laos to thailand to cambodia, you will still see them chinese.  They made deals with them southeast countries to develop manufacturers to casinos to other skyscraper tall businesses.  Chinese investor owned but they hire the locals there.  Now check this out.  When the chinese tourists would go there, instead of eating the local laos to thai to cambo dishes, they would support their own chinese run restaurants to businesses.  This would leave the local businesses who were the original and were there first out of this so called lucrative businesses.  When chinese go to thailand on a tour, the flight is dirt cheap but the tour guides will take those tourist to other chinese establishments so where is the tourism dollars are going to? 

To make matters worse, the locals are starting to teach their own kids chinese due to the competitive local market at play.  If you don't know chinese, the future is not going to look mighty to you because the business of the future will be done with the chinese.  This will results in a culture lost and this is sad.  Local businesses are force to make their businesses to look more like a china town to welcome these chinese tourists. 

The chinese are going global I'm telling you.  "One belt, one road" is their push.  They are planning to create a super highway stretching from china, all the way down to whatever that is south of them. 

reference:  https://www.youtube.com/watch?v=9CeYy5G9bDg





 

[theking]

All I can speculate is that them chinese are all over this world.  They got china town to chinese food all over this planet.

True for the most part based on my travel experiences... oversea and domestic...

[DuMa]

True for the most part based on my travel experiences... oversea and domestic...

In vietnam, we got the americans going to war with vietnam.  Vietnam also has that 1979 war up north with the chinese.   

One would of thought, well wouldn't them americans would help built up another man's country after the war?  Nope.   

The new industrial revolution look to these southeast asian countries are built with deals by them chinese.  They call it the ASEAN treaty or something like that where 10 nearby nations are joining forces to help built up one's economy and making a pack to bring peace to that region of the world.  What happened during the vietnam war?  Commie china trying to infiltrate vietnam by going through the back mountain route of laos and thailand but the americans got the help from the hmongs to help support to push them back right?  Well this new super highway that is already building smells like that back road.  It will help to bring more chinese stuff down south of china, all the way to malaysia.  I don't know about you but if you add a little bit of dye coloring to your swimming pool, over time, that dye will eat up your pool. 

I don't know how I feel about this either.  On one end, the starving people need jobs and a growing economy but on the other hand, giving chinese influences may wash out one's culture in the long run. 

This talk soup is not to say that all chinese are sinister.  There are good chinese people out there too.  It just what is happening in today's world and the clever ways that the mother ship chinese, the commie chinese are gaining power and land in the most clever ways ever.  Like in vietnam, them islands belong to the vietnam people and they wanted it too.  Big bank takes little bank kind of a thing so commie vietnam is the cousin of the commie chinese bigger brother so once again, you the southern vietnamese who are fighting their war to keep their land and culture while the northern vietnamese folks are not critical thinking folks and just go along with what the chinese tells them to do.  As long as the chinese money is good to them, they are full themselves. 

end rant   

[DuMa]

You know back in them old days, to colonize, one would get your troops and weapons and we go to war.  Now, we are doing it with money and business. 

come shake my commie hand and let me build factories and businesses in your commie state country.  Oh, here's some corrupted money on the side for your commie family. 

So you see, commie doing business with other commie state.  It fits like a glove.  You can't get the USA to do the same thing because the USA is more interest in human rights.  He has no interest in going into a commie country and help support while his bigger brother, the commie chinese would harvest everything anyway. 

They build this superhighway but to do so, it has to cross through countries.  Now to built it, where do you think the money is coming from?  China has money.  He will lend you the money to built his own super highway so this highway was built going into laos.  Now laos is in debt with them chinese.  China got you good.  Thailand knows this so thai government be like, no thanks.  We don't need to stretch that super highway through my country and for us to be in debt with you as well. 

Chinese wants to build this direct road from china, all the way to malaysia for a reason.  If they can accomplish this, they don't need the usa for trading anymore.  In other words, trump can't put sanction on them no more.  They can take their business elsewhere. 

So china puts business in laos, vietnam and thailand.  Where do you think the money is going to?   sure it pays the local employees and they are happy cuz they got jobs but most of the money goes back to China. 

China gonna check mate this whole south east asia area they calling it ASEAM .   

[DuMa]

So what stance do the United States have with the ASEAN project? 

"ASEAN matters to the United States, today and in the future. That it may take a narrow approach to its effectiveness and engagement should not be dismissed as criticism. The United States is never likely to meaningfully and persistently support the “ASEAN project” as a constructivist dream. It will not sublimate its own interests in the cause of hewing to ASEAN’s leadership or processes. The United States will continue to press its interests directly. That it does so, however, even at the discomfort of ASEAN, is a good thing. It is a testament to ASEAN’s centrality and continued relevance to American policy makers."

https://asiasociety.org/policy-institute/does-asean-matter

[DuMa]

Here goes the map of these 10 nations in ASEAN. 

Would you look at how big Myanmar aka Burma is?   Some of us don't even know what that country is.  Look like curry people?  Nah, they look asian to me.  Met my first burmanese girl in college and that is how I realized that such country existed.