Latest news with #Vietnam-based
New Indian Express
2 days ago
- Automotive
- New Indian Express
VinFast opens first showroom in India
VinFast Auto India, the Indian subsidiary of Vietnam-based EV manufacturer VinFast, opened its first India showroom in Surat, Gujarat. This inauguration marks a significant milestone in the company's retail journey in the country. The outlet serves as the brand's physical touchpoint in India, underscoring VinFast's long-term commitment to establishing a strong, customer-centric electric mobility ecosystem. The dealership 'VinFast Surat' is promoted by the Chandan Car. Located in Piplod, Surat, the dealership will serve as a one-stop destination for VinFast's prospective buyers. Spanning across 3,000 SqFt, the Showroom will showcase VinFast's upcoming range of premium electric SUVs - VF 6 and VF 7. The company aims to launch 35 dealerships by year-end, across 27+ cities. VinFast officially opened pre-bookings for its premium electric SUVs, the VF 6 and VF 7 on July 15, 2025. Customers can now book their preferred VinFast premium electric SUV either at the exclusive showrooms or through the official website, with a fully refundable booking amount of Rs 21,000. The vehicles will be locally assembled at VinFast's upcoming factory in Thoothukudi, Tamil Nadu, reinforcing the company's long-term commitment to India as a strategic market and future hub for electric vehicle production. 'The first VinFast Showroom in Surat, Gujarat is a symbol of our deep commitment to India. We are excited to bring the VinFast experience closer to Indian consumers. With this dealership in Gujarat, we aim to offer not just electric vehicles, but a complete ownership journey built on quality, trust, and service excellence,' Pham Sanh Chau, CEO, VinFast Asia, said. As part of its India market entry, VinFast has formed strategic partnerships with RoadGrid, myTVS, and Global Assure to establish a nationwide network for charging and after-sales services. VinFast has also partnered with BatX Energies, a leading Indian clean-tech company, to promote battery recycling and develop a circular battery value chain.
News18
2 days ago
- Automotive
- News18
VinFast Spreads Roots In India, Opens First Showroom Ahead Of EV Plant Inauguration
Last Updated: The outlet will serve as VinFast's physical touchpoint, allowing the customers to expirence the overall product line with a customer-centric electric mobility ecosystem. The Vietnam-based electric four-wheeler maker, VinFast has been putting efforts to establish its market in India. With the two products in the fleet, the company has now opened its first authorised showroom in Surat, Gujarat. The steps for the same have been taken ahead of the company's electric vehicle plant inauguration in the country. The company calls the launch a significant step towards shaping the country's electric mobility. As per the details shared by the brand, the outlet will serve as VinFast's physical touchpoint, allowing the customers to expirence the overall product line with a customer-centric electric mobility ecosystem. Here's What Top Official Says Speaking about the launch, Pham Sanh Chau, CEO, VinFast Asia, said, 'The first VinFast Showroom in Surat, Gujarat, is a symbol of our deep commitment to India. We are excited to bring the VinFast experience closer to Indian consumers. With this dealership in Gujarat, we aim to offer not just electric vehicles, but a complete ownership journey built on quality, trust, and service excellence." Current Product Range view comments First Published: July 27, 2025, 14:40 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
New York Post
3 days ago
- Business
- New York Post
AI-fueled crypto scams are booming, up 456% — and no one is safe, expert warns
Crypto crooks are getting bolder — and now, they sound just like your mom. Global crypto scams soared 456% between May 2024 and April 2025 — becoming increasingly reliant on AI-generated voices, deepfake videos and phony credentials to fleece unsuspecting victims, blockchain intelligence firm TRM Labs' Ari Redbord told The Post after testifying before Congress last Tuesday. 'These scams are highly effective, as the technology feels incredibly real and familiar to the victim,' Redbord said. Advertisement 4 TRM Labs' Ari Redbord, who testified before Congress last week, says scammers are now using AI-generated voices and deepfake credentials to mimic loved ones and steal crypto. Igor Faun – 'We've seen cases where scammers use AI to replicate the voice of a loved one, tricking the victim into transferring money under the guise of an urgent request.' And the threat is exploding — especially in high-density cities like New York, Miami and Los Angeles, he added. In June, New York officials froze $300,000 in stolen cryptocurrency and seized more than 100 scam websites linked to a Vietnam-based ring that targeted Russian-speaking Brooklynites with fake Facebook investment ads. Advertisement Meta shut down over 700 Facebook accounts tied to the scam. Investigators say the group used deepfake BitLicense certificates and moved victims onto encrypted apps like Telegram before draining their wallets. 4 Even crypto pros aren't safe — MoonPay's CEO and CFO were conned into wiring $250,000 to a scammer pretending to be a Trump inauguration insider. Igor Faun – Advertisement Some New Yorkers lost hundreds of thousands of dollars — and it's not just everyday joes getting targeted. Even crypto insiders are falling for it. Florida-based crypto firm MoonPay saw its CEO Ivan Soto-Wright and CFO Mouna Ammari Siala duped into wiring $250,000 in crypto to a scammer posing as Trump inauguration co-chair Steve Witkoff, according to a recent Department of Justice complaint. And that's just the tip of the iceberg. Globally, fraudsters swiped more than $10.7 billion in 2024 through crypto cons — including romance scams, fake trading platforms and 'pig-butchering,' where scammers build fake relationships before draining victims' accounts, Redbord said. Advertisement In the US, Americans filed nearly 150,000 crypto-related fraud complaints in 2024, with losses topping $3.9 billion, according to the FBI. But the real number is likely much higher. 4 A Vietnam-based ring targeted Brooklyn's Russian-speaking community with fake BitLicenses and phony Facebook accounts before vanishing with hundreds of thousands. Igor Faun – 'Only around 15% of victims actually report these crimes,' Redbord said, citing shame, fear and distrust in law enforcement — particularly among older adults and immigrant communities. One of these scammers go-to tools? Crypto ATMs — especially those tucked inside New York delis and convenience stores. Illicit use at these kiosks is more than twice as high as in the broader crypto market, Redbord said. Victims are often directed to scan a QR code and deposit cash, instantly converting it to crypto before the funds disappear. As the scams rage on, Washington is starting to bring order to the Wild West of crypto. 4 Officials say the real number of crypto scam victims is far higher than reported, as shame and fear keep many from coming forward. Igor Faun – House lawmakers wrapped up 'Crypto Week' last Thursday by passing the first-ever comprehensive cryptocurrency legislation — a trio of bills focused on regulating stablecoins, trading platforms and digital asset infrastructure. Advertisement Even so, Redbord advised, common sense is the best defense. 'If something feels too good to be true — especially unsolicited investment advice — it almost always is,' he said. 'Verify the platform. Confirm identities. And when in doubt, report it — whether to IC3, Chainabuse or your local authorities.'
