Việt Nam News

Car maker VinFast to expand dealership network to Laos

June 29, 2021 - 12:12

Phongsubthavy Group of Laos would be an exclusive distributor of Vietnamese car maker VinFast under a memorandum of understanding signed on Monday.

General Secretary of the Communist Party of Việt Nam (CPV) Central Committee Nguyễn Phú Trọng and General Secretary of the Lao People’s Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith, who has been on an official visit to Việt Nam, witnessed the signing of the document. — VNA/VNS Photo

HÀ NỘI — Phongsubthavy Group of Laos will be the exclusive distributor of Vietnamese cars VinFast under a memorandum of understanding signed on Monday.

Phongsubthavy wants to establish a system of VinFast dealerships in Laos to diversify car supplies in the country.

VinFast said that Phongsubthavy would become its priority partner in Laos if the group satisfies conditions and standards regarding finance, personnel, sales and investment prospects.

Phongsavath Senaphuan, Chairman of Phongsubthavy, said his group had chosen VinFast because of its incredible growth, adding VinFast had created the first Vietnamese car brand in the international market.

Hoàng Chí Trung, General Director of VinFast, expressed his hope that through the cooperation with Phongsubthavy, more people would possess and experience Vietnamese cars.

As one of the leading groups in Laos, Phongsubthavy is operating in construction, real estate, energy and trade. It has also co-operated with Việt Nam Electricity (EVN) to export electricity to Việt Nam. — VNS

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