This positioned VinFast as the best-selling automotive brand in the Vietnamese market for October and the first 10 months of 2024. VinFast is confident of maintaining its domestic leadership and contributing to the green transition of Vietnam's transportation sector.
Following strong sales in September 2024, VinFast continued its momentum in October by delivering more than 11,000 EVs, a 21 per cent increase over the previous month. The VF 3 and VF 5 were the top-selling models, with nearly 5,000 and over 2,600 sold, respectively.
Since the beginning of the year, VinFast has delivered over 51,000 EVs to the Vietnamese market, with a substantial number of pre-orders, large-scale production capacity, and an expanding network of dealerships and charging stations.
With a substantial number of pre-orders, large-scale production capacity, as well as a continuously expanding network of dealerships and charging stations nationwide, VinFast is confident in maintaining its top position in the Vietnamese market and further widening its lead over competitors.
According to the latest report by the Vietnam Automobile Manufacturers’ Association, its member companies, not including VinFast and Hyundai, achieved total sales of 38,761 units in October, up 6 per cent from the previous month and up 53 per cent from a year ago.
Sales of passenger cars reached 30,245 units, a 4 per cent increase from the previous month. Meanwhile, sales of commercial vehicles grew by 13 per cent to 8,290 units. Special-purpose vehicle sales contracted by 8 per cent to 226 units.
There were 21,113 completely knocked-down vehicles being delivered to customers in October, up 8 per cent from a month ago. Meanwhile, completely built-up vehicles saw an increase of 3 per cent to 17,648 units in the same period.
Vingroup establishes $150 million venture capital fund On October 28, Vingroup announced the launch of VinVentures, a capital fund managing assets worth $150 million, dedicated to supporting technology startups with transformative potential. |
VinFast debuts brand in Middle East VinFast Auto entered the Middle Eastern electric vehicle (EV) market on October 28 as part of its global expansion strategy. |
VinFast to secure $1 billion funding led by Emirates Driving Company VinFast Auto is expected to secure at least $1 billion in investments led by Emirates Driving Company (EDC), Abu Dhabi’s leading driver training and road safety institute, according to Bloomberg. |
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