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marketing assignment 1 noted for studying
Typology: Summaries
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Vinfast Nissan Place: Strategy: Hybird model. Vinfast's marketing strategy on the distribution system, Vinfast has chosen for itself direct distribution channels. Specifically, the Vinfast single-tier distribution system operates linearly in the following directions: VinFast -> Distributor -> Customer. Offline: According to Vinfast's official website, currently, the company has a system of 242 distributors and 83 agents covering 63 provinces and cities across the country. This is an opportunity for customers to easily access, experience and own a high-class Vietnamese- branded car. Along with strict selection of conditions to become its official dealer, VinFast also offers many policies to support agents in its distribution channel. In addition, Vinfast also has a showroom in Australia and by 2022 will be the US, Canada, France, the Netherlands and Germany as the 5 key markets in the business expansion plan. Online: All products including cars and electric motorbikes of VinFast are sold online by this company on its website. This is a form of car buying chosen by many customers because of many advantages: Time saving, unlimited space and many attractive incentive programs. In Strategy: Hybrid model. Similar to Vinfast, Nissan's main form of distribution is also direct distribution channels. Offline: Nissan is a global brand and has a worldwide presence with strong coverage. Nissan manufactures vehicles in Japan, India, Vietnam, China, etc and even has a wider distribution and sales network globally. Nissan Infiniti brand, which is a major luxury brand in North America also has presence in 15 other countries and has 230 dealers. Online: Nissan is now available to use the Nissan @ Home online service nationwide. It gives customers what they ask for - the ability to buy a car on their terms. Through this new program, Nissan dealers can provide a better customer experience that can help improve their own business.
addition, Vinfast also deploys e- commerce channels Tiki and Shopee with many attractive preferential policies to ensure customers with the same commitment to the best car quality when reaching consumers. Acquiring another distribution channel. Vinfast has also acquired GM (General Motors) Vietnam and can use GM's production plant, sales agent and customer care system. This not only makes it easier for Vinfast to penetrate the market, saving time and costs for system building and location selection, but also helps a "rookie" like Vinfast have a platform to develop its own technology to target electric vehicles - the trend of the future, one day not too far away. Besides, Nissan also chooses indirect distribution method. The company chose the one-tier distribution method by signing a contract with Vietnam Automobile Industry Development Co., Ltd (VAD) as a new partner of the Japanese automaker. This helps manufacturers not need to invest large budgets for distribution activities. Instead, businesses can take advantage of the existing experience of intermediaries so that products can easily penetrate the Vietnamese market, as well as share business risks with intermediaries. => As a Vietnamese enterprise, with many agents and distributors in many parts of the country, Vinfast's coverage is much better than Nissan's. That makes it easier for customers to access Vinfast, but with its financial potential, Nissan is fully capable of penetrating deeper into the Vietnamese market in the near future.
in the future. Advertising, although it costs a lot of money as well as time, but the profit it brings to Vinfast and Nissan is very significant. It can be said that advertising is a tool that both helps increase revenue and helps people know that brand more. Public relation: 3 years ago, Miss Vietnam 2018 Tran Tieu Vy and famous player David Beckham officially introduced two "stars" of VinFast booth at Paris Motor Show 2018: LUX A2.0 and LUX SA2.0 models. This not only helps the public know about the Vietnamese car company but also marks an important milestone of the Vietnamese car market on the world map. Most recently, at the Los Angeles Auto Show 2021, Vinfast also introduced to the world 2 electric cars e35 and e36. Notably, this event took place right in the US, this is like a fair competition challenge with electric car company Tesla in the near future. Sponsorship: In 2019, the Vietnamese automobile brand - VinFast became the main sponsor of the Formula 1 race; thereby, the company officially became the youngest sponsor in the history of the F1 World Racing Championship. It gives VinFast the opportunity to reach more than 500 million speed sports fans around the world. Public relation: At the Dubai Motor show, Nissan highlighted Nissan Intelligent Mobility, the company's approach to changing the way cars are powered and run. Nissan gave visitors the opportunity to use Nissan Energy to produce energy, which they could then use as currency to pay for a freshly made macchiato with their self-portrait handcrafted from foam, from a dispenser powered entirely by the Nissan LEAF. Sponsorship: During the period from 2015 to 2018, Nissan appeared on all advertising media of the UEFA Champion league, the convergence of the biggest football teams in Europe with 4 billion followers, which helps to increase the visibility. customer's brand increased, thereby helping the brand become more and more popular in the world. Public relations is an indispensable tool in promotion, especially with auto companies like Vinfast and Nissan. It helps to introduce and promote products closer to the public, in addition to creating a beautiful image in
the eyes of customers and the community. However, public relations requires absolute precision, because even a small mistake can lead to a loss of trust for customers and partners.