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

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

Vingroup founder Pham Nhat Vuong becomes CEO of EV maker VinFast

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

Vietnam EV pioneer VinFast gets $1.23 bln from parent company, chairman

Vietnam EV pioneer VinFast gets $1.23 bln from parent company, chairman

Vietnam’s first electric vehicle (EV) maker VinFast said Thursday that it has received VND30 trillion ($1.23 billion) in Jan-Sept 2023 from parent company Vingroup and its chairman Pham Nhat Vuong.

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

Energy solutions major Gotion holds 15 mln of VinFast shares

Energy solutions major Gotion holds 15 mln of VinFast shares

Gotion Inc., an energy solutions company aiming at creating the next generation of battery technology, owns 15 million VFS shares of Vietnamese electric vehicle maker VinFast, according to a filing with the U.S. Securities and Exchange Commission (SEC).

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

Vietnamese tycoon’s net worth up $39 bln after VinFast’s Nasdaq debut

Vietnamese tycoon’s net worth up $39 bln after VinFast’s Nasdaq debut

The net worth of Vingroup JSC chairman Pham Nhat Vuong shot up by $39 billion after electric vehicle maker VinFast made its debut on the Nasdaq Tuesday.

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

Vietnam carmaker VinFast sees path to making profit: billionaire founder

Vietnam carmaker VinFast sees path to making profit: billionaire founder

VinFast founder Pham Nhat Vuong, Vietnam’s richest man, said Wednesday that the Vietnamese electric vehicle manufacturer can see its road to a breakeven point and making profit.

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

Vingroup sets up new real estate firm

Vingroup sets up new real estate firm

Vietnam’s largest private conglomerate Vingroup has established a new real estate company in Hai Phong city, with charter capital of VND10 billion ($426,300).

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

Electric vehicle maker VinFast attracts $2.5 bln in new funding pledges led by Vingroup chair

Electric vehicle maker VinFast attracts $2.5 bln in new funding pledges led by Vingroup chair

Fresh funding pledges of up to $2.5 billion, led by $1 billion from Vingroup chairman Pham Nhat Vuong, have been announced for VinFast’s development to enable the Vietnamese electric vehicle maker to achieve its global growth goals.

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

VinFast founder has no plans to add money to the EV maker: Bloomberg

VinFast founder has no plans to add money to the EV maker: Bloomberg

Vietnam’s Forbes-listed billionaire Pham Nhat Vuong does not plan to inject his own money into electric vehicle startup VinFast even as the unit car founded by him has seen its factory construction plans in the U.S. behind schedule, Bloomberg reported Tuesday.

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

Realty firm VMI becomes major shareholder in Vingroup

Realty firm VMI becomes major shareholder in Vingroup

VMI Real Estate Investment and Management JSC (VMI) has become a major shareholder of Vietnam’s largest private conglomerate Vingroup, with a 6.29% stake.

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

Vingroup chairman not banned from country exit: public security ministry

Vingroup chairman not banned from country exit: public security ministry

Pham Nhat Vuong, chairman of Vietnam's largest private company Vingroup, has not been banned from leaving the country, the Ministry of Public Security stated Saturday.

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

Vingroup chairman establishes new $754 million real estate investment firm

Vingroup chairman establishes new $754 million real estate investment firm

Pham Nhat Vuong, chairman of Vietnam's largest private company Vingroup, has spent 243 million of the group’s VIC shares to set up a new real estate investment and management company.

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

Vietnamese billionaires' fortune drops $2.4 bln

Vietnamese billionaires' fortune drops $2.4 bln

Total net worth of Vietnamese billionaires has plunged by $2.4 billion since Forbes’s ranking of the planet’s richest people in early April due to the local stock market's turbulence.

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

Vingroup to divest from gene decoding subsidiary

Vingroup to divest from gene decoding subsidiary

Vingroup, Vietnam's largest listed conglomerate, has decided to sell its stake in GeneStory JSC after more than a month of capital contribution.

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

Vingroup completes mobilization of $525 million int’l bonds

Vingroup completes mobilization of $525 million int’l bonds

Vingroup, Vietnam's largest listed conglomerate, completed the mobilization of $525 million in international bonds on May 10, Hanoi Stock Exchange reported.

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

Vingroup to issue $525 mln worth of int’l bonds

Vingroup to issue $525 mln worth of int’l bonds

Vingroup, Vietnam’s largest listed conglomerate, planned to issue international bonds worth $525 million in the first round in May 2022.

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

Nova Group chairman becomes Vietnam’s 2nd wealthiest, after Vingroup’s chief

Nova Group chairman becomes Vietnam’s 2nd wealthiest, after Vingroup’s chief

Bui Thanh Nhon, Chairman of multi-sector Nova Group, whose net worth quickly expanded to $3.5 billion, has surpassed Chairman of Hoa Phat Group Tran Dinh Long, to become the second richest person in Vietnam.

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

Hoa Phat chairman becomes Vietnam’s 2nd richest, after Vingroup’s Vuong

Hoa Phat chairman becomes Vietnam’s 2nd richest, after Vingroup’s Vuong

Tran Dinh Long, Chairman of Hoa Phat Group, whose net worth quickly expanded an additional $200 million in the past three days, has surpassed CEO of Vietjet Air Nguyen Thi Phuong Thao to become the second richest person in Vietnam, according to Forbes.

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