Final Report Im7 - International Marketing - Vinfast
Final Report Im7 - International Marketing - Vinfast
Final Report Im7 - International Marketing - Vinfast
FINAL REPORT
Subject: International Marketing
Lecturer: Phạm Quốc Luyến
Group: IM-7
Class: 20D1KQ-NT05
Member:
Nguyễn Thị Viết Trinh – 195041040
Nguyễn Ngọc Tuấn – 205044931
Đỗ Văn Hoàng – 205043591
Trần Duy Minh Anh- 205023935
Nguyễn Thị Tình – 205084797
Trần Trọng Nhân – 205220894
Nguyễn Thị Phương Nhi - 205220895
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Table Of Contents
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A.CULTURAL ANALYSIS
I.Introduction:
United Kingdom
United Kingdom, island country located off the northwestern coast of mainland
Europe. The United Kingdom comprises the whole of the island of Great
Britain—which contains England, Wales, and Scotland—as well as the northern
portion of the island of Ireland. The name Britain is sometimes used to refer to
the United Kingdom as a whole. The capital is London, which is among the
world’s leading commercial, financial, and cultural centers. Other major cities
include Birmingham, Liverpool, and Manchester in England, Belfast and
Londonderry in Northern Ireland, Edinburgh and Glasgow in Scotland, and
Swansea and Cardiff in Wales.
VINFAST
VinFast is a subsidiary of Vingroup - the largest private enterprise in Vietnam.
VinFast is connected from a series of abbreviations of the words: Vietnam -
Style - Safety - Creativity - Pioneer with the meaning of honoring Vietnamese
brand cars. On September 2, 2017, Vingroup started construction of the
VINFAST automobile production complex project at Dinh Vu - Cat Hai
economic zone (Hai Phong). With European and American standard technology,
and a team of leading experts in the world, VINFAST opens up a new future for
the motor industry in Vietnam; officially launched the 7th core business of
Vingroup.
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products and officially opened for sale 2 electric SUVs of class D and E at the
event. VinFast Global EV Day in early January 2022.
VinFast VF 8 - the new name of the VinFast VF e35 electric car series was first
introduced at the Los Angeles Auto Show 2021 and announced to be officially
open for sale globally on January 6, 2022 within the framework of the Vietnam
Exhibition. Consumer Electronics Show CES 2022 (Las Vegas, USA). This is a
mid-size D-class electric SUV manufactured by VinFast, marking a new step in
the strategy of becoming a pure electric car company from the end of 2022.
VinFast has cooperated with a series of well-known international partners in the
fields of vehicle design (Pininfarina), battery production (Prologium - Taiwan;
Storedot - Israel;...), digital technology development (Cerence - Taiwan).
America;...) and technology companies of Vingroup such as VinAI,
VinBigData,... to bring a world-class smart, modern and luxurious electric car.
VinFast has "introduced" 2 Eco and Plus versions of VF 8 which are similar in
size and safety technology but have differences in battery system, engine and
vehicle amenities. In addition, the mid-sized SUV model has an upgrade in the
engine system as well as driver assistance technology and intelligent features
compared to the VF e34 and previous gasoline models to meet the needs of
Vietnamese customers South and abroad.
Since its launch, the VinFast VF 8 D-class electric SUV with 2 versions of Eco
and Plus has created a fever in the domestic and international markets.In
particular, VinFast VF8 Eco is a low-end version aimed at customers who want
to experience something new on an electric vehicle, but financial conditions are
not too comfortable. VinFast VF8 will be a fierce competitor of Hyundai Santa
Fe, KIA Sorento or Mazda CX-8… in the domestic market.
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*Milestones in history:
43-409: Roman occupation
450: Norse invasion and formation of Anglo-Saxon Kingdoms
597: Beginning of the Christian invasion
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789: Beginning of the Crusades Viking attack 1017-1042: Reign of the Danish
Vikings
1066: Normans invade, introduce French into English nobility
1337: The Hundred Years' War between England and France begins
1547: Protestantism becomes the National Religion in England
1707: Acts of Unification of England and Scotland 1760-1830: Industrial
Revolution in England 1775-1783 : Failure in the American Colonial War 1800:
British and Northern Irish Union Act
1947: With India and Pakistan gaining independence, the British Empire begins
to break down
1973: Britain joins the EEC (now known as the EEC) European Union-EU)
1.Geographical location:
- Location: The island nation is located in Western Europe, between the
North Atlantic Ocean and the North Sea.
- Total area: 243,610km2 (land area 241,930km2; sea area 1,680km2)
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2.Climate:
The UK has a temperate climate, with abundant rainfall year-round.
Temperatures vary with the seasons, but rarely drop below 0⁰C or rise above
32ºCC. Winters in the UK are made warmer by the North Atlantic Current.
Summers in the UK are the hottest in the southeast of England, due to the
region's proximity to mainland Europe, while the north is cooler. In the UK, it
usually snows in winter and early spring. The weather is driest in the east and
warmest in the south.
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3.Topography:
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1.Family:
a)The nuclear family:
There were about 8.2 million families with children in the UK in 2021, the
study found. Sixty-three percent were married couples, 14% were cohabiting
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Marriage, for example, is much less common, the proportion of married mothers
fell by 15 percentage points over 25 years, to 62 per cent in 2015/16, while the
share of cohabiting mothers almost trebled to 14 per cent.
2.Education:
a) The role of education in society:
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In the UK, all children between the ages of 5 and 16 must attend school, either
public or private. Initially a kindergarten, a primary school, then a secondary
school, also known as a mixed high school, with many different programs and
learning times. Children between the ages of 7 and 13 attend boarding schools,
or middle schools, and move on to high school when they are 11 to 13 years old.
Students will take a variety of subjects to prepare for. exam for the Certificate of
Secondary Education (GCSE) or Scottish Standard Grade certificate at the age
of 16. After finishing these courses, students can continue to study for an A-
level (A-level) certificate, study pre-university or study for 2 years (optional) at
schools in the direction of vocational training arts or so-called "6th form"
schools before entering college.
There are more than 20,000 postgraduate training courses in the UK in a wide
range of subjects, courses are usually short in duration, from nine months to two
years. Master of Principles (Mphil), Master of Social Sciences (MA) and
Research Science (MSc) programs can last from 1 to 3 years. A PhD is a
research program of 3 years or more.
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b) Literacy rates:
The UK's high literacy rate (99%) is due to the introduction of universal public
education to primary school in 1870 and secondary school in 1900. Around one
in five UK students attend school. post-secondary education. The Church of
England and the Church of Scotland function as respective National Churches in
their respective countries.
3.Political system :
a) Political structure :
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c) Stability of government :
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In the context of a stagnant economy and rising inflation in the UK; the cost of
living crisis puts millions at risk of poverty this winter, and the possibility of a
bad trade war with the European Union (EU) has been Mr. Johnson's credibility
outside of parliament also seriously diminished.
British Prime Minister Boris Johnson was finally forced to resign on July 7 after
more than 50 Conservative members left the government to protest his
leadership.
After a 7-week race with 12 campaign rounds, on September 6, the UK will
officially have the 56th prime minister and the 3rd female prime minister in
history. With a predicted victory, Ms. Liz Truss is carrying on her shoulders
many expectations of the UK people, who are tired of the economic crisis in the
country at this time.
d) Special taxes :
4.Legal system :
a) Organization of the judiciary system
England and Wales share a unified court system, based on common law
principles, which originated in medieval England. Scotland and Northern
Ireland each have their own judicial systems. The court system in Northern
Ireland closely resembles that of England and Wales, while the Scottish court
system is a hybrid model that combines elements of both common law and civil
law systems.
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In England and Wales, most civil cases are heard in the County Court. Many
specialist tribunals have been created to resolve particular types of civil
disputes, such as those involving taxation and employment, as well as
immigration and asylum cases. All criminal cases originate in the Magistrates'
Court, but more serious offenses are referred to the Crown Court.
The High Court functions as both a court of first instance for high value civil
claims and as an appellate court for civil and criminal cases. It consists of three
divisions: the Queen's Bench, the Chancery Division, and the Family Division.
The Court of Appeal functions solely as an appellate chamber. The Civil
Division hears appeals from the High Court and the County Court, and the
Criminal Division hears appeals from the Crown Court.
b) Code, common, socialist, or Islamic-law country?
There are 33 distinct legal jurisdictions in the United Kingdom: England and
Wales, Northern Ireland and Scotland. Each has its own legal system, distinct
history and origins.
There is a substantial overlap between these three legal systems and the three
legal jurisdictions of the United Kingdom: England and Wales, Scotland, and
Northern Ireland. Unlike the other three, Welsh law is not a separate legal
system per se, merely the primary and secondary legislation generated by the
Senedd, interpreted in accordance with the doctrines of English law and not
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impacting upon English common law (except where such Welsh legislation
ousts a common law rule by virtue of being a superior form of law).
The UK does not have a single legal system because it was created by the
political union of previously independent countries. Article 19 of the Treaty of
Union, put into effect by the Acts of Union in 1707, created the Kingdom of
Great Britain but guaranteed the continued existence of Scotland's and
England's separate legal systems. The Acts of Union of 1800, which joined
Great Britain and Ireland into the United Kingdom of Great Britain and Ireland,
contained no equivalent provisions but preserved the principle of different
courts to be held in Ireland, of which the part called Northern Ireland continues
to follow as part of the United Kingdom.
England and Wales operate a common law system which combines the passing
of legislation but also the creation of precedents through case law. The laws are
established by the passing of legislation by Parliament which consists of the
‘Monarch’, the House of Commons and the House of Lords. The House of
Commons is directly elected by the people and the Prime Minister is
traditionally a member of this House. The Court System and case law are
controlled by the judiciary which is completely separate to Parliament.
c) Participation in patents, trademarks, and other conventions
The UK legal system provides a high level of intellectual property rights (IPR)
protection and enforcement mechanisms. The UK is a member of the World
Intellectual Property Organization (WIPO). It is also a member of the major
intellectual property protection agreements: the Berne Convention for the
Protection of Literary and Artistic Works, the Paris Convention for the
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5. Social organizations:
a) Group behavior.
● Complaining
Brits love to complain. They will happily moan to one another about bad
weather and overpriced food. They’re not, however, as accomplished at
complaining when they have an actual problem with a product or receive poor
service. When they do, they do it in an apologetic way. You’ll find Brits are
polite even when they are actually complaining!
● Queuing
Brits across the UK will often be seen forming neat and tidy queues. Whether at
the supermarket, train station or a concert, they will be awaiting their turn at the
front. The worst mistake one can commit is queue-jumping – pushing ahead in
the line. This will always be met with disapproval from those who have been
waiting patiently.
● Being polite
Saying “please” and “thank you” are two important things to always remember
in British etiquette. It doesn’t matter who you’re speaking to, politeness and
good manners are always welcome.
● Table manners
Table manners vary all over the world. From slurping to burping, each country
has different ideas about how one should act during a meal. Although formal
occasions have their own rules, you should remember to eat at a relaxed pace,
put your cutlery down between bites and never talk with your mouth full.
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of the population. They make up just 0.8% of the population in Scotland and in
Northern Ireland there are less than 2,000 Muslims. While these numbers are
small, they grew 10 times faster than the population between 2001-2009.
● Other religions:
About 3% of the population practices some other religion not listed above.
These religions include Hinduism, Buddhism, Judaism, Sikhism and the Baha'i
Faith. Indian and Eastern religions in the UK are growing in size as immigrants
continue to arrive from English-speaking areas, particularly former British
colonies, in South and East Asia.
2.Aesthetics
a) Visual arts (fine arts, plastics, graphics, public art, colors, etc.)
The Art of the United Kingdom refers to all forms of visual art in or associated
with the United Kingdom since the formation of the Kingdom of Great Britain
in 1707 and encompasses English art, Scottish art, Welsh art and Irish art, and
forms part of Western art history.
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Early 18th century, Britain began to reclaim the leading place England had
previously played in European art during the Middle Ages, being especially
strong in portraiture and landscape art. Increased British prosperity at the time
led to a greatly increased production of both fine art and the decorative arts, the
latter often being exported. There are many famous painters: Thomas Hudson,
William Hogarth, Godfrey Kneller,... With many famous portraits:
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Late 18th century, English art from about 1750–1790 — today referred to as the
"classical age" of English painting — was dominated by Sir Joshua Reynolds
(1723–1792), George Stubbs (1724–1806), Thomas Gainsborough (1727–1788)
and Joseph Wright of Derby (1734–1797).
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The 19th century and the Romantics, characterized by the Romantic movement
in British art includes Joseph Wright of Derby, James Ward, Samuel Palmer,
Richard Parkes Bonington, John Martin and was perhaps the most radical period
in British art, also producing William Blake (1757–1827), John Constable
(1776–1837) and J.M.W. Turner (1775–1851), the later two being arguably the
most internationally influential of all British artists.
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The 20th century, the American John Singer Sargent was the most successful
London portraitist at the start of the 20th century, with John Lavery, Augustus
John and William Orpen rising figures. John's sister Gwen John lived in France,
and her intimate portraits were relatively little appreciated until decades after
her death. British attitudes to modern art were "polarized" at the end of the 19th
century.Modernist movements were both cherished and vilified by artists and
critics; Impressionism was initially regarded by "many conservative critics" as a
"subversive foreign influence", but became "fully assimilated" into British art
during the early-20th century.The Irish artist Jack Butler Yeats (1871–1957),
was based in Dublin, at once a romantic painter, a symbolist and an
expressionist.
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American folk music, American march music, old-time music, ragtime, blues,
country music, and bluegrass. The UK has birthed many popular music genres
such as beat music, power pop, psychedelic music, progressive rock and
progressive pop, heavy metal, new wave, and electropop to name a few.
● Classical Music
Music in the British Isles, from the earliest recorded times until the Baroque and
the rise of recognisably modern classical music, was a diverse and rich culture,
including sacred and secular music and ranging from the popular to the elite.
Each of the major nations of England, Ireland, Scotland and Wales retained
unique forms of music and of instrumentation, but British music was highly
influenced by continental developments, while British composers made an
important contribution to many of the major movements in early music in
Europe, including the polyphony of the Ars Nova and laid some of the
foundations of later national and international classical music.Musicians from
the British Isles also developed some distinctive forms of music, including
Celtic chant, the Contenance Angloise, the rota, polyphonic votive antiphons
and the carol in the medieval era.
Church music and religious music were profoundly affected by the Protestant
Reformation which affected Britain from the 16th century, which curtailed
events associated with British music and forced the development of distinctive
national music, worship and belief. English madrigals, lute ayres and masques
in the Renaissance era led particularly to English language opera developed in
the early Baroque period of the later seventeenth century.In contrast, court
music of the kingdoms of England, Scotland and Ireland, although having
unique elements remained much more integrated into wider European culture.
British chamber and orchestral music drew inspiration from continental Europe
as it developed into modern classical music. The Baroque era in British music
can be seen as one of an interaction of national and international trends,
sometimes absorbing continental fashions and practices and sometimes
attempting, as in the creation of ballad opera, to produce an indigenous
tradition. Such composers as Arthur Sullivan, Gustav Holst, Edward Elgar,
Hubert Parry, Ralph Vaughan Williams, Benjamin Britten,Michael Tippett,
Peter Maxwell Davies and Harrison Birtwistle.
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● Folk music
Each of the four countries of the United Kingdom has its own diverse and
distinctive folk music forms. Folk music flourished until the era of
industrialisation when it began to be replaced by new forms of popular music,
including music hall and brass bands. Realization of this led to three folk
revivals, one in the late-19th century, one in the mid-20th century and one at the
start of the 21st century which keeps folk music as an important sub-culture
within society. England has a long and diverse history of folk music dating back
at least to the medieval period and including many forms of music, song and
dance. Ireland, including Northern Ireland, has vibrant folk traditions. The
popularity of traditional instruments such as fiddles has remained throughout
the centuries even as analogues in Great Britain died out. Perhaps the most
famous modern musician from Northern Ireland influenced by folk tradition is
Van Morrison. Scottish folk music includes many kinds of songs, including
ballads and laments, sung by a single singer with accompaniment by bagpipes,
fiddles or harps. Traditional dances include waltzes, reels, strathspeys and jigs.
