Vietnam’s richest person bets over $10 billion to break into the global EV market
Vietnam’s richest person, billionaire Pham Nhat Vuong, didn’t become worth over $4 billion without taking some risks. His current venture is to create Vietnam’s first global automaker, VinFast Auto, and he’s betting over $10 billion to make the company into a…
Vietnam automaker sends EVs to Laos for electric taxi service
Vietnamese automaker VinFast on Friday sent 150 cars to neighboring Laos for the launch of an electric taxi service, months after starting a similar scheme at home.
VinFast revenues jump on EV sales to Vietnam affiliate
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder.
VinFast officially launches VF 6 in Vietnam
VinFast has officially launched VF 6, its first electric model in the B-SUV segment, the ideal choice to begin every journey for Vietnamese families. With a starting price of 675 million VND, the VF 6 is now available for order…
Vietnam’s VinFast to deliver EVs to Europe this year as EU probes China rivals
Vietnamese electric vehicles maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its chief executive told Reuters on Thursday, as the European Union considers imposing tariffs on its Chinese rivals.
Vietnam’s wealthiest tycoon becomes Asia’s fifth richest person as VinFast surges on Nasdaq debut
Billionaire Pham Nhat Vuong, Vietnam’s wealthiest man, joined the top ranks of Asia’s richest after shares of his electric vehicle maker VinFast Auto surged 255% on the company’s Nasdaq debut, adding a whopping $39 billion to his net worth.
Vietnam Vingroup’s ambition to take on Tesla hits bumpy road
Vietnamese conglomerate Vingroup has made a big bet on the global shift to electric vehicles. But its EV business has struggled to take off, bogged down by a domestic market slow to embrace electrification and a troubled rollout in the…
Vietnam’s Vinfast starts construction of EV factory in the US
Vinfast, a Vietnamese electric car manufacturer under Vingroup, held a ground-breaking ceremony for an electric car factory in North Carolina, US on Friday. The event marked an important step in Vingroup’s strategy for market expansion and brand development.
The carmaker from Vietnam looking to take on Tesla
VinFast wants US customers and investors for its EVs but has hit bumps in the road.
How Vietnam can disrupt China’s dominance in EVs
There’s a long way to go, but the country has most of the ingredients it needs to be a significant player in global EV supply chains.
Vietnam ‘strong candidate’ to join F1 race in 2024
There are chances that Vietnam will be a host in the 2024 Formula One World Championship calendar, according to Formula 1 news site Grandprix.
Vietnam’s EV push fails to bring automakers aboard as sales falter
VinFast’s lackluster performance discourages foreign rivals from entering market
The abandoned $600m F1 circuit, the jailed mayor and a race near Australia that may never happen
Fenced off to the public and dotted with plastic waste, Hanoi’s motor race circuit lies largely abandoned while hopes fade that Vietnam’s capital will ever host a Formula 1 grand prix.
Why is Vietnam’s VinFast building an EV factory in the United States ?
The upstart auto maker is hoping that offshoring its manufacturing to the U.S. will help it tap into the growing American demand for electric vehicles.
Vietnam’s VinFast seeks US government loans for expansion
The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina.
Vietnam’s VinFast to invest $2B in North Carolina EV factory
VinFast, the Vietnamese automaker under Vingroup, said Tuesday it will build its first U.S. factory in North Carolina, part of the company’s previously stated plans to invest and expand in the country.
Vietnam electric car whizz takes ambitious road
Vietnam’s Tesla (TSLA.O) wannabe is speeding up. Carmaker Vinfast will stop making internal combustion engine models by the end of 2022 and aims to sell overseas as it goes all-electric.
Can VinFast turn Vietnam into an electric vehicle powerhouse ?
The competition to become the main player in the production of EVs in Southeast Asia is starting to heat up.
Hanoi mulls downtown car tolls to ease congestion, pollution
Hanoi plans to collect toll fees from cars entering downtown areas at up to VND60,000 ($2.65) a time, Hanoi Public Transport Management Center stated.
Vietnam carmaker Vinfast eyes start of U.S. deliveries in late 2022, CEO says
Vietnamese automaker Vinfast will begin taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of 2022 and expects to begin delivering them by the end of the year, global Chief Executive…
Vietnam warned of serious air pollution in motorization period
Vietnam is about to enter the motorization period when the market will boom and the air will become polluted. Policies on restricting the use of old-technology vehicles and encouraging green, clean vehicles are needed.
Ministry hopes to boost electric car sales with registration fee cuts
The Ministry of Finance has recommended that registration fees for electric cars must be half that of gasoline vehicles to encourage usage.
Vietnam’s VinFast revving up in Western markets
But upstart electric carmaker will face a tough road to commercial success in American and European markets.
Vietnam’s Vingroup plots ambitious push into US car market
Conglomerate seeks to sell high-end vehicles including electric cars as it ponders US IPO
Vietnam’s VinFast reports customer to police after ‘untrue’ YouTube complaints
Vietnamese car maker VinFast has reported one of its customers to the police over comments he made on YouTube about the quality of his car.
Foxconn and Vietnam’s VinFast explore partnership, talks focus on batteries, EV parts
Vietnam’s largest conglomerate Vingroup said on Friday its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts.