timing right for ambitious electric vehicle takeover

Timing right for ambitious electric vehicle takeover

Electric vehicles are seemingly an irreversible trend in the automobile industry, and are expected to grow strongly across the world. With that, manufacturers in Vietnam are setting out ambitions to take their chances in the market – but inferior battery infrastructure and a lack of mechanisms to encourage consumers and support businesses will be urgently required first.
lack of novelty may hinder ipo ambitions

Lack of novelty may hinder IPO ambitions

Vietnamese e-commerce holding company Society Pass has announced its intention to raise millions of US dollars from an initial public offering in the United States – but it remains unclear how a company with little success can achieve this goal ahead of e-commerce’s big hitters.
vietnam eyes 324 per cent jump in outbound investment so far this year

Vietnam eyes 32.4 per cent jump in outbound investment so far this year

According to the latest statistics by the Ministry of Planning and Investment, in the first nine months of this year, Vietnam pumped $572.3 million of total investment into new and supplemental capital ventures abroad, a 32.4 per cent jump on-year.
will vinfast break into indonesia

Will VinFast break into Indonesia?

VinFast of Vingroup is allegedly preparing to penetrate the Indonesian automobile market.
vinfast and gotion high tech to co operate on lfp battery sourcing and production

VinFast and Gotion High-tech to co-operate on LFP battery sourcing and production

Automotive manufacturer VinFast and Gotion High-tech Co., Ltd. (China), a leading clean energy group, signed an MoU on the procurement of Gotion lithium iron phosphate (LFP) batteries. The two parties will also discuss the possibility to establishing an LFP battery factory in Vietnam.
vingroup to sell 3 per cent stake in vinhomes to further invest in vinfast

Vingroup to sell 3 per cent stake in Vinhomes to further invest in VinFast

Vingroup (HSX: VIC) has registered selling a little more than 100 million shares of its giant property arm Vinhomes JSC (HSX: VHM).
vingroup to establish vines and vinai to invest in batteries accumulators and ai

Vingroup to establish VinES and VinAI to invest in batteries, accumulators, and AI

Vingroup (HSX: VIC), Vietnam’s largest conglomerate, has just established two subsidiaries, VinES Energy Solutions JSC (VinES) and VinAI - Artificial Intelligence Research JSC (VinAI), in a bid to diversify the group’s high-tech investment.
ministry of finance proposes registration fee cut for electric cars

Ministry of Finance proposes registration fee cut for electric cars

The Ministry of Finance proposed halving the registration fee of electric cars compared to petrol cars.
michael lohscheller appointed as ceo of vinfast global

Michael Lohscheller appointed as CEO of VinFast Global

Vietnam’s conglomerate VinGroup announced on July 27 that it has appointed Michael Lohscheller as CEO of its automotive division VinFast Global.
vinfast starts operation in north america and europe

VinFast starts operation in North America and Europe

Branches of VinFast in the United States, Canada, France, Germany, and the Netherlands started their operations today and are now preparing for the launch of their electric vehicles in these promising markets.
vingroup covers bases with expansion

Vingroup covers bases with expansion

VinFast – Vietnam’s first fully-fledged domestic carmaker and an integral part of conglomerate Vingroup – wants in on the American dream, the Vingroup chairman proclaimed at its latest shareholders’ meeting, while other Vingroup subsidiaries are also looking to further dominate in everything from real estate to biotechnology.
e cars gear up for policy assistance

E-cars gear up for policy assistance

Not only VinFast could benefit if it is exempt from taxes and fees as proposed – the whole auto industry is also holding its breath waiting for policies.
us ipo of vinfast could be delayed due to scrutiny over spac

US IPO of VinFast could be delayed due to scrutiny over SPAC

VinFast – the vehicle arm of Vietnam’s biggest conglomerate Vingroup – may have to delay its initial public offering (IPO) in the US due to heightening scrutiny over US regulations. 
vinsmart withdraws from smartphone and television market

VinSmart withdraws from smartphone and television market

VinSmart of Vingroup officially stopped researching and manufacturing televisions and smartphones to focus resources on developing electronic products and infotainment systems for VinFast cars.
vinfast to temporarily close australian rd division due to covid 19

VinFast to temporarily close Australian R&D division due to COVID-19

VinFast is planning to temporarily close its research and development (R&D) centre in Melbourne, Australia due to complications from the COVID-19 pandemic.