Wales is a Celtic country that features folk music played at twmpath (communal
dances) and gwyl werin (music festivals). Welsh music also includes male voice
choirs and songs accompanied by a harp.
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the Beatles and the Rolling Stones, whom among other British musicians led
rock and roll's transition into rock music.
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Adele Ed Sheeran
c) Drama, ballet, and other performing arts
● Drama
Dramatic art was developed as early as the 17th century in Great Britain.
William Shakespeare is a famous playwright of the world with works such as
Romeo and Juliet, Hamlet, Macbeth, …
● Ballet
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In the mid 19th century, the audience for ballet expanded rapidly as dancing
became an essential ingredient of popular entertainment and vaudeville. This
was the age of the humble, downtrodden ‘ballet girl’. But it was also the time of
feisty, creative women like Katti Lanner and Albina de Rhona, who
choreographed and directed ballets for an enormous audience of ordinary men
and women.
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● BREAKFAST
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● LUNCH
Sandwiches are also known as 'butty' or'sarnie' in some parts of the UK.
Many children at school and adults at work will have a "packed lunch".
This typically consists of a packet of crisps, a piece of fruit, and a drink.
● DINNER
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The most common joints are beef, lamb, or pork; chicken is also popular.
The gravy is poured over the meat and eaten with a hot white horseradish
sauce.
c) Malnutrition rates
Millions of people in the UK are at risk of the effects of malnutrition.
Malnutrition lengthens hospital stays, reduces quality of life and increases the
risk of developing other diseases. The cost of malnutrition in England alone was
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estimated to be £19.6 billion per year in 2011/12. The over-65s are more likely
than other groups to suffer from malnutrition. Reduced appetite and weight loss
have become regarded by some as a normal sign of getting older. COVID-19
will make many of these issues worse. That's why we joined the UK
Malnutrition Awareness and Prevention Network (MAPN).
d) Foods available
In terms of taste, British cuisine is not inferior to that of any other country in the
world. They always aim for simplicity and minimalism in each dish. Babartravel
can be listed as cheese, pies, casseroles, fried and pan-fried fish fillets. The two
main ingredients for the dish are usually fish and potatoes.
● Fish and chips - Traditional dish of British cuisine:
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2. Housing:
a) Types of housing available:
There are more than 25 million residential properties throughout the United
Kingdom. From detached homes and flats to bungalows and cottages, you have
a host of amazing options at your disposal. What are the advantages of specific
properties? What does each have in store? How will price come into play?
● Detached Houses: The median price for a detached house (at the time that
this article was written) is £242,286. Associated with a greater degree of
privacy when compared to other variants, these units are often ideal
solutions for those who have children. If you want to know the worth of
your property, feel free to use our online house valuation tool at your
disposal.
● Terraced Housing: These are some of the most well-known and iconic
housing types within the United Kingdom. Terraced houses are connected
by a single wall on either side; leading to a literal "row" of structures that
occupy a street. According to government figures compiled in January
2018, the average price for a terraced home is £194,167
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● Flats :Flats are one of the most well-known types of homes in the UK.
Often being offered as a series within a single building, flats are known
for their space-saving qualities and convenience. The average rental price
of a flat (taking into account both urban and rural locations) is
approximately £650.
● Converted Flats:Converted flats are often houses that have been split into
two sections; a top and bottom half. Large structures can be divided into
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● Split-Level Flats: Split-level flats are generally the same overall size as
their standard counterparts. This is because their area is segmented into
an upper and lower half. Some duplexes can cost as little as £70,000 to
purchase while others are listed at well over £350,000.
● Studio Flats: Studio flats are known for their open-air design and they are
often chosen by individuals or young couples. These flats offer a kitchen,
living room and bathroom with only a minimum number of walls
separating each section. The average rental cost of a one-bedroom studio
flat in the United Kingdom is currently £600.
● Cottages: Cottages are known for their sturdy construction, thick walls
and traditional atmosphere. They can be one or two storeys high and the
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White British households had a higher rate of home ownership than most ethnic
minority households in England and Wales, according to the Office for National
Statistics (ONS) from 2011 to 2014, with 68% of White British households
owning a home.White British households are more likely to be homeowners
than all ethnic minority households combined, according to the Office for
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3. Clothing:
a) National dress:
● Scottish National Dress: The kilt is one of the most famous national
costumes in the world. Some people consider it very bad luck to wear a
kilt in a tartan that does not belong to your family. Just to remind should
you visit Scotland - the men do not wear skirts - they wear kilts.
● Gentlemen: In the 18th Century, men wore stockings with garter flashes,
brogue shoes, a sporran and a bonnet to show their clan crest. Today
traditional dress for men in Scotland is a kilt with shirt, waistcoat and
jacket, tweed jacket and stockings. A bonnet is often worn displaying the
clan crest when it comes to women.
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● Ladies: In the Scottish Highlands, men wear kilts and women wear
dresses or pleated skirts with a light plaid or shawl of tartan material to
show they are part of the Highland clans.
● Welsh National Dress: Welsh National dress is relatively young and not
as famous as Scottish National dress. Still they do have a National
costume, but it's the way the ladies dress that is most well known. The
typical Welsh costume consists of a hat, made of black felt, with a high
crown and wide brim.
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● Irish National Dress:With the revival of Irish dancing, the traditional Irish
costume has become associated with the bright flamboyant costumes
worn by traditional Irish dancers. In ancient Ireland people were more
likely to be seen wearing 'leine' (Irish for shirt), trews and long cloaks
fastened with a brooch.
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5. Social security:
Through the payment of benefits, pensions, and tax credits, governments have
attempted to pursue multiple goals at the same time, sometimes overlapping,
sometimes conflicting. Government objectives have included:
- Poverty alleviation
- Income maintenance and replacement
- Income redistribution
- Aadditional costs (such as for disabilities and childcare)
- Compensation
Governments have also pursued broader economic and social goals through the
social security system, such as encouraging labor-force participation, providing
income stability and economic stimulus during downturns, and changing
behaviors.
6. Healthcare
The National Health Service or NHS was founded in 1946 and enacted in 1948.
Established under the principles of universality, free delivery, equity, and
central funding. It is one of the largest public health systems in the world
serving an average of 1 million people every 36 hours.
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● British National Health Service: The NHS was ranked number one on a
list of things that make people proud to be British – even beating out the
Queen! Part of this pride and emotional connection comes from the fact
that the NHS was founded just after World War II, when Britain was still
struggling economically.
● Costs of the UK Healthcare System: The NHS is supported by taxation.
The NHS receives about 18% of each person's income tax. This amounts
to approximately 4.5% of the average person's income. Nationally,
healthcare consumes 8.4% of the UK's gross domestic product.
VII. Language:
1. Official language:
English: 92.02%
Poland: 1.04%
Punjabi: 0.53%
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Urdu: 0.52%
Bengali 0.42%
Gujarati: 0.42%
Arabic : 0.3%
Welsh : 0.02%
Other : 4.44%
2. Spoken versus written language:
Spoken language uses tone and pitch to improve understanding, while written
language uses layout and punctuation. Writing communicates across time and
space for as long as the medium exists and that particular language is
understood. Because written language is more complex, it requires punctuation,
which has no equivalent in spoken language.
3. Dialects
The earliest languages still spoken in the United Kingdom are two
forms of the Celtic language family: Goidelic (Irish, Manx, and
Scottish Gaelic) and Brythonic (Old Cornish and modern Welsh).
Despite ongoing restoration efforts, the Celtic language has always
been a minority language around the world.
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Man's population.
- The last Cornish people died in the 18th century.
