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.
Ho Chi Minh City provides 5,000 doses of Moderna to Vingroup

Ho Chi Minh City provides 5,000 doses of Moderna to Vingroup

Ho Chi Minh City CDC will grant more than 5,000 doses of Moderna vaccine to Vingroup, while local authorities reaffirmed its importance in pandemic response.
Vingroup in negotiation with Arcturus for COVID-19 vaccine technology transfer

Vingroup in negotiation with Arcturus for COVID-19 vaccine technology transfer

Vingroup is reported to be preparing to receive COVID-19 vaccine technology from US-headquartered Arcturus.
Vingroup targets $7.4 billion in revenue

Vingroup targets $7.4 billion in revenue

Vingroup set the target to earn VND170 trillion ($7.4 billion) in revenue and VND4.5 trillion ($195.65 million) in after-tax profit.
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.
Sale of Vsmart products doubles thanks to deep discount programme

Sale of Vsmart products doubles thanks to deep discount programme

VinSmart doubled its sales of Vsmart products with a strong discount programme.
VinSmart withdraws from smartphone and television market

VinSmart withdraws from smartphone and television market

VinSmart has stopped researching and manufacturing TVs and smartphones to focus on developing electronic products and infotainment systems for VinFast cars.
Developing groups on a global scale

Developing groups on a global scale

Private conglomerates have been making a splash in recent times, with big names like Vingroup, Masan Group, and Nova Group starting to turn heads outside the country.
Vingroup steps up overseas investment to realise global ambitions

Vingroup steps up overseas investment to realise global ambitions

Vingroup will pour an additional $300 million into the US market, to prepare for the sale of its new electric car models and smartphones.
Domestic developers changing the game

Domestic developers changing the game

Along with the rise of the Vietnamese real estate market, domestic real estate brands are increasingly asserting their names with series of projects approaching international standards and changing the mindsets and lifestyles of Vietnamese people.
Vingroup lays it all on the table in name of progress

Vingroup lays it all on the table in name of progress

Reports that Vingroup is considering an initial public offering in the United States for car unit VinFast are just the latest in a dizzying number of actions being looked at or carried out by Vietnam’s largest conglomerate. Is the sky truly the limit for the group and its founder Pham Nhat Vuong?
Big-shot groups aim again for IPO success

Big-shot groups aim again for IPO success

The vehicle arm of Vietnam’s biggest conglomerate, along with one of the country’s newest airlines, are both pondering fundraising activities involving listing on the New York Stock Exchange – a first for any Vietnamese company after several aborted attempts in the past years.
Vingroup to develop another automobile and part manufacturing plant in Ha Tinh

Vingroup to develop another automobile and part manufacturing plant in Ha Tinh

Vingroup is planning to develop another automobile and parts manufacturing plant and seaport in the central province of Ha Tinh.
VinFast rumoured to be planning IPO in US

VinFast rumoured to be planning IPO in US

Vingroup is considering holding an IPO for VinFast in the US, to mobilise an estimated $2 billion, equivalent to the minimum asset value of $50 billion.
Quick cash alternative in international bonds

Quick cash alternative in international bonds

Besides domestic cash and traditional corporate bonds, Vietnamese conglomerates are actively seeking to raise foreign funds by jumping on the international convertible bonds bandwagon – a viable approach to maximise their capital efficiency and enhance their international reputation.
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