but that's what vinfast is trying to do.se business, a subsidiary of the vingroup conglomerate and it's showing off its first ever designs at the paris motor show. our correspondent theo leggett has been finding out more. this is one of the freshest and newest cars at the paris motor show, the vinfast luxury sedan. and over here we have its big brother, the lux suv. these cars are built by vinfast, a start—up in vietnam, using chassis is built by bmw, and an austrian company is already involved, and the styling is from italy. here is the chief executive of the company. tell me, first of all, vinfast, where does it come from? so to understand vinfast you need to understand the group, it's the largest conglomerate in vietnam, whether it is real estate or retail, healthcare or hospitality, agriculture or education. it is in the lives of the vietnamese people. out of that conglomerates, vingroup, is born vinfast, the first domestic automobile company of vietnam. and initially you are planning to make about 300,000 cars a year an

tell me, first of all, vinfast, where does it come from?ast you need to understand the group, the largest conglomerate in vietnam, whether it is real estate or retail, healthcare or hospitality, agriculture or education. it is in the lives of the vietnamese people. 0ut the lives of the vietnamese people. out of that conglomerates, vingroup, is born vinfast, the first domestic automobile company of vietnam. and initially you are planning to make about 300,000 cars a year and sell them the vietnamese people. the capacity of the plan we have industrialised as 250,000 units per year on a industrialised as 250,000 units per yearona pre— industrialised as 250,000 units per year on a pre— ship basis. our initial focus is on vietnam. and what happens from there are? will you expand to a more international market? we made it clear yesterday at our introduction that our goal was to be a global round, with our vinfast brand in markets around the world. so we start in vietnam, we move through asean, and from there the rest of the story will be created.

motor show our roving reporter strikes up a conversation with the man driving vietnam's carmaker vinfast. the financial markets, the sharemarket in asia, some of them have hit lows. japan down over 1% as the concerned over at trade wars in china continued to worry investors. trouble in paradise. the world bank and the international monetary fund are in the resort of bali, indonesia, to present their global economic outlook. the mood is one of trepidation, as threats to the global economy that once felt remote are now becoming more real. the imf‘s world economic outlook report predicts global growth will be less bright for this year and for next, falling to 3.7%, down 0.2% on earlier predictions.

motor show our roving reporter strikes up a conversation with the man driving vietnam's carmaker vinfastem have hit lows. japan down over i% as the concerned over at trade wars in china continued to worry investors.