#:~:text=The%20de%20facto%20official%20language,over%20th
e%20age%20of%20three
https://www.thoughtco.com/standard-british-english-1692136
https://www.ibisworld.com/uk/bed/total-meat-consumption/44069/
https://inews.co.uk/news/health/uk-vegetable-consumption-
veganism-plant-based-austerity-450569
https://www.google.com/imgres?imgurl=https%3A%2F%2Fcdn.st
atcdn.com%2FStatistic%2F1280000%2F1280510-blank-
754.png&imgrefurl=https%3A%2F%2Fwww.statista.com%2Fstati
stics%2F1280510%2Fvegetable-consumption-frequency-
uk%2F&tbnid=Ootn2MHWqA41iM&vet=12ahUKEwi4-
8KwrN36AhUIgJQKHWs8ARYQMygAegUIARC0AQ..i&docid=
sNtwEblYGO9gfM&w=754&h=560&q=vegetable%20consumptio
n%20rates%20in%20UK&ved=2ahUKEwi4-
8KwrN36AhUIgJQKHWs8ARYQMygAegUIARC0AQ
http://projectbritain.com/food/meals.htm
https://www.bda.uk.com/news-
campaigns/campaigns/malnutrition.html
https://www.propertypriceadvice.co.uk/moving-home/housing-
types-uk
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https://www.ethnicity-facts-
figures.service.gov.uk/housing/owning-and-renting/home-
ownership/latest#:~:text=63%25%20of%20households%20in%20
England%20were%20homeowners%20
https://www.ethnicity-facts-
figures.service.gov.uk/housing/owning-and-renting/home-
ownership/latest#:~:text=63%25%20of%20households%20in%20
England%20were%20homeowners%20
https://www.statista.com/statistics/961002/households-in-the-
united-kingdom-uk-by-type/
https://www.careeronestop.org/JobSearch/Plan/whats-in-
demand.aspx
https://www.statista.com/statistics/286204/recreation-and-culture-
share-of-household-spend-in-the-uk-by-disposable-income/
https://commonslibrary.parliament.uk/research-briefings/cbp-9535/
https://www.internationalinsurance.com/health/systems/uk.php
https://guides.ll.georgetown.edu/
https://en.wikipedia.org/wiki/Ethnic_groups_in_the_United_Kingd
om
https://en.wikipedia.org/wiki/Art_of_the_United_Kingdom
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B. ECONOMIC ANALYSIS
I. Introduction
The United Kingdom was the world's first industrialized country. Here, in the
mid-18th century, the "old" agricultural production-based economy gave way
for the first time to the development of factories. Inventions such as the steam
engine, the spinning machine, the locomotive and the railroad, and the improved
methods of steelmaking… marked the beginning of a modern industrial era.
Until now, due to many objective and subjective factors, the UK is no longer
leading, but overall it is still one of the top developed economies in the world.
Along with the US, Japan, Canada, Germany, France, Italy and Russia, the UK
is one of the world's top eight industrialized nations (G8).
Following the general trend of the world, the exploitation and use of renewable
and environmentally friendly energy sources are increasingly encouraged by the
UK government, so far, the UK has gradually turned to use more than other
energy sources such as natural gas (providing nearly 40% of the country's
electricity), nuclear power (nearly 20% of electricity output)... Atomic power
plants are located in remote coastal regions of the Northeast, along the southern
coast, East Anglia and the Bristol Channel.
II. Population
1. Total
As of 31 December 2021, the UK population is estimated at 68,353,709
2. DISTRIBUTION OF POPULATIONAGE
2.1 AGE
Population Pyramid
A population pyramid illustrates the age and sex structure of a country's
population and may provide insights about political and social stability, as well
as economic development. The population is distributed along the horizontal
axis, with males shown on the left and females on the right. The male and
female populations are broken down into 5-year age groups represented as
horizontal bars along the vertical axis, with the youngest age groups at the
bottom and the oldest at the top. The shape of the population pyramid gradually
evolves over time based on fertility, mortality, and international migration
trends.
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between economic migrants, refugees, and other types of migrants nor does it
distinguish between lawful migrants and undocumented migrants.
In the year ending June 2021:
573,000 people migrated into the UK and 334,000 people emigrated from it,
leaving net migration of 239,000 people. This represents the balance of long-
term migrants moving in and out of the country.
The number of people migrating to the UK has been greater than the number
emigrating in each year since 1994. Prior to that point, immigration and
emigration were roughly in balance, with net migration slightly decreasing the
population in most years. Over the last twenty-five years, both immigration and
emigration have increased to historically high levels, with immigration
exceeding emigration by more than 100,000 in every year between 1998 and
2020.
There was considerably less migration during the Covid-19 pandemic than in
previous years. The pandemic also disrupted the way in which migration
statistics are produced so the data from this period is subject to more uncertainty
than usual.
2.3 ETHNIC GROUPS
● Indian
● Pakistani
● Bangladeshi
● Chinese
● Any other Asian background
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White
● English, Welsh, Scottish, Northern Irish or British
● Irish
● Gypsy or Irish Traveler
● Roma
● Any other White background
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The United Kingdom, with a population of 67 million people and a GDP of $3.2
trillion (2021), is a major international trading power, with the fifth-largest
economy in the world, according to the World Bank. Though geographically
small (the United Kingdom is roughly about the size of Oregon), it has the
second-largest economy in Europe and led the G7 in GDP growth in 2021.
Moreover, despite the challenges and uncertainty posed by the UK’s exit from
the European Union (“Brexit”), high inflation due to increasing energy prices,
and the COVID-19 pandemic, the UK remains a critical market for American
exports of goods and services. U.S. exports of goods and services to the UK
reached $129.3 billion in 2021, up 7.6 percent from 2020, ranking the UK in
seventh place among export destinations for American goods and placing it in
the number one spot for trading in services.
Major categories of U.S. exports include financial and professional services,
industrial supplies, agricultural products, cyber security and other IT, medical
equipment, consumer goods, smart grids, and travel & tourism.
STRENGTHS
● Production of hydrocarbons covers three-quarters of energy needs
● Cutting-edge sectors (aeronautics, pharmaceuticals, automotive)
● Financial services
● Competitive and attractive tax regime
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Median income growth for people living in retired households was 7.0%, this
followed a 3.7% reduction in the previous year; from the FYE 2019 to FYE
2021, retired households saw lower income growth than non-retired households.
3.5 Minerals and resources
Overview of Resources
The key natural resources of the UK include limestone, petroleum, coal, iron
ore, lead, natural gas, tin, gold, slate, silica land, potash, chalk, gypsum and
clay. Natural gas, coal and petroleum are of immense importance in the
country’s mining industry.
Fluorspar is produced by the Glebe Mines Ltd, which is the only domestic
producer of fluorspar in the UK. The company also supplies acid-grade
fluorspar to two fluorochemical producers in the UK.
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Metals
In 2009, the number of licenses for the exploration and development of new
gold mines in the UK decreased from 32 to 24 though the number of leases
remained constant. The exploration of gold mines continued at Omagh and
Armagh in Northern Ireland and at Cononish in Perthshire County, Scotland.
The deposits from Northern Ireland had a reserve of 367,310 Mt grading 7.52
g/Mt gold with a width of 4.43 m within the designated open pit area.
Based on the 2010 British Geological Survey, four licenses for the exploration
of nickel were relinquished by Alba Mineral Resources plc in the Aberfeldy
area in Perthshire County, Scotland.
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Fossil Fuels
In 2010, UK witnessed a slight increase in its coal production sector. The
Scottish Coal Co. Ltd., a leading opencast coal mining company in the UK, was
ranked as the second highest net coal producer in the UK.
UK operates a number of surface mines and three deep mines. Annually, the
deep mines produce more than 5.5Mt and the surface mines produce about
1.8Mt of coal.
Towards the end of 2009, UK had almost 3.6 billion barrels of crude oil
reserves that were mostly located offshore on the UK Continental Shelf
(UKCS). Most of the crude oil is obtained from basins located east of Scotland
in the central North Sea. A good number of reserves are also found in the
northern North Sea, east of the Shetland Islands. The North Atlantic Ocean
contains smaller deposits of crude oil. The Wytch Farm field in the UK is the
largest onshore oilfield in Europe.
3.6 TRANSPORTATION
1. Traveling by train
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3. Traveling by subway
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4. Travel by car
5. Traveling by bike
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million. Internet usage has also increased substantially. In 1999, there were 364
Internet service providers. Approximately 8.6 million homes in the United
Kingdom have Internet access (about 35 percent of all homes). This is 4 times
the number of homes with Internet access from the previous 2 years. Two
government-owned corporations, the British Broadcast Corporation (BBC) and
the Independent Broadcasting Authority (IBA), provide television and radio
service throughout the kingdom. The BBC also provides a world radio service
with broadcasts in many languages. Increasingly, consumers are using satellite
and cable television in order to access programming from other nations,
particularly the United States.
