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Is a small-size BYD EV a threat to VinFast’s VF 5?

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 gets 2.5 billion USD to accelerate growth

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.

VinFast seeks permission to adjust overseas investment policy

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

Agencies urged to set standards for EV charging stations

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.

Dreams of a local automobile industry turn realistic

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.

New awareness of national enterprises

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.

Vinfast US to join US-ASEAN Business Council

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.

Vinfast faces challenges in North America

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

VinFast exports first batch of EVs to US

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.

Hybrid vehicles bring fresh spirit to auto industry

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.

VinFast plans IPO in US, owner's assets soar

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.

Vietnam plans for low-cost electric vehicles

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.

More entrepreneurs plan to make electric cars

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.

VinFast signs 4-billion-USD deals with Credit Suisse, Citigroup for EV factory in US

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.

Vinfast to open US showrooms next week

Vietnamese car manufacturer VinFast plans to open its six showrooms in Berkeley, Commerce, Corte Madera, San Diego, San Mateo, and Santa Monica in the United States next week.

VinFast issues nearly 700 million preferred stocks

VinFast Trading & Investment Pte. Ltd just issued more than 88 million preferred stocks and changed its charter capital value with the business registration authorities in Hai Phong City from May 19.

VinFast announces submission of draft IPO application in the US

VinFast Trading & Investment Pte. Ltd., a Singapore-based subsidiary of Vingroup, has submitted a draft preliminary IPO application form F-1 to the US Securities and Exchange Commission (SEC).

Electric cars begin flowing to Vietnam on billionaire Pham Nhat Vuong’s strategy

After VinFast initiated its ‘blockbuster’ strategy on developing electric cars, a number of automobile manufacturers have imported electric cars to sell in the domestic market.

Vietnam’s richest man plans US$6 billion project in the US

VinFast billionaire Pham Nhat Vuong, Vingroup Chairman, plans to invest $6 billion in an electric vehicle factory in the US. 

2022 expectations: Electric car manufacturing to boom in Vietnam

A number of electric car manufacturers in Vietnam plan to launch electric vehicle models accompanied by preferential policies for users this year. Experts predict that 2022 will see a boom in the Vietnamese electric car market.