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

Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans by walrus01 on Monday December 09, 2019 @07:01PM (#21748134)

Even if this fails spectacularly, if he really spends $2bn it could have an effect globally on increased demand/manufacturing, and lower prices in $ per kWh for good quality lithium ion batteries.

I may be wrong on this, but as I recall, Vietnam's domestic auto industry exists because they have escalating high tariffs on foreign manufactured cars with certain engine sizes (eg: 35% tariff on foreign made 4 cyl 1.6 L, 40% or more on 2.4L and larger engines, 50% tariff on things with 3.5 to 5L engines). Similar to China.

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Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans by latchkey on Tuesday December 10, 2019 @02:43AM (#21750488)

It isn't just the size of the engine, but also type of car. When you get into the lambo territory, it is 300% markup.

That said, there is so much insane wealth in Vietnam now, it doesn't matter. You see them all over Saigon.

(I've lived in Vietnam going on 4 years now)

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