Salary
Employers must pay all workers (not just employees) at least the statutory
minimum pay per hour that they are entitled to. The National Minimum Wage
(“NMW“) is the minimum pay per hour payable for those under the age of 25.
There are four hourly rates for the NMW, depending on the age of the worker
and whether they are an apprentice; the top rate is currently GBP 8.20 (for those
aged 21 and over). The National Living Wage (“NLW“) is payable to most
workers aged 25 and over and is currently GBP 8.72 per hour.
Employers can only make deductions from wages if the deduction is required by
statute (for example deductions for income tax), the employee has expressly
authorised the deduction or the deduction is provided for by a term of the
employment contract.Men and women have the right to be paid the same for the
same, or equivalent, work
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Since April 2019, all workers (not just employees) have had the right to a
written itemised pay statement (a ‘payslip’) at the time, or before, their wages
are paid to them, to enable them to establish whether they have been paid
correctly and must include the number of hours paid where an individual is paid
on an hourly rate basis.
Overtime
If employers may want to require their employees to work longer than their
normal working hours, they should ensure that the employment contract
provides for this with an overtime clause. This clause should state whether or
not the overtime is paid.
Complaint Procedures
If a worker believes their employer is exposing them to risks or is not carrying
out their legal duties relating to health and safety, and if the worker has
informed the employer but no satisfactory response has been received, they can
make a complaint to the HSE. Workers are protected from being subjected to a
detriment or being dismissed because they have made a protected disclosure
about malpractices at work, this includes disclosures of information about health
and safety breaches or risks.
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The following chart shows the relative growth of services and manufacturing
industries since 1990, when consistent data began.
The attached excel sheet provides economic output data for broad industrial
sectors from 1990-2021.
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As per UK import statistics, the top imports are for ‘Pearls, Stones and Metals’.
While the least imports are ‘Knitted or Crocheted Apparel and Clothing
Accessories’ as per the import statistics of UK. According to this part of the
observation, we can conclude that top demanded products are much more in the
favor of getting fortunes in the trade, as compared to the least demanded
product.
b.Partner
Major import partners of the UK for the year 2020 are China with a share of
12% ($75.6 billion total imports), Germany with a share of 11.6% ($73.4 billion
total imports), the USA with a share of 9.2% ($58 billion total imports), the
Netherlands with a share of 7.2% ($45.6 billion total imports), France with a
share of 4.7% ($29.6 billion total imports), and so on, as per the UK import
statistics of 2020.
UK import data on the left shows that the top import partner for the UK is China
with a percentile share of 12%. According to UK trade data, the top imports UK
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have made from China are electronics and industrial machinery. The assumption
from this part of the UK import statistics is that the UK has a lot of dependency
on these products from China since previous records of trade show these
products account for 70% of overall trade from China.
c. Export
The main exports of the UK for the year 2020 are Industrial Machinery with a
share of 15% ($60.4 Billion), Pearls, Stones and Metals with a share of 10.7%
($43.2 Billion), Vehicles with a share of 9% ($36.3 Billion), Mineral Fuels and
Oils with a share of 6.5% ($26.3 Billion), Electronics with a share of 6.2% ($25
Billion), and so on, as per the UK trade data of 2020.
As per UK export statistics for 2020, the top exports were for ‘Industrial
Machinery’ with a share of value in the percentile of 15.4%, and the least is ‘Art
Works and Pieces’ accounting for 3% in overall trade. As per this part of
observation in the UK export data, the businesses in the first sector have more
likely chances of getting fortunes than the second sector. These factors of
demand can be studied through
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Partner:
The top UK export partner of 2020 are the USA with a share of 15.7% ($73.5
billion total exports), Germany with a share of 9.9% ($46.3 billion total
exports), France with a share of 6.7% ($31.3 billion total exports), Netherlands
with a share of 6.5% ($30.3 billion total exports), China with a share of 6.4%
($30.1 billion total exports), and so on, as per the UK export statistics of the
year 2020.
According to the UK export data shown on the left, the top export partner of the
UK is the USA. As per UK trade data, these products UK exported the most to
the USA – industrial machinery, vehicles, and pharmaceutical products. Since,
consumer goods are the most exported products in the trade of UK with the
USA, these products accounted for the highest in trade deal of UK-USA. Look
at the UK export statistics and observe trade figures.
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Firstly , when exporting to the UK, Vietnamese enterprises may face high
standards of technical requirements, food hygiene and safety, etc. This requires
businesses to prepare carefully. on business plans, building and developing
products and brands methodically.
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Third, the challenge from supply chain disruption. The Ministry of Industry and
Trade said that the risk of supply chain disruptions, a sharp increase in freight
rates due to high gasoline prices are also detrimental to the activities of
Vietnam's import and export enterprises.
3.10 LABOR FORCE
Our most timely estimate of payrolled employees indicates that in December
2021 there were 29.5 million employees in the UK: up 184,000 on the revised
November 2021 level and up 409,000 on the pre-coronavirus (COVID-19)
February 2020 level. All regions are now above pre-coronavirus levels, with
Scotland having the largest percentage increase on the month.
Our latest Labour Force Survey estimates for September to November 2021
show a continuing recovery in the labour market, with a quarterly increase in
the employment rate, while the unemployment rate decreased.
The number of job vacancies in October to December 2021 rose to a new record
of 1,247,000, an increase of 462,000 from its pre-coronavirus January to March
2020 level, with most industries displaying record numbers of vacancies.
However, the rate of growth in vacancies continued to slow down. The ratio of
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vacancies to every 100 employee jobs reached a record high 4.1 in October to
December 2021.
Growth in average total pay (including bonuses) was 4.2% and growth in
regular pay (excluding bonuses) was 3.8% among employees in September to
November 2021. In real terms (adjusted for inflation), total and regular pay have
shown minimal growth in September to November 2021, at 0.4% for total pay
and 0.0% for regular pay. Single-month growth in real average weekly earnings
for November 2021 fell on the year for the first time since July 2020, at
negative 0.9% for total pay and negative 1.0% for regular pay.
3.11 Inflation rates
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1. OVERVIEW
Science and technology in the United Kingdom has a long history, producing
many important figures and developments in the field. Major theorists from the
United Kingdom of Great Britain and Northern Ireland include Isaac Newton
whose laws of motion and illumination of gravity have been seen as a keystone
of modern science and Charles Darwin whose theory of evolution by natural
selection was fundamental to the development of modern biology. Major
scientific discoveries include hydrogen by Henry Cavendish, penicillin by
Alexander Fleming, and the structure of DNA, by Francis Crick and others.
Major engineering projects and applications pursued by people from the United
Kingdom include the steam locomotive developed by Richard Trevithick and
Andrew Vivian, the jet engine by Frank Whittle and the World Wide Web by
Tim Berners-Lee. The United Kingdom continues to play a major role in the
development of science and technology and major technological sectors include
the aerospace, motor and pharmaceutical industries.
The switch to electric vehicles (EVs), decreased immigration and the pandemic
are fuelling an escalating skills crisis, according to a new report from the
Institute of the Motor Industry (IMI).
The role most in demand will be the vehicle technician, which will account for
16% of vacancies.
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1.Dealerships
In total, 202 sites were lost taking the number of UK franchised car dealerships
from 4,766 to 4,564, according to exclusive Car Dealer Magazine data.
The majority of the losses came from Mitsubishi pulling out of sales in the UK
with the loss of 100 car sales sites.
However, new owner IM Group said it now has 105 aftersales service centres
with a further three satellite sites instead.
Ford, Chevrolet and Ram Trucks are the largest automobile dealers in the
United States in 2022 based on the number of locations. Ford has the most
number of locations with 2,984 locations across 50 states and territories.
Chevrolet has 2,903 and Ram Trucks has 2,464 locations in the US. These three
together make 38.46% of the largest 10 automobile dealers in the US.
