Now the richest man in Vietnam—Forbes estimates his worth at $6.2 billion —Pham is now intent on becoming a global automotive baron. Dubbed VinFast, his newest venture is intent on living up ...

Vinfast is part of Vingroup, whose founder Pham Nhat Vuong became Vietnam's richest man as the group's revenue ballooned more than 50-fold in 2011-2022 to over $5.5 billion.

Vietnam's automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolinato make electric buses, sport utility vehicles (SUVs ...

Business Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes This photo released by Vinfast shows Vinfast electric car VF3 at an event in Las Vegas on Jan. 9, 2024.

Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

In 2022, VinFast sold 24,000 cars globally, a tiny fraction of the deliveries made by the Volkswagen Group and Ford, which sold 8.3 million and 4.2 million, respectively.

Thanh Trieu decided to commit to purchasing 65 VinFast electric SUVs for his car rental company. He jumped at the chance to tour VinFast's Vietnam facility.

Vietnam's VinFast said on Saturday it would recall 730 of its model VF e34 electric cars (EVs), which are available only on the domestic market, to make checks and replace their side crash sensors.

VinFast returned just two months later, revealing at CES 2022 that it was readying a total of five all-electric models, including the first two coming to the U.S. Renamed the VF 8 and VF 9, they ...

VinFast must increase its sales to reduce per unit costs for its sprawling factory in northern Vietnam’s Haiphong province, which has the capacity to make around 250,000 EVs a year but is making ...

VinFast aims to sell 20,000 of these cars in Vietnam this year and deliveries will begin in August. It’s being sold on the Southeast Asian e-commerce website Shopee, with an initial deposit of ...