Vietnamese electric vehicle (EV) manufacturer VinFast has launched a hiring campaign in India, targeting individuals who possess the qualities of boldness, innovation, and perseverance, according to a LinkedIn advertisement. VinFast, which recently experienced a significant drop in its market value since its initial public offering (IPO) on Wall Street, aims to expand its operations to several countries, including India. However, specific details and a timeline for the expansion have yet to be disclosed.
The LinkedIn post reveals that VinFast is seeking applicants for positions in sales, legal services, and back-office operations, among others. Currently valued at approximately $39 billion, the company, founded and predominantly controlled by Pham Nhat Vuong, Vietnam’s wealthiest individual and the creator of parent conglomerate Vingroup, intends to establish an office in Gurugram, a satellite city adjacent to New Delhi. The job listing emphasizes that multiple roles across various sectors of the automotive industry are available.
When questioned about the advertisement, VinFast stated that it is currently conducting market research and will release “official information” in the coming weeks. The ad also indicates that the company is searching for dealer managers, sales training managers, service quality control personnel, as well as professionals in legal, finance, and human resources. The ideal candidates must possess a minimum of three years of relevant experience, along with the personal traits of fearlessness and a willingness to face challenges. Furthermore, VinFast promises “attractive compensation” for successful applicants.
Should VinFast enter the Indian market, it will be venturing into an emerging sector currently dominated by native automotive giant Tata Motors. Furthermore, Tesla has expressed interest in establishing a presence in India and is currently in discussions with authorities in New Delhi regarding potential factory locations. While electric vehicle sales accounted for only 2% of total car sales in India in 2020, the Indian government has set a goal of reaching a 30% EV market share by 2030. To encourage EV manufacturers to invest in local production, the government is working on a new initiative to offer lower import taxes, as reported by Reuters last month.
In addition to its expansion efforts in India, VinFast also announced plans to invest $1.2 billion in Indonesia for the purpose of selling vehicles and constructing a factory there, according to a recent filing with U.S. regulators.
Sources:
– Advertisement details provided on LinkedIn
– Press statement by VinFast, received via email from the company’s spokesperson