Chevrolet
There are 2,903 Chevrolet
dealerships in the United States as of
October 03, 2022. The state with the
most number of Chevrolet locations in
the US is Texas, with 226 dealerships,
which is about 8% of all Chevrolet
dealerships in the US.
Ram Trucks
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with the most number of Ram Trucks locations in the US is Texas, with 193
dealerships, which is about 8% of all Ram Trucks dealerships in the US.
Jeep
There are 2,419 Jeep dealerships in
the United States as of September 26,
2022. The state with the most number
of Jeep locations in the US is Texas,
with 185 dealerships, which is about
8% of all Jeep dealerships in the US.
2.Warehousing
UK manufacturing, particularly the automotive sector has also seen somewhat
of a renaissance in recent years with strong levels of investment, although often
centred on specific geographies or industry clusters.
The current market supply of warehousing in UK currently stands at just 21.9
million sq ft across 131 units. This is a sharp decrease from recent times when
as recently as 2009 the choice of units on the market across the country reached
94 million sq ft. The economic downturn saw development, and finance for
development, decrease rapidly. As a consequence stock was not replaced once
an occupier was found. Indeed, based upon current supply levels and long terms
average take-up levels, most regions of the UK have less than a years worth of
supply left. The current availability of units varies dramatically by region and
also by quality. For example within the M25 there are no units we would
classify as grade C, this in the most part due to land being taken for competing
and higher value uses such as residential as the chart below demonstrates.
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V. MEDIA
1. MEDIA ACCESIBILITY
The UK is one of the countries with the largest and most comprehensive
communication network in the world. Many major British newspapers have
millions of global readers such as BBC News, The Times & The Sunday Times,
The Sun, The Guardian, The Daily Mail, The Mirror, Daily Express ... and
hundreds of magazines and newspapers. periodicals, 5 television stations and
many other satellite and digital broadcasters.
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Main Newspapers
-Daily Express
-Daily Mail
-Daily Star
-The Sun
Like the British press, televion also appeared very early in the UK. 81% of
British people watch TV or movies online while 16% of them use a tablet to
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Main Televion
-SKY News
-BBC News
More than a billion hours of radio were consumed in the UK in the last three
months of 2021 according to the latest RAJAR results. The data shows that 89%
of the population - 49.5 million adults - listen to live radio an average of 20.3
hours per week. New data shows that 40 million adults, or 72% of the
population aged 15 and over, now watch digital radio every week, with strong
growth on some digital stations. It can be said that radio in the UK is being
favored by people aged 15 and over.
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Main Radio
- Capital FM
- BBC Radio 1
- BBC Radio 2
- BBC Radio 4 Extra
The share of households with Internet access in the United Kingdom grew from
9 percent in 1998 to 93 percent in 2019. Virtually all adults aged 16 to 44 years
in the UK were recent internet users (99%) in 2019, compared with 47% of
adults aged 75 years and over; in aggregate, the third-highest in Europe. Online
shoppers in the UK spend more per household than consumers in any other
country. Internet bandwidth per Internet user was the seventh highest in the
world in 2016 and average and peak internet connection speeds were top-
quartile in 2017. Internet use in the United Kingdom doubled in 2020. On online
advertising alone, the UK has spent $11.32 billion, the third largest after China
and the US, and is expected to grow to $17 billion in the next five years.
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(Source: wearesocial.com)
(Source: revive.digital)
I.INTRODUCTION
U.S. and UK businesses are well established as trading partners with strong
market opportunities in IT, service, aerospace and defense, health and
pharmaceutical, and travel sectors (for details see leading sectors chapters). The
UK economy is undergoing a historic realignment following its decision to
leave the EU single market and customs union, while at the same time dealing
with the economic impact of the COVID pandemic. The UK was the first
country in the world to administer the COVID-19 vaccine outside of clinical
trials, and in February 2022 announced a transition to a “living with COVID”
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strategy that saw the lifting of nearly all remaining COVID-related restrictions.
Due to this reopening, GDP growth was positive throughout 2021 and the
upward trend continued into early 2022. Posting the fastest growth rate among
G7 countries in 2021, the UK’s economy surpassed its pre-pandemic level in the
first quarter of 2022, due largely to increased government spending. Full-year
2021 GDP growth reached 7.4 percent, an increase over the projected 6.5
percent. Although analysts predicted five percent growth in 2022, the
International Monetary Fund has downgraded global 2022 growth forecasts for
the UK to 3.2 percent in 2022 and 0.5 percent in 2023 owing to the Russian
invasion of Ukraine, rising energy costs and global supply chain disruptions.
II.THE PRODUCT
With environmental factors at the forefront of global politics, the UK
government continues to invest millions into the transition to EVs as part of
their net zero emission strategy. As such, the rate of electric car sales in the UK
is predicted to boom in the coming years.
As of 2022, 137,498 new electric cars have been sold in the UK. This means
new electric vehicles have a 14% share of the UK's new car market (updated
September 2022). In August 2022, 10,006 new EVs were registered in the UK -
a figure that's 35.4% higher than the 7,338 new electric cars that were registered
over the same month in 2021. This follows the 9.9% increase in new EV sales
of July 2022 when 12,243 new electric cars were sold in the UK. EVs enjoyed a
growth streak in June 2022, with 22,737 registrations - a 14.6% year-on-year
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increase. May 2022 saw new EV registrations rise by 17.7%, representing one
in eight new cars joining the road. Plug-in hybrids declined 25.5%, while
hybrids were up 12.0%, meaning deliveries of electrified vehicles accounted for
three in 10 new cars.
The growth of the EV market is expected to accelerate in the coming years as
the UK prepares itself for the 2030 ban on new petrol and diesel vehicle sales.
There's no surprise that the Tesla Model 3 was the best-selling electric car in the
UK in 2021, with 34,783 sales. The next best-selling model, the Kia e-Niro,
recorded less than half that with 12,271 sales.
1. Tesla Model 3
2. Kia e-Niro
3. VW ID.3
4. Nissan Leaf
5. Audi E-Tron
Our product is the Vinfast vf8 Eco electric car (2022), this is a product that does
not use gasoline, and does not pollute the environment. In the current London
context, the scarcity of gasoline raw materials, environmental pollution and
rising inflation have led people to gradually switch to using electric cars instead
of gasoline.
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Furthermore, with the safety and security features in the Smart Service package,
users can make an automatic rescue/emergency call in case of an emergency;
monitor and display vehicle status information; Automatic vehicle fault
diagnosis, monitoring, and intrusion warning.
Vinfast VF8 Eco uses two 150 kW electric motors arranged in both the front
and rear axles for a total capacity of 260 kW and 640 Nm of torque combined
with a full-time 4-wheel drive system. can accelerate from 0-100km / h in 5.9
seconds with a range of 460 km or 510 km depending on the battery type. The
headlight/cos LED Projector system applies the most modern technologies such
as intelligent adaptation, automatic on / off and standby light mode, equipped
with air inlets, and horizontal LED fog lights. The front bumper of this electric
car is designed to be aerodynamically thin and the radar system is integrated
into the center of the package of safety technology and self-driving mode.
1.2 Compatibility
The car doesn’t heat up. It can be charged easily at home if people live in villas
and houses and the rest who live in apartments and flats can have the cars
charged anywhere as it comes with an onboard charger. We intend to have
charging stations installed over the country soon.
Unlike Vinfast's gasoline cars with dense buttons inside the cockpit, the electric
car VinFast VF 8 Eco 2022 is streamlined and minimized so that users can
easily control the space and the car.
To save travel costs and ensure that the cost of using an electric car VinFast VF
8 is lower or equivalent to the cost of gasoline, VinFast car company
implements a battery rental policy at an extremely attractive and economical
price. Including 2 rental packages:
- Flexible rental package.
- Fixed rental package suitable for customers who often move during the month
The rental battery will be replaced/repaired/maintained free of charge in case: of
a damaged battery/Manufacturer's fault, or when the maximum battery capacity
(SOH) is below 70%.
1.3 Complexity
Equipped with a 24-minute quick charge system (from 10 - 70%), which
optimizes the charging process and battery power output to maximize the car's
operating range, thus helping to improve efficiency. automobile performance
and efficiency.
