Disrupted parts supply sees VinFast sales slip from May

By Tuong Thuy
Tue, July 12, 2022 | 3:43 pm GMT+7

VinFast sold 2,490 cars in Vietnam in June, less than the 3,050 units reported in May as the company prepares to cease production of fossil-fueled vehicles.

The Vietnamese automaker said Tuesday it had handed over to customers 1,338 Fadil cars, 359 Lux A2.0 sedans, and 11 Lux SA2.0 SUVs, together with 782 VF e34 electric models in June. The EV number is the monthly highest for the first half this year.

VinFast’s VF8 electric SUV to hit the Vietnamese market by the end of 2022. Photo courtesy of VinFast.

VinFast’s VF8 electric SUV to hit the Vietnamese market by the end of 2022. Photo courtesy of VinFast.

The auto unit of Vietnam’s largest conglomerate Vingroup said due to disrupted parts supply, the number of Lux A2.0 and Lux SA2.0 cars delivered to customers in June was less than expected.

Starting this July, VinFast stopped accepting orders for both models. Orders already placed would be processed by VinFast before the firm closes its gas-fueled production lines later this year.

VinFast said it sold 14,695 cars between January and June, comprising 9,566 Fadil, 1,749 Lux A2.0, 1,239 Lux SA2.0 SUV, and 2,141 VF e34 EV units.

As planned, the company will deliver to buyers in the domestic market its 2-row VF8 electric SUV and 3-row VF9 electric SUV by the end of this year.

Comments (0)
  • Read More
Vietnamese retail majors set for prosperous year after robust Q1

Vietnamese retail majors set for prosperous year after robust Q1

Vietnamese retail majors have reported Q1/2024 profits several times higher year-on-year or turned losses into profit after purchasing power recovered significantly during Tet (Lunar New Year) holiday, market observers say.

Companies - Thu, May 2, 2024 | 10:21 pm GMT+7

Vietnam assigns vice chairman to take charge of parliament

Vietnam assigns vice chairman to take charge of parliament

National Assembly standing Vice Chairman Tran Thanh Man has been tasked with running the national parliament after Chairman Vuong Dinh Hue was dismissed from his position.

Politics - Thu, May 2, 2024 | 7:37 pm GMT+7

Vietnam investment environment favorable for strategic M&A opportunities: KPMG

Vietnam investment environment favorable for strategic M&A opportunities: KPMG

With inflation under control, projected growth of 5.8% and public debt kept manageable this year, Vietnam’s investment environment offers strategic opportunities, especially in M&A, says audit and consulting firm KPMG.

Economy - Thu, May 2, 2024 | 4:59 pm GMT+7

PV Gas sees Q1 net profit go down 26% to $99 mln

PV Gas sees Q1 net profit go down 26% to $99 mln

PV Gas, Vietnam’s largest dry gas and LPG supplier, earned consolidated net profits of VND2,511.66 billion ($98.96 million) in Q1/2024, down 26.5% year-on-year.

Companies - Thu, May 2, 2024 | 3:38 pm GMT+7

Key infrastructure projects face site clearance issues, material shortages

Key infrastructure projects face site clearance issues, material shortages

Progress of the Long Thanh international airport project and component projects for the North-South Expressway’s eastern section in the 2021-2025 period is being held back by uneven site clearance and material shortages.

Infrastructure - Thu, May 2, 2024 | 3:35 pm GMT+7

Ba Ria-Vung Tau province health department head in trouble for bidding rules violations

Ba Ria-Vung Tau province health department head in trouble for bidding rules violations

Legal proceedings have been initiated against Pham Minh An, director of Ba Ria-Vung Tau province's Department of Health for alleged bidding regulation violations related to equipment supply for a hospital.

Society - Thu, May 2, 2024 | 3:21 pm GMT+7

USD weakens slightly against VND after Fed holds rates steady

USD weakens slightly against VND after Fed holds rates steady

The U.S. dollar slid against the Vietnamese dong (VND) on Thursday morning hours after the U.S. Federal Reserve (Fed) kept its policy rate unchanged in the 5.25-5.50% range.

Banking - Thu, May 2, 2024 | 11:37 am GMT+7

PV Gas takes delivery of third LNG batch to meet rising power demand

PV Gas takes delivery of third LNG batch to meet rising power demand

PV Gas, the gas production arm of state-owned Petrovietnam, has taken delivery of its third batch of liquefied natural gas (LNG) to meet demand for power generation as the country battles to cope with a prolonged heat wave.

Energy - Thu, May 2, 2024 | 10:52 am GMT+7

Vietnam factory activity returns to growth on new orders: S&P

Vietnam factory activity returns to growth on new orders: S&P

The Vietnamese manufacturing sector returned to growth in April as a solid expansion of new orders fed through to a renewed increase in production, according to S&P Global.

Economy - Thu, May 2, 2024 | 9:25 am GMT+7

HCMC well off target of 8 metro lines by 2035

HCMC well off target of 8 metro lines by 2035

Vietnam’s southern economic hub Ho Chi Minh City seems to be falling well short of its goal of building eight metro lines totaling 200 kilometers by 2035 because none have been put into operation thus far.

Infrastructure - Thu, May 2, 2024 | 9:14 am GMT+7

Vietnam property market past most difficult period: expert

Vietnam property market past most difficult period: expert

The Vietnamese real estate market has gone through its most difficult period, and businesses or investors that have survived have done so through strong experience and resources, said Nguyen Van Dinh, chairman of the Vietnam Association of Realtors (VARS).

Real Estate - Thu, May 2, 2024 | 8:17 am GMT+7

Seven must-visit places in Dien Bien province

Seven must-visit places in Dien Bien province

The northwestern mountainous province of Dien Bien has many charming places to visit, in addition to historical relic sites related to the Dien Bien Phu Campaign.

Travel - Wed, May 1, 2024 | 10:42 pm GMT+7

Vietnam's economy: positive changes but concerns persist

Vietnam's economy: positive changes but concerns persist

Vietnam's economic picture is looking more positive with numerous bright spots, but many difficulties remain, especially market confidence, concerns about private investment, and social consumption, writes Dr. Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy.

Opinion - Wed, May 1, 2024 | 6:32 pm GMT+7

Major industrial park developer Kinh Bac suffers setback with $3 mln Q1 loss

Major industrial park developer Kinh Bac suffers setback with $3 mln Q1 loss

Vietnamese industrial park developer Kinh Bac Urban Development Corporation recorded Q1/2024 losses of VND76.7 billion ($3 million), a setback considering its annual profit target of VND4,000 billion ($157.8 million).

Industrial real estate - Wed, May 1, 2024 | 3:51 pm GMT+7

Founder of Vietnam’s ACB bank passes away

Founder of Vietnam’s ACB bank passes away

Asia Commercial Bank founder Tran Mong Hung, father of the current chairman Tran Hung Huy, passed away Thursday. He was 72.

Banking - Wed, May 1, 2024 | 3:37 pm GMT+7

Singapore Management University opens office in HCMC

Singapore Management University opens office in HCMC

Singapore Management University (SMU) has chosen to open a representative office in Vietnam after Indonesia and Thailand as part of its vision to 2025.

Companies - Wed, May 1, 2024 | 3:18 pm GMT+7