VinGroup Founder Establishes New Companies to Support Business Growth
Pham Nhat Vuong, the founder and chairman of Vingroup - Vietnam's largest private conglomerate, has established three new holding companies over the past year that aim to assist the long-term financial needs of its various business divisions. This move demonstrates Vuong's continued commitment to
VinFast's Total Assets Smaller than Vingroup, Vinhomes but Equity Value Surpasses, Only Second to Vietcombank
According to the latest financial statements, although VinFast's total assets are smaller than other major Vietnamese groups such as Vingroup, Vinhomes, Hoa Phat and Masan, its equity value surpasses and is only second to Vietcombank in Vietnam.
VinFast's Presence at the 2024 Indonesia International Motor Show Impresses Automotive Experts
The presence of Vietnamese automaker VinFast at the 2024 Indonesia International Motor Show (IIMS) has made a strong impression on industry veterans in the Southeast Asian nation. According to experts, VinFast holds several competitive advantages that could help them penetrate the Indonesian
Asian automakers to launch EV business in Vietnam
HCMC – Regional automobile manufacturers have sought to sell electric vehicles (EV) in Vietnam and build car assembly plants for the domestic market. Wuling Hongguang Mini EV, China’s best-selling compact EV, will be made and sold in Vietnam this year, the local media reported. The project is part
Chinese automaker to build US$250-million factory in Vietnam
HCMC – BYD Auto, an automotive firm based in the Chinese province of Guangdong, intends to construct a plant in Vietnam to produce parts for electric vehicles. The business is in discussion with local partners on the project’s location. The plan will kick off in the middle of 2023 with a total
VinFast receives US$135m of ADB-led green financing
HCMC – Vietnamese electric vehicle (EV) manufacturer VinFast has received a US$135 million financing package from the Asian Development Bank (ADB) to manufacture Vietnam’s first fully-electric public transport bus fleet and first national EV charging network. VinFast said in a statement today,