VinFast recalls more than 6,000 electric cars in Vietnam to fix brakes

By Tuong Nguyen
Sat, February 18, 2023 | 5:24 pm GMT+7

Vietnamese electric vehicle maker VinFast is recalling 6,032 of its sports utility vehicle VF 8 sold in the country to check and replace the bolt connecting the front brake caliper to the knuckle, the firm announced Saturday.

These SUV cars were made between September 2022 and February 2023, VinFast said, adding that this bolt, due to a mistake in assembling components, may loosen when the vehicle is operating, potentially lowering the function of the front brake.

The company said it has found the error via regular reality check-ups but has not recorded any breakdowns or complaints from customers about the loosened bolt.

A VinFast VF 8 car on the road. Photo courtesy of the company.

A VinFast VF 8 car on the road. Photo courtesy of the company.

In the recalling program, set to start Sunday at all VinFast showrooms and service points nationwide, the bolt will be replaced free of charge, and this fixing will need about 30 minutes. Customers in the program will receive a VND1 million ($42) voucher each to use other VinFast services, said the firm - the carmaker of Vietnam's largest private conglomerate Vingroup.

In the announcement, VinFast did not mention those VF 8 cars already shipped to the U.S. market.

On February 7, the company said it had selected U.S. Bank as its preferred provider of retail financing and leasing of VinFast vehicles in the U.S. The bank will officially provide financing and leasing solutions for VinFast vehicles at its showrooms and via the VinFast website.

It started to ship its first 999 VF 8 cars in December last year to the U.S. and plans to deliver them to buyers this month.

In Vietnam, VinFast sold 358 EVs this January, comprised of 204 VF 8 units and 154 VF e34, smaller in size than VF 8.

Comments (0)
  • Read More
Indonesia expands carbon trade with nature-based solutions

Indonesia expands carbon trade with nature-based solutions

Indonesia is promoting the supply of carbon credits from nature-based solutions, such as emissions stored in peat ecosystems, according to Deputy Minister of Environment Diaz Hendropriyono.

Southeast Asia - Fri, February 21, 2025 | 10:45 pm GMT+7

Indonesia to develop new DeepSeek

Indonesia to develop new DeepSeek

Indonesia is pushing ahead with the development of a low-cost, open-source large language model (LLM), seen as a local version of China's DeepSeek chatbot, in its bid to become a tech powerhouse in Southeast Asia.

Southeast Asia - Fri, February 21, 2025 | 10:42 pm GMT+7

Former Central Retail Vietnam CEO joins Masan Group

Former Central Retail Vietnam CEO joins Masan Group

Vietnam’s leading retailer Masan Group (MSN) has appointed Philippe Jean Broianigo as deputy CEO of The CrownX, the entity managing its consumer and retail segments.

Companies - Fri, February 21, 2025 | 10:37 pm GMT+7

Monetary, exchange rate policies under mounting pressure: Vietnam central bank

Monetary, exchange rate policies under mounting pressure: Vietnam central bank

The State Bank of Vietnam’s (SBV) monetary and exchange rate policies will face significant pressure in 2025, as both the global and domestic economic environments remain unpredictable, said Governor Nguyen Thi Hong.

Banking - Fri, February 21, 2025 | 10:25 pm GMT+7

India conglomerate Larsen & Toubro seeks to develop urban railways in Hanoi

India conglomerate Larsen & Toubro seeks to develop urban railways in Hanoi

India-based conglomerate Larsen & Toubro (L&T), among the biggest builders and infrastructure developers in the world, seeks to join urban railway projects in Hanoi.

Infrastructure - Fri, February 21, 2025 | 5:37 pm GMT+7

Moody’s Ratings forecasts Vietnam's 2025 GDP growth at 6.5-7%

Moody’s Ratings forecasts Vietnam's 2025 GDP growth at 6.5-7%

Moody's Ratings has forecast Vietnam can reach a real GDP growth of 6.5-7% in 2025, the highest tally in the region.

Economy - Fri, February 21, 2025 | 5:29 pm GMT+7

$15.5 bln Just Energy Transition Partnership picks 8 projects in Vietnam, not yet disburse

$15.5 bln Just Energy Transition Partnership picks 8 projects in Vietnam, not yet disburse

The Just Energy Transition Partnership (JETP), which was launched in December 2022 to mobilize $15.5 billion to finance Vietnam’s green transition, selected eight projects in the country in 2024.

Economy - Fri, February 21, 2025 | 3:29 pm GMT+7

Vietnam to ease procedures for foreigners' work permits, judicial records

Vietnam to ease procedures for foreigners' work permits, judicial records

Vietnam’s Ministry of Labor, Invalids and Social Affairs (MoLISA) is drafting a decision to ease procedures related to foreigners' work permits and judicial records.

Economy - Fri, February 21, 2025 | 12:12 pm GMT+7

China’s Yuchai sells engine technology to Vietnam’s Kim Long Motor for $28 mln

China’s Yuchai sells engine technology to Vietnam’s Kim Long Motor for $28 mln

China Yuchai International Limited, a leading powertrain solution provider in China, has granted Vietnam-based Kim Long Motor the technology licensing rights for some engine series for $28 million.

Companies - Fri, February 21, 2025 | 11:17 am GMT+7

Vietnam's 16% credit growth target for 2025 achievable: StanChart exec 

Vietnam's 16% credit growth target for 2025 achievable: StanChart exec 

2024 was a difficult year, but Vietnam's credit growth was still over 15%, and this year's 16% target, as directed by the State Bank, is achievable, said Nguyen Thuy Hanh, Standard Chartered Vietnam's CEO and head of banking & coverage.

Economy - Fri, February 21, 2025 | 9:02 am GMT+7

Vietnam’s leading IP builder Idico books record net profit in 2024 on strong sales

Vietnam’s leading IP builder Idico books record net profit in 2024 on strong sales

Idico Corporation, a leading industrial park developer in Vietnam, reported a record-high net profit of VND1.99 trillion ($78.21 million) in 2024, up 43% year-on-year.

Companies - Fri, February 21, 2025 | 8:23 am GMT+7

S Korea's powdered milk export to ASEAN soars

S Korea's powdered milk export to ASEAN soars

South Korea's powdered milk products have surged in popularity across Southeast Asia, with exports nearly tripling over the past decade as demand for Korean formula milk remains on the rise.

Southeast Asia - Thu, February 20, 2025 | 9:42 pm GMT+7

Singapore's economy projected to grow 1-3% this year

Singapore's economy projected to grow 1-3% this year

The Singaporean Ministry of Trade and Industry has forecast the country’s economic growth to range between 1-3% in 2025.

Southeast Asia - Thu, February 20, 2025 | 9:39 pm GMT+7

Philippines considers nickel export ban

Philippines considers nickel export ban

The Philippine Government is considering a ban on raw nickel ore exports to boost its domestic processing industry.

Southeast Asia - Thu, February 20, 2025 | 9:37 pm GMT+7

Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025

Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025

Condé Nast Traveler has ranked Vietnam as one of the most budget-friendly destinations for travel in 2025, with Phu Quoc being highlighted as a must-visit location in the S-shaped country thanks to its pristine beaches and resorts that "cannot be found anywhere else."

Travel - Thu, February 20, 2025 | 9:31 pm GMT+7

Nguyen Van Duoc elected HCMC Chairman

Nguyen Van Duoc elected HCMC Chairman

Nguyen Van Duoc, deputy Party chief of Ho Chi Minh City, was elected Chairman of the southern economic hub on Thursday.

Politics - Thu, February 20, 2025 | 8:16 pm GMT+7