Vinfast

VinFast is building an electric vehicle plant as an investment strategy to expand the company's US operations.

If approved, VinFast will become the second Vietnamese enterprise to list shares on the US stock market after Cavico's listing in 2009.

VinFast, the car-making arm of Vietnam's private conglomerate Vingroup, today shipped 999 electric units to the US.

The funding will help support the manufacturing of electric buses and help establish Vietnam’s first national electric vehicle charging network.

The cooperation between VinFast and the Hanoi-based University of Transport Technology is part of efforts to create a comprehensive electric vehicle (EV) ecosystem for Vietnam.

The inauguration of the VinFast-Infineon Competence Center (VICC) is planned in the first quarter of 2023 in Vietnam.

By partnering with IRONMAN, VinFast seizes the opportunity to widely promote itself in global markets as well as inspire consumers to use electric vehicles.

Vietnamese electric-vehicle maker VinFast has signed agreements with Credit Suisse and Citigroup to raise $4 billion globally to fund its Carolina-based EV plant.

The partnership with ProLogium will enable VinFast to expand its global operations.

It is part of VinFast’s roadmap towards the goal of installing 150,000 chargers across the country this year.