Barnama
22-07-2025
- Business
- Barnama
AM Best Assigns Stable Outlook To Vietnam's Military Insurance Corporation
BUSINESS KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B++ (Good), a long-term issuer credit rating of 'bbb' (Good) and a Vietnam National Scale Rating (NSR) of (Exceptional) to Military Insurance Corporation (MIC). The outlook assigned to these credit ratings (ratings) is stable, reflecting Vietnam-based MIC's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. AM Best in a statement said the ratings also factored in a neutral impact from the company's ultimate parent, Military Commercial Joint Stock Bank (MB). As measured by Best's Capital Adequacy Ratio, MIC's balance sheet strength assessment is underpinned by the strongest level of risk-adjusted capitalisation. It benefits from good financial flexibility, with a demonstrated track record of capital injections over the last 10 years. The company's track record of robust internal capital generation is also viewed to be supportive of capital requirements arising from planned business growth, in addition to having a conservative investment strategy, with the majority of investments held in cash, term deposits and fixed-income securities. AM Best considers MIC's operating performance to be satisfactory, with an average return on equity of 11.2 percent over five years and a combined ratio of 98.5 percent from 2020 to 2024, while its steady income from term deposits and bonds plays a key role in its total earnings. However, the company posted an underwriting loss last year, mainly driven by Typhoon Yagi and other one-off factors, as it also reported a return to underwriting profitability in the first quarter of 2025. Prospective business expansion in wholesale lines is expected to support an improvement in overall results. Furthermore, the credit rating agency assesses MIC's business profile as neutral. The company ranked fourth by gross premiums written in Vietnam's non-life insurance market, with approximately 6.3 per cent market share in 2024. -- BERNAMA
Time of India
15-07-2025
- Automotive
- Time of India
Tesla begins India journey in Mumbai; check full price list of Model Y
Tech entrepreneur Elon Musk 's Tesla is now selling its Model Y vehicles in India, starting at around $69,770 (₹60 lakh), according to its website on Tuesday, as the electric vehicle maker prepares to open its first showroom in Mumbai, the country's financial hub. India is currently the world's third-largest automobile market, though electric vehicles still account for only a small share. Concerns over the availability of charging infrastructure continue to discourage even wealthy buyers from choosing electric cars. Also Read: Tesla's Rs 60 lakh+ per car India entry hides a plan behind showroom glass by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Average Cost To Rent A Private Jet May Surprise You (View Prices) Private Jet I Search Ads Learn More Undo As Tesla prepares to take on India's crowded roads, which remain dominated by diesel and petrol-powered vehicles, it will primarily be competing in the premium electric vehicle segment against German carmakers such as BMW and Mercedes-Benz. Among Indian manufacturers, Tata Motors and Mahindra are the most active in the mass-market electric vehicle space. Live Events Security was visible outside the Tesla showroom, where the company's logo appeared in black on a plain white wall. The Model Y was partly visible through the glass of the gated office compound on Tuesday, covered in black and grey fabric. Strict access controls meant only a few people gathered near the location, with limited interest from the public or fans. Musk has had an interest in entering the Indian market for some time. India is now the world's most populous nation, and wealthy consumers are spending heavily on everything from flats and watches to jewellery and even bathrooms. India has set a target of increasing the share of electric vehicles in its domestic car market to 30% by 2030, up from the current 4%. It has offered tax reductions to foreign carmakers willing to commit to local manufacturing. These incentives have not strongly attracted Musk, even though the policy was partly aimed at bringing Tesla into the country. Tesla's debut comes just as Vietnam-based electric carmaker Vinfast begins pre-bookings in India for its VF7 and VF6 electric SUVs. Tesla's Model Y rear-wheel drive is priced at ₹60 lakh ($70,000) for upfront payment, while the long-range rear-wheel drive version is listed at ₹68 lakh ($79,000). In comparison, the base Model Y costs $44,990 in the US, 263,500 yuan ($36,700) in China, and €45,970 ($53,700) in Germany.