1.4 Trialability and Observability
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Tie up with a car dealer company and could have test drives for their existing
customers so that the people can get familiarized with its usability. Judge the
feedback provided by the customers. Participating in steam exhibitions and
conferences in London for users to experience and test drive.
BE SOLD
1.1 GEOGRAPHY REGIONS
London - The capital of Great Britain, the United Kingdom of Great Britain and
Northern Ireland, and the largest metropolitan area in the United Kingdom and
the second largest urban area in terms of area in the European Union (EU). .
London is located in the Southeast of England, on the banks of the River
Thames, 64km from the mouth of the river to the North Sea. London is
considered one of the most important cities in the world in terms of great
influence, attractiveness, and value, attracting not only a huge number of
tourists every year but also investors because of the investment environment.
friendly and sustainable.
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Long ago, London was home to the first Celts. From the 1st century, it was the
barracks of Roman warriors. The Romans withdrew from England at the
beginning of the 5th century. From the end of the 6th century to the beginning
of the 7th century, London was the official capital of England.
From the end of the 15th century to the end of the 17th century, London thrived
in finance and trade and became a major trading center in Europe. In the
nineteenth century, London was the largest and most influential city in the
world, the center of the empire with the most colonies. During World War II,
London was devastated. After that, the reconstruction restored the splendor of
London.
According to Le Figaro's economic website, in the past 20 years, the city's
population has exploded, and is expected to reach 9 million people by 2020. The
whole capital is always like a construction site that is constantly expanding. As
Le Figaro notes, London doesn't know what a crisis is. The city's restaurants,
theaters and entertainment venues are always full of people. London is
attracting workers from all over Europe and the world. The city's growth rate
was twice the average of the whole Kingdom. Not only that, 75% of the
country's rich are concentrated in London. That concentration is also posing
major problems for the city in terms of infrastructure. The city's public transport
is always crowded, airports are saturated, homes are overcrowded, social
services are overloaded....
London is an international transport hub, including highways, railways, and air
routes. London has 84 berths and equipment, warehouses operating
independently. Every year, London wharfs transfer more than 50 million tons of
imported and exported goods. London's international transport system is among
the largest in the world.
The City of London has one of the largest and busiest transport networks in the
world. London Underground is the main underground system in this city,
serving the movement of passengers in the central London area and the counties
of Buckinghamshire, Hertfordshire and Essex. With 270 stations, the system
served 1.23 billion passengers in 2012 and 2013. In addition, London's famous
double-decker bus network also serves 6 million people a week.
London is a major hub for international air transport and has the largest city
airspace in the world. There are eight airports that use the word London in its
name, but most traffic is concentrated at just five: London Heathrow Airport,
London Gatwick Airport, Stansted Airport, City of London Airport, Ryanair
Airport and Luton.
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a) Buses:
b) Automobile:
c) Subway:
d) Bike:
1.5 COMPETITOR
a) Toyota:
Future goal:
Toyota will launch 30 purely electric vehicle models by 2030, providing all-
electric vehicles globally in the passenger and commercial vehicle segments.
Creating more advanced, high-quality and affordable batteries.
Toyota always aims to become a company that contributes to the protection of
the global environment, striving to bring happiness and a better future to
customers, children, future generations and future generations for everyone.
Opening more branches in many places (districts and countries)
Assumption:
- Price is higher than other brands in the same segment.
- There are not many incentives when buying a car.
- The driving distance is limited because the car is electric, we must always
pay attention to the battery capacity of the car and the distance.
Current strategy:
Marketing strategy is the course of action that an organization intends to
implement in order to achieve certain marketing objectives. Toyota's marketing
strategy varies depending on the market requirements of different geographical
locations. It also has a large dealership network to provide products globally and
a culture of innovation to keep every automobile at high quality. But, most
importantly, Toyota always puts the customer's best interests on the highest
priority for the marketing strategy. This can be the secret to the company's long
success.
Capability:
The country of Japan is the middle of the actions of the automobile industry. For
occurrence, in Japan, there are a whole of 12 units within the Toyota City as
well as the other pieces of the Aichi zone. as well, there are also mechanized
compacts in Kyushu, Hokkaido, and Tohoku. Alternatively, the automobile
industry has over 50 assembling firms overseas. Outside Japan, producing
plants are placed in 26 countries and areas. The automobile industry employs
their class of the value and standard automotive frameworks. In conditions of
the capacities of their trendiest, Taiichi Ono, Toyota’s production system (TPS)
b) Mitsubishi:
Future goal:
Paris, Tokyo, Yokohama – January 27th, 2022 - Renault Group, Nissan Motor
Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world's
leading automotive alliances, today announced common projects and actions to
accelerate and to shape their shared future towards 2030, focusing on the
mobility value chain.
- The 2030 roadmap focuses on pure electric vehicles and connected
mobility.
- Aims to enhance the usage of common platforms to reach 80% in 2026.
- Mitsubishi Motors to reinforce presence in Europe with two new models
based on Renault best-sellers.
- With 35 new EV cars in 2030, proposes the largest global EV offer, based
on the five common EV platforms.
- Reinforces common battery strategy aiming to secure a global 220 GWh
production capacity by 2030.
- 25 million cars connected to the Alliance Cloud by 2026: The best-in-
class digital experience for customers
- Launch its first full software-defined vehicle by 2025.
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Assumption:
- The interior design of the car is monotonous and less eye-catching.
- The car's sound insulation is poor.
- Difficult to compete with other brands in the same segment.
Current strategy:
Moving together for the benefit of each – Leader-Follower scheme
- The Alliance members have developed a "smart differentiation"
methodology that defines the desired level of commonality for each
vehicle, integrating several parameters of possible pooling, such as
platforms, production plants, powertrains, or vehicle segments. This is
supplemented and enhanced by a stricter approach to design and upper-
body differentiation. For example, the common platform for the C and D
segment will carry five models from three brands of the Alliance (Nissan
Qashqai and X-Trail, Mitsubishi Outlander, Renault Austral, and an
upcoming seven-seater SUV).
- Strengthening this process, the Alliance members will enhance the usage
of common platforms in the coming years from 60% today to more than
80% of its combined 90 models in 2026. This will allow each company to
deepen their focus on their customers' needs, their best models, and core
markets, while also extending innovations across the Alliance, at a lower
cost.
90% of these models will be based on five common EV platforms, covering
most markets, in all major regions:
- CMF-AEV, the most affordable platform in the world, is the base for the
new Dacia Spring.
- KEI-EV (mini vehicle) platform family for ultra-compact EVs.
- LCV-EV Family platform family for professional customers.
Common battery strategy, breakthrough battery innovations, and a planned 220
GWh production capacity to bring a highly competitive and attractive offer to
all customers.
- The Alliance is working with common partners to achieve real scale and
affordability, enabling it to reduce battery costs by 50% in 2026 and 65%
by 2028. With this approach, by 2030, the Alliance will have a total of
220 GWh battery production capacity for EVs across key production sites
in the world.
year, while hybrid electric vehicles recorded gains of about 12 percent. Hybrid
and plug-in electric vehicles accounted for over 10 percent of car registrations
in the United Kingdom in 2020, and demand for electrified vehicles among new
car intenders in the United Kingdom stands at roughly 40 percent.
b) Market growth:
In the midst of the "wave" of the COVID-19 pandemic, the European electric
vehicle market shows signs of strong growth. As of the first half of 2021,
Europe alone accounts for 46% of the world's electric vehicle market share.
According to many experts, this unexpected growth is due to the fact that
Europe has conducted a survey to assess the factors affecting users' decisions to
buy electric cars and come up with smart strategies.
A recent study by CR (American Consumer Research Organization) has shown
that today's popular electric vehicles have a lower total cost than gasoline-
powered cars. other material. Accordingly, with models priced below 50,000
USD (1.1 billion VND), car owners will save on average about 6,000 - 10,000
USD (about 230 million VND) during the ownership period (equivalent to about
320,000km). move). In addition, tax analyses in four European countries
(France, Germany, Norway and the United Kingdom) also show that the cost of
ownership for electric vehicles is lower than the cost of ownership for
conventional vehicles.
d) Market need:
The UK government plans to ban the sale of new diesel and diesel cars in the
UK from 2030. UK car manufacturing activities have come to a standstill in
2021 due to the impact of the Covid pandemic-19, including semiconductor
shortage. However, one in every six vehicles sold in the UK is electric. If
hybrids are included (both petrol and electric), EVs and hybrids account for half
of all new car sales in the UK. In 2021, the British Government began
implementing a subsidy program for electric vehicles to encourage people to
give up using petrol and diesel cars. Sales of electric cars in the UK have
skyrocketed from nearly 1,000 cars in 2021, to nearly 100,000 cars in just the
first five months of this year.
