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…
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.
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 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…
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.
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.
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…
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.
VinFast wants US customers and investors for its EVs but has hit bumps in the road.
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.
There are chances that Vietnam will be a host in the 2024 Formula One World Championship calendar, according to Formula 1 news site Grandprix.
VinFast’s lackluster performance discourages foreign rivals from entering market
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.
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.
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.
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’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.
The competition to become the main player in the production of EVs in Southeast Asia is starting to heat up.
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.
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 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.
The Ministry of Finance has recommended that registration fees for electric cars must be half that of gasoline vehicles to encourage usage.
But upstart electric carmaker will face a tough road to commercial success in American and European markets.
Conglomerate seeks to sell high-end vehicles including electric cars as it ponders US IPO
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.
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.