The Business Times

VinFast

ASEAN Business

Vingroup seeks US$500 million private credit for EV charging ports

Petrol motorcycles dominate Vietnam’s market, one of the world’s largest.
Transport & Logistics

Honda’s grip on Vietnam motorcycle market looks shaky on EV switch

VinFast's factory in Hai Phong, Vietnam
ASEAN Business

Vingroup’s 10 trillion dong steel venture to supply materials for rails, EVs, real estate

Pham Nhat Vuong has already pumped more than US$2 billion of his own money into the EV maker and has said that he’s willing to support it until his money runs out.
Transport & Logistics

VinFast plans US plant in 2028 as it seeks equity backers

VinFast is intensifying promotional activities in its home market while shifting from a company-owned showroom model to a lighter, dealership-based approach to expand more quickly and reduce costs.
Transport & Logistics

VinFast’s quarterly loss widens amid heavy spending on ambitious growth strategy

GSM is bringing its playbook to Laos, Indonesia and the Philippines, and is expected to enter India, where VinFast just opened an EV factory.
ASEAN Business

Vietnam billionaire’s taxi firm takes on Grab in South-east Asia

VinFast will sell all of its shares in Novatech to its founder and chief executive officer Pham Nhat Vuong for about 39.8 trillion dong (US$1.5 billion).
ASEAN Business

VinFast to spin off R&D assets in 39.8 trillion dong deal with founder

Pham Nhat Vuong expects VinFast to break even at the end of next year.
ASEAN Business

Vietnam’s richest man shifts strategy after US$14 billion bet on EVs

VinFast has set a global delivery target of 200,000 cars for 2025, having sold about 72,100 units in the first half of the year, primarily in its home market.
ASEAN Business

Vietnam’s VinFast in talks to boost local sourcing as first India plant opens

VinFast has been tapping the loan market to fund its expansion plans regionally as it looks to compete with other global EV makers.
Transport & Logistics

Deutsche Bank, SeaTown join VinFast’s US$510 million private debt: sources

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