VinFast is owned by a billionaire worth $9.1 billion and is also eyeing expansion into Europe and Russia.
VinFast’s most powerful LUX variant yet trades four-pot turbo for a good ‘ol 6.2-liter V8 engine.
Production on the two new models is scheduled to commence in the middle of 2019.
The upcoming models are also slated to have a BMW-sourced turbocharged 2.0-liter engine.
The company will put Vietnam on the map as a car manufacturing country at next month’s Paris Auto Show.
Italdesign has won a public design contest for two city cars to be produced in Vietnam.