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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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam-China joint venture to build $800 mln automobile factory

Vietnamese conglomerate Geleximco and Omoda & Jaecoo Automobile, a subsidiary of Chinese state-owned automaker Chery Automobile, will jointly build an $800-million automobile factory in Vietnam's northern province of Thai Binh.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southeast Asia becomes Tesla's priority for expansion

Expansion into Southeast Asia is a priority of Tesla, Rohan Patel, a senior executive of the US automotive company, said on Tuesday, highlighting the fast-growing market where the company faces competition from China's BYD.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast begins building $500 mln EV factory in India

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, officially broke ground on its first integrated EV manufacturing facility in the state of Tamil Nadu, India, on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, earned $1,096.9 million from vehicle sales in 2023, up 111.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast inks EV supply deal with Indonesian firms

VinFast, the carmaker subsidiary of Vietnamese conglomerate Vingroup, has signed a memorandum of understanding (MoU) with three Indonesian business clients to provide 600 electric vehicles.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast links up with 5 Indonesia auto dealers to start sales in 2024

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, has signed letters of intent with five dealers in Indonesia to expand its distribution network in the Indonesian market, the EV maker announced Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast debuts right-hand drive electric vehicles in Indonesia

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, debut its first range of right-hand drive electric vehicles (EV) at the Indonesia International Motor Show (IIMS) 2024 on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast expects 40,000-50,000 vehicle sales by year-end: executive

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, expects sales of 40,000-50,000 units by year-end, chairwoman Le Thi Thu Thuy told CNBC in an interview on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines seeks collaboration with Vietnam’s VinFast in EV production: President Marcos

The Philippines “eagerly anticipate collaborating with Vingroup on electric vehicle (EV) production and local mineral processing,” Philippine President Ferdinand Marcos Jr. said on his Facebook on Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese carmaker VinFast delivers 34,855 electric vehicles globally

Vietnam’s VinFast Auto delivered 34,855 electric vehicles (EV) around the world in 2023, according to a filing with U.S.-based stock exchange Nasdaq.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

EV maker VinFast to build $500 mln facility in India, towards $2 bln investment

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, will build a $500 million EV facility in Tamil Nadu state of India, towards a total investment of $2 billion.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vingroup founder Pham Nhat Vuong becomes CEO of EV maker VinFast

Billionaire Pham Nhat Vuong, founder and chairman of Vietnamese conglomerate Vingroup, has become CEO of VinFast, the electric vehicle (EV) arm of Vingroup.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast, Marubeni link up in further usage of EV battery

VinFast, the electric vehicle (EV) arm of Vietnamese private conglomerate Vingroup, and Marubeni, a major Japanese trading and investment conglomerate, will cooperate in exploring opportunities in secondary use of EV batteries, towards a circular economy model.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

VinFast, the electric vehicle (EV) maker under Vietnamese private conglomerate Vingroup, has entered a standby equity subscription agreement with Yorkville Advisors, a global investment fund manager.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast to merge with battery maker VinES at zero cost

Vietnamese electric vehicle maker VinFast will merge with battery maker VinES under private conglomerate VinGroup in a move that will involve VinGroup chairman Pham Nhat Vuong donating 99.8% of VinES shares to the automaker.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast showcases 4 new EVs at Motor Show Qatar

VinFast, the automaker under Vietnam's largest private conglomerate Vingroup, showcases four electric vehicle models VF 6, VF 7, VF 8 and VF9 at the ongoing Geneva International Motor Show Qatar 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast receives 10,000 EV reservations in US

Vietnamese automaker VinFast had recorded about 10,000 reservations in the U.S. for its VF 8 and VF 9 electric vehicles from the VF8 debut in late 2021 to August 31, 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinES factory produces first batteries for VinFast EVs

VinES, the battery-maker subsidiary of Vietnamese private conglomerate Vingroup, has produced the first battery packs for electric vehicles (EVs) made by the group’s automotive subsidiary VinFast.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

No subsidy for rich electric car buyers: finance ministry

Vietnam’s Ministry of Finance has said a firm no to a Transport Ministry proposal that $1,000 be given in aid for each electric vehicle (EV) purchase.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tops Southeast Asia in solar photovoltaic supply: ADB

Vietnam is the top solar photovoltaic (solar PV) supplier in Southeast Asia, accounting for 5% of the global supply, according to the Asian Development Bank (ADB).

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Market cap of Vietnam EV maker VinFast hits $85 bln in Nasdaq debut

The market capitalization of Vietnamese electric vehicle (EV) producer VinFast reached $85 billion in its Nasdaq debut Tuesday with nearly 6.8 million shares changing hands.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast delivers 3,042 electric vehicles in July

VinFast, the automaker arm of Vietnam’s largest private conglomerate Vingroup, delivered 3,042 electric vehicles to the market in July, the firm said Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam EV market set to grow 26% per year in coming decade

Vietnam’s electric vehicle (EV) market can see an annual sales growth of almost 26% to reach around 64,500 units in 2032, according to BMI, a Fitch Solutions company.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hyundai Motor debuts made-in-Vietnam electric vehicle

Hyundai Thanh Cong Vietnam, a joint venture between South Korea’s Hyundai Motor and Vietnam’s TC Group, unveiled its IONIQ 5 electric vehicle (EV) on Monday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s green push sparks e-bike race

Vietnam is witnessing a fierce race among producers of electric bikes and e-scooters as the country gears up to go green and meet its 2050 carbon neutrality target.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

China’s Great Wall Motor wheels into Vietnam market

Great Wall Motor (GWM), a major private automobile manufacturer in China, said Friday that it plans to officially enter the Vietnamese market in August.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firm TMT debuts first mini electric vehicle under Chinese brand

Vietnam’s TMT Motors debuted its first mini electric vehicle (EV) under Chinese brand Wuling HongGuang on Wednesday, amid the trend of foreign automakers investing in the Southeast Asian country.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast's first electric vehicle batch arrives in Canada

VinFast, the automaker under Vietnam’s biggest private conglomerate Vingroup, shipped its first batch of 781 VF 8 electric vehicles to Canada on Thursday, Vietnam time.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong city okays 3 FDI projects of $90 mln

Hai Phong city granted investment licenses to three foreign-backed projects on Tuesday, with a combined registered capital of $90 million.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Chinese giant BYD to add $184 mln investment in Vietnam

Chinese giant BYD, an Apple Inc. supplier, will invest an additional $183.7 million in its Vietnam electronics manufacturing facility in the northern province of Phu Tho's Phu Ha Industrial Park, local authorities announced Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

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