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EV maker VinFast posts 270% revenue growth in Q1

Vietnamese electric vehicle (EV) maker VinFast on Wednesday reported revenue growth of 269.7% year-on-year to $302.6 million in the first quarter of 2024.

Companies - Thu, April 18, 2024 | 9:29 am

Vietnam’s Q1 auto sales down 17% to 58,165 units

The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 58,165 units in the first quarter of 2024, down 17% year-on-year.

Companies - Mon, April 15, 2024 | 12:11 pm

VinFast begins sales of VF DrgnFly electric bike in United States

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will begin selling its VF DrgnFly electric bike in the U.S. later this month, with a listed price of $2,599, the EV maker said Friday.

Companies - Fri, April 12, 2024 | 9:06 pm

Vietnam EV maker VinFast opens first dealership in Indonesia

Indonesian firm PT Gallerie Setia Utama has opened the country’s first VinFast dealership, marking a milestone for the Vietnamese electric vehicle (EV) maker.

Companies - Tue, April 2, 2024 | 7:32 pm

VinFast inks EV distribution pact for Micronesia, launches EV charging stations venture

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, said Wednesday that it has signed a cooperation agreement with Guam AutoSpot to distribute its EVs in Micronesia.

Companies - Wed, March 20, 2024 | 8:58 pm

VinFast to attend motor shows in Thailand, Canada, sell EVs in Africa

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will attend international motor shows in Thailand and Canada, and attempt to break into the African market this year.

Companies - Sat, March 16, 2024 | 10:22 am

Vietnam’s Jan-Feb auto sales down 23%

The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 30,876 vehicles in the first two months of 2024, down 23% year-on-year.

Companies - Wed, March 13, 2024 | 7:27 pm

Vietnam outbound investment shrinks 78% to $25 mln in Jan-Feb

Outbound investment by Vietnamese companies plunged 78.3% year-on-year to $25 million in the first two months of this year, all via fresh projects, the Ministry of Planning and Investment said.

Industries - Sat, March 2, 2024 | 10:55 am

VinFast's move into Indian market a significant stride in global expansion: RMIT expert

Indian-born RMIT senior lecturer Dr. Majo George hailed VinFast’s decision to open a manufacturing plant in India as a strategic manoeuvre that will not only leverage the potential of a burgeoning electric vehicle (EV) market but also position the company favorably against future competitors.

Economy - Thu, February 29, 2024 | 8:02 am