Vinfast

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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.

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.