The Vietnamese start-up presented its Lux SA SUV (above) and Lux A large sedan, aimed for production within 12 months and initially for the local market.
There are more than 10 Australians among its 700 multinational staff and the new factory at Hai Phong eventually will have annual capacity of 250,000 vehicles. There are export plans for left and right-hand drive models.
A wealthy Vietnamese entrepreneur, keen to establish a homeland car industry, is reportedly investing up to $3.5 billion in VinFast.
Via a licensing deal with BMW, the sedan and SUV use core technology from the previous 5 Series and X5. Renowned Italian outfit Pininfarina did the exterior and interior design.