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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.

Vietnam auto industry makes little headway over last five years

As many as 299,800 cars were domestically manufactured and assembled in Vietnam in 2021, a 9.1 percent increase compared with 2020, according to the General Statistics Office (GSO).

Can Vietnam 'catch' the wave of electric-vehicle production?

Vietnam’s plan to slash luxury tax and registration fees for electric cars is expected to push the development of the domestic electric vehicle market, which is currently at the starting line.

Selling cars and smartphones, Vietnam’s No. 1 billionaire earns huge profits

The first quarter profit of Vingroup, owned by Vietnam’s richest man Pham Nhat Vuong, increased five times over the same period last year thanks to three major real estate projects and high growth in sales of VinFast cars and smartphones.

Technology and industry critically important to reach developed-country status

VinGroup's investment in the auto industry is a great challenge, coming from high aspirations and showing a sense of responsibility to the country.

Billionaire Pham Nhat Vuong plans billion-dollar IPO in the US

Vingroup’s billionaire Pham Nhat Vuong is taking an unexpected step entering the world's largest electric car market.

Hybrid electric vehicles to account for 30% of market by 2030

Hybrid electric vehicles (HEV), which have maximum fuel economy, low emissions and smooth operation, are suited to Vietnam’s climate and transport conditions, experts say.

Vietnam's automobile manufacturers to develop solid-state batteries for electric cars

Making solid-state batteries is a prerequisite for the development of the electric vehicle (EV) market, helping create smart cars which can run thousands of kilometers after just minutes of battery charge.

Vietnamese firms buy German company, conquer African market

Following success in the domestic market, many Vietnamese businesspeople are seeking profits from outward investment projects.

Making cars and smartphones, Vietnam moves to top ASEAN countries

Vietnam’s industry has seen the fastest upward movement in ranking in global competitiveness among Southeast Asian countries, coming closer to the top 4 ASEAN countries.

Vietnam gears up to export cars

Vietnamese manufacturers are taking steps to become the ‘new Detroit of Asia’.

Discount paradise for auto buyers

As part of a new package to help the automobile market stay afloat after this year’s global woes, locally-manufactured vehicles will benefit from a massive cut in registration fees, 

Cooperating with Pininfarina, Vsmart targets high-end smartphone market

With the agreement announced on May 4, Vsmart has become the second brand of Vingroup cooperating with a leading Italian industrial designer.

Vietnam accelerating ventilator production

The crucial ventilating equipment used to save the lives of coronavirus patients are becoming a commodity much sought after by many countries, including Vietnam.

Vingroup to produce ventilators, body thermometers

Vingroup announced on April 3 that it would produce ventilators and body thermometers to serve the domestic market amid the complicated developments of the COVID-19 pandemic.

What will Vinfast do if GM stops making Chevrolets in Thailand?

The US-based General Motors (GM) has stated it will stop selling Chevrolets this year and shut down its factory in Thailand from which Chevrolets are exported to Vietnam.

Car market in 2020 remains an unknown

The government will soon issue the legal document amending Decree 116 on the conditions for manufacturing, assembling, and importing cars, and providing car maintenance services.

Over 67,000 orders for VinFast vehicles in 2019

VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, has reported it had received over 17,000 orders for VinFast cars, and 50,000 others for electric motorcycles in 2019.

 

Motorcycle makers running out of gas in face of increased competition

The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.