VinGroup

VinFast will lead the way for Vingroup's investments in the Philippines in 2024, commencing with the establishment of a network of electric car and motorcycle dealerships.

Southeast Asia has a lot of potential with governments looking to boost EV adoption with aggressive targets, VinFast Chief Executive Officer Le Thi Thu Thuy said.

VinFast, formed and almost entirely controlled by Vietnam richest man Pham Nhat Vuong, also plans to invest around $1.2 billion in the Indonesian market in the long-term.

Vingroup Chairman Pham Nhat Vuong has on Monday announced the establishment of the Green and Smart Mobility Joint Stock Company (GSM), an entity dedicated to using VinFast electric cars and scooters for rental and taxi services.

VinFast intends to list its ordinary shares on the Nasdaq Global Select Market under the symbol “VFS”.

Vingroup, Vietnam’s largest private conglomerate, has on Monday announced a strategic collaboration with Google Cloud to modernize and connect its critical systems and data at a group-wide level. This reaffirms Vingroup’s commitment toward adopting best-in-class technologies to boost its production capabilities, improve product and service quality, enhance…

At VinFast we envisage an ecosystem unit that is neutral in nature and compliments stakeholder environmental sentiments.

VinFast, on the other hand, is taking a different approach. It is building a global EV brand. Besides its manufacturing complex in Hai Phong, Vietnam, VinFast will build a plant in US, and planning another in Europe. It is set to make history as the first car brand from Southeast Asia to build manufacturing plant in the US and Europe.

VinFast owns an automotive manufacturing complex that boasts up to 90 percent automation in Hai Phong, Vietnam. Capacity is 250,000 cars annually.