At the current price, the automaker's market capitalisation reached $85.5 billion, 3.7 times greater than the initial valuation of $23 billion and...

Vietnamese auto maker VinFast Auto Ltd. (VinFast) rang the bell to officially commence trading of its shares on the Nasdaq Global Select Market, the US, under the ticker symbol “VFS”.

The newest electric vehicle manufacturer in Vietnam, with technology transferred from Germany, will set up a factory in Thai Binh that will make small-size city vehicles.

Changes in consumer habits have caused demand for electric motorbikes to increase rapidly in recent years, especially in Hanoi and HCM City.

Vingroup Chairman Pham Nhat Vuong said that VinFast may become Vingroup’s top project.

Vietnamese EV maker VinFast will be listed in the US through its business combination with local firm Black Spade Acquisition Co (Black Spade).

On the first day of the Shanghai Exhibition, BYD’s small-size electric vehicle (EV) sold out which led many people to believe that the model would have an advantage over the Vietnam-made VinFast VF 5.

VinFast, an electric vehicle maker of the Vietnamese conglomerate Vingroup, said on April 26 that it had got a fresh round of funding pledges worth 2.5 billion USD serving its future development.

Vingroup Investment Vietnam Joint Stock Company has asked for government approval for adjustments to investment projects of VinFast in France, Germany and the Netherlands.

Electric vehicle manufacturers need to spend big money on developing infrastructure items, including parking lots, charging poles and electricity sources. But the standards and regulations for charging stations in Vietnam have not been set.

In late November, a vessel carrying 999 Vietnamese electronic vehicles manufactured by VinFast left Vietnam, starting the journey from Dinh Vu Seaport in Hai Phong to the US.

Resolution 29-NQ/TW outlining the path that leads the country to a powerful and prosperous future in the near future once again affirms the role of national enterprises.

US-ASEAN Business Council (USABC) announced on December 15 that VinFast US, member of Vietnam’s largest private corporation Vingroup, has become the newest member of the council.

North America is a promising market, but it is not easy to be successful because there are many rivals there.

Prime Minister Pham Minh Chinh on November 25 attended a ceremony in the northern port city of Hai Phong to export the first batch of VinFast electronic vehicles (EVs) to the US.

While the lack of charging stations could be an obstacle for the use of electric vehicles, this will not be an issue for hybrid vehicles.

The electric vehicle manufacturer VinFast, owned by Vietnam's richest dollar billionaire, plans an IPO (initial public offering) in January 2023 to raise at least $1 billion worth of funds.

Experts say that Vietnam needs a strong foundation to shift from internal combustion engines to electric ones. Under the government’s roadmap, car prices will be decisive.

Some Vietnamese businesses are pouring money and betting their careers in the automobile industry of the future – electric cars, following Elon Musk and William Li.

Automaker VinFast on July 13 announced that it has signed agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. to raise at least 4 billion USD to develop an electric vehicle factory in North Carolina, the US.