Vietnam is coming up with its own car, and plans for the “national car” is already underway. According to Reuters, Vingroup, the country’s leading property developer, has kickstarted the construction of the car factory in a project worth US$1-1.5 billion in the first phase. Vingroup’s construction brand Vinfast has signed an MoU with Credit Suisse for the bank extend $800 million in financing. The 335-hectare factory is located in Haiphong, a northern city | Paultan.org