The company's extended auto tax incentives for vehicles with CO2 emissions of
50g/km or less (mostly plug-in hybrid or electric models) appear to be
stimulating. market. In the UK, electric cars are taxed at 2% of the list price
until April 2025, compared with 25% or more for most petrol or diesel cars, and
that gives Significant savings for the driver.
Electric vehicle sales spike amid high fuel prices
The average price of diesel fuel rapidly increased. A peak in prices was
recorded in October 2018, when it reached 136.7 pence per liter. In March 2022,
this figure stood at 1.7 British pounds per liter. Overall, sales figures are
expected to inflate amid the Russia-Ukraine war.
e) Market size:
The electric vehicle market in the United Kingdom continues to pick up steam:
In terms of sales volume, the UK market share of plug-in electric vehicles
reached 18.6 percent in 2021. Concurrently, the popularity of conventional cars
has been decreasing.
I . Company
1. Vision
"Vingroup is oriented to develop into a leading technology - industry - trade and
service corporation in the region"
2.Mission
“For a better life for everyone”
3. Core value
"Trust - Mind - Wisdom - Speed – Elite - Humanity"
4. Overall
4.1 Vingroup
Vingroup's predecessor is Technocom Group, established in 1993 in Ukraine. In
the early 2000s, Technocom returned to Vietnam, focusing on investment in
tourism and real estate with two initial strategic brands, Vinpearl and Vincom.
In January 2012, Vincom Joint Stock Company and Vinpearl Joint Stock
Company merged, officially operating under the Group model with the name
Vingroup - Joint Stock Company. In the spirit of sustainable and professional
development, Vingroup is currently operating in three core business areas,
including:
Technology
Industry
Trade in Services
With the desire to bring to the market products and services of international
standards and completely new experiences in modern lifestyle, in any field
Vingroup has proved its pioneering and leading role. changes in consumption
trends.
4.2 Vinfast
VinFast is a subsidiary of Vingroup, which is recognized as one of Vietnam's
largest conglomerates with interests in Property, Hospitality and Entertainment,
Consumer Retail, Healthcare, Education, Agriculture and Industrials . Thanks to
the strong will and desire inherent in Vietnamese people, Vingroup always
showcases its pioneering stature with international standard products and
services. VINFAST stands for: Vietnamese – Style – Safety – Creativity –
Pioneer (in Vietnamese). VinFast represents the product of our aspiration to
launch a distinctive, world-class automotive brand within Vietnam, and
demonstrates the ability of the Vietnamese people to skillfully implement
cutting-edge technology. The development of the automotive manufacturing
industry will have a profound influence on the rise and growth of a myriad of
other industries. Vingroup’s aim is to bolster the industrial development of
Vietnam, and spearhead the modernization of the country.
4.3 Material
Batteries include components such as nickel, cobalt, manganese and treated
aluminum, and use about 40% of the cost of component batteries.
4.4 Machine
Cooperating with LG Chem to establish a joint venture to produce batteries
right in the VinFast car and electric motorcycle factory complex is an important
step, ensuring that VinFast's current and future electric vehicles will be used
with batteries. High-performance battery at the right price
4.5 Cost
5. METHODOLOGY
Payment processing, sales.
Customer management, promotions, material inventory and quantitative system.
Manage the cost and calculate profit and loss in business.
Fresh bread every day, monopoly sauce.
Market 1% 1% 1% 1% 1%
growth
DEMOGRAPHIC
Ages 16-50
PSYCOGRAPHIC
Lifestyle Open-mind
People who tend to live green, use energy to protect the
environment.
GEOGRAPHIC
DEMAND
High quality
1. SWOT
STRENGTHS WEAKNESSES
- S2+S3+S5,T1:
Created many
cooperation
campaigns with
Chevrolet to
promote the brand
thanks to
abundant financial
resources and
good brand image
3.1 Product
3.2 Price
Price range: 37000 GBP to 44600 GBP Gift Voucher worth 5000 GBP when
purchasing Vinfast VF8 Free ADS + Smart Service package worth 4500 GBP
With the car, you get a free mobile charger.
The starting price is 37000 GBP. The VF8 Eco series will be on sale for free for
the first six months in the London market, after which the price will rise to GBP
39000. The VF8 Plus series increased the price from 44000 GBP to 46000 GBP.
The price of the package will rise from 5000 GBP to 5250 GBP.
VinFast will pay for all maintenance, repair, and battery replacement costs if the
charging capacity falls below 70% in the first 1.5 years after a customer
purchases a car. Customers can rent batteries through a policy of fixed and
flexible packages. In this case, the fixed package will not restrict movement; the
monthly subscription for VF 8 is 100 GBP (tax included). Flexible package for
customers with limited mobility, with a monthly travel range of 500 km. Help
customers have a safe and enjoyable driving experience on every journey by
supporting the VinFast Smart Driving package. VinFast Smart Driving costs
7,250 euros (VAT included) for a one-time payment in the European market, or
150 euros for a monthly payment package (including VAT). The equivalent in
the London is 6276 GBP for one-time payments and 130 GBP for monthly
payments.
Cash payment: 2% off when paying half the contract value in advance, and 5%
off when paying full contract value in one payment.Payment of interest-free
installments over the specified term.
Credit card payment: 1% of the contract value will be refunded.
+ Payment term: The minimum term for monthly and quarterly installment
payments is three years, and the maximum term is six years.
3.3 Place
Pegasus Autohouse.
Pegasus Autohouse is a reservation agent based in Central London that prides
itself on providing honest and individualized service to its growing customer
base in London and around the world. Our passion for selling the highest quality
marques with both left and right steering, with a keen eye for reserved cars in an
ever-changing market, keeps us competitive and relevant.
3.4 Promotion
4. METHODS OF PAYMENT
In England, the form of cash circulation has also changed a lot, so cash payment
is indispensable. Create favorable conditions for customers to buy and sell.
• Buyer will deposit 35% of the contract value in advance cash advance. The
remaining 65% payment applies to all forms when goods are available and
complete the import procedures at the port of London, England.
• The seller (Vinfast Company) will deliver the goods to the distribution
intermediaries after the buyer pays 65% of the contract value. Then the seller
sends the payment successfully at the bank to the buyer.
Two exporters and importers agree to open L/C in the form: Deferred payment
Payment letter of credit.
This is the L/C that stipulates the payment to the seller in installments from the
date of delivery (date of B/L) or the date of presentation (date of presentation).
Under this L/C, the seller delivers the goods and presents the documents as
specified in the L/C. When the documents are determined by the Bank to be
valid, the Bank will accept payment and make payment on the specified due
date, can be paid once or in installments by agreement.
Vinfast company will be the company providing electric cars for Buyers. They
will open an account L/C at Commercial Bank for Foreign Trade Vietcombank
(VCB). VCB was a bank company headquartered in Hanoi, Vietnam. It was
being the first state commercial bank chosen for pilot privatization by the
Government, Joint Stock Commercial Bank for Foreign Trade of Vietnam
officially came into operation on 02/06/2008, after successfully implementing
the equitization plan through IPO.
We chose these two banks because their banks have been linked together
between two countries Vietnam and England. In addition, Standard Chartered
bank has a bank in Vietnam, Standard Chartered has a history of operation
dating back to 1904 when the Bank established its first branch in Ho Chi Minh
City. In 2009, Standard Chartered Bank (Vietnam) Ltd. officially went into
operation, marking an important milestone in the Bank's development history in
Vietnam.
Consignment sales are a type of commercial transaction that one party (shipper)
offers products for sale to another party (consignee). As CIP (Unconditional
Condition 2010), the seller entrusts the goods to be shipped by sea.
Mission:
• Consignee: Buyers