Vo Quang Hue, Deputy General Director of Vingroup (front, right), and Pham Thai Lai, Chairman and General Director of Siemens Vietnam (front, left), at the contract signing ceremony (Source: Vingroup)
 
Hanoi (VNA) – Vinfast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, has signed two contracts on the supply of technology and spare parts for electric bus manufacturing with Siemens Vietnam Company.

They are key deals to begin the process of building a value chain for eco-friendly public transportation vehicles manufacturing.

The first line of electric buses is expected to debut in late 2019.

Vinfast is also developing other eco-friendly personal vehicles such as electric motorbikes and automobiles, and autos (sedan, SUV) that run on petrol meeting Euro 5 emission standards.

Vo Quang Hue, Deputy General Director of Vingroup in charge of Vinfast project, said the deals reflect Vinfast’s commitment to churning out safe, convenient and high-quality electric buses for a green future of the Vietnamese people, adding that it will be a pioneering solution to changing public transportation in the country.

Nearly one year since its establishment, Vinfast has completed a series of important agreements with international partners to materialise its vision.

Earlier, Vingroup also chose Siemens as a partner for the supply of technological solutions to building digital enterprises, build a system to monitor vehicles’ life cycle and operate Vinfast factory amidst the fourth industrial revolution.-VNA