Latest news with #Vingroup
Web Release
15-07-2025
- Automotive
- Web Release
Vingroup: A Multi-Sector Vision for Innovation and Sustainable Growth
Vingroup has emerged as one of Vietnam's most dynamic and influential private economic groups, transforming sectors as diverse as technology, real estate, healthcare, education, and manufacturing. At the heart of its success lies an integrated ecosystem model that fosters powerful synergies between its companies, allowing the Group to not only drive innovation but also set ambitious standards for sustainable development across industries. Founded in 1993 in Ukraine, Vingroup now has a multi-billion-dollar valuation and operates more than a dozen subsidiaries across key industries. From real estate developments like Vinhomes, which operates 30 urban complexes across Vietnam, to cutting-edge tech ventures, the Group has continually reimagined what a modern Vietnamese corporation can achieve. Today, it stands as a beacon for emerging markets looking to balance rapid economic growth with environmental stewardship and technological leadership. Among its most remarkable ventures, VinFast has captured global attention as Vietnam's first major car company, as well as its first major electric vehicle (EV) manufacturer. From its cutting-edge manufacturing facilities in Hai Phong to its design and engineering collaborations spanning Europe, including partnerships with Siemens and Pininfarina, VinFast is a compelling example of Vingroup's philosophy in action: building high-tech, world-class products that accelerate the transition to a greener future. VinFast's recent expansion into the UAE underscores this commitment to sustainability and innovation. As the country intensifies its efforts to diversify its economy and invest in renewable energy and electric transportation, VinFast's arrival resonates with the UAE's own vision for sustainable development. VinFast has collaborated with Al Tayer Motors, a leading UAE automotive group with over 40 years of experience. For consumers and businesses in the Emirates, the brand offers an opportunity to embrace clean mobility solutions without compromising on performance or sophistication. More broadly, Vingroup's approach demonstrates how a multi-sector strategy can create lasting impact. For customers, this means a seamless experience across daily needs, from Vinhomes smart residential communities and Vinschool's bilingual education to Vinmec's accredited healthcare and VinFast's electric vehicles. These are part of a unified ecosystem supported by consistently enforced quality standards, ensuring reliable service. This integrated model not only improves quality of life but also strengthens Vingroup's capacity to address broader challenges such as sustainable living, accessible healthcare, and clean mobility. By leveraging expertise across sectors, the Group is well positioned to meet society's evolving needs while cultivating a culture of continuous improvement and forward thinking. As VinFast gains traction in the UAE and beyond, it becomes a symbol of Vingroup's larger mission: to pioneer not only products, but also ideas that redefine what is possible when innovation and sustainability are woven into the fabric of an enterprise. In doing so, Vingroup has become more than a corporate success story. In fact, it has become an example of how purposeful ambition can shape a more resilient, technologically advanced, and environmentally responsible future.
Time of India
08-07-2025
- Automotive
- Time of India
Elon Musk's Tesla rival VinFast enters India: RoadGrid to support charging; $500 million plant in works
Vietnamese electric vehicle (EV) manufacturer VinFast has announced a partnership with Indian EV charging and aftersales solutions provider RoadGrid, as it gears up for its product launch in India later this year. VinFast, the electric vehicle subsidiary of Vietnam's Vingroup, is gearing up for a bold debut in India, positioning itself for competition with US based EV giant Tesla. In a statement on Tuesday, the company said that the collaboration is aimed towards strengthening its customer support network across the country by ensuring accessible and reliable charging infrastructure and aftersales services. The statement said that as the firm prepares to launch its products in India, it is building a strong foundation to offer customers nationwide accessibility, reliability, and convenience, with its partnership with RoadGrid forming a key part of this strategy. VinFast plans to launch its VF7 and VF6 models in India before the festive season. It also intends to expand its aftersales operations through service partnerships with players like RoadGrid. "Our goal is to make owning an electric vehicle as effortless and reassuring as possible. By joining hands with RoadGrid, we are taking meaningful steps to ensure that every VinFast customer in India has access to dependable charging and responsive service," said Pham Sanh Chau, CEO of VinFast Asia, quoted by PTI. RoadGrid CEO Deepesh Shrinath called VinFast's entry into the Indian EV space a 'turning point' and said the company would help build smart infrastructure backed by real-time connectivity and a solid service network. VinFast is investing $500 million to build a manufacturing facility in Tuticorin, Tamil Nadu. The plant is expected to be operational by early in the second half of 2025, with plans to scale up production to 1.5 lakh EVs annually. The company also aims to use India as a base for exports to the Middle East and Africa. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Times
04-07-2025
- Automotive
- Business Times
Deutsche Bank, SeaTown join VinFast's US$510 million private debt: sources
[SINGAPORE] Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto, according to people familiar with the matter. The facility for VinFast, an electric vehicle maker owned by Vietnamese conglomerate Vingroup, pays high-single digit returns, the people said, who asked not to be identified discussing private matters. Jefferies Financial Group was the sole financial adviser for VinFast and Vingroup for the deal, according to a LinkedIn announcement. A Vingroup representative confirmed the fundraising, saying it helps support VinFast's business operations. 'The loan has been secured on favourable commercial terms, given the current market conditions,' the representative said, without elaborating on the details of the deal. Meanwhile, spokespeople for Deutsche Bank and SeaTown declined to comment. VinFast has been tapping the loan market to fund its expansion plans regionally as it looks to compete with other global EV makers. The sector has become highly competitive with deep price cuts that are eating into earnings. Vingroup founder and chairman, Pham Nhat Vuong, who's also VinFast's chief executive officer, said last year that the company will continue to have his support until he runs 'out of money', Bloomberg News reported. VinFast is in talks with local Indian lenders for a US$200 million loan, as it looks to expand in the world's third-biggest car market, Bloomberg News reported. It also secured a 1.84 trillion rupiah (S$145 million) syndicated facility in April from Bank Negara Indonesia and Maybank Indonesia to fund its factory development in Indonesia's West Java province. BLOOMBERG
Bloomberg
04-07-2025
- Automotive
- Bloomberg
Deutsche Bank, SeaTown Join VinFast's $510 Million Private Debt
Deutsche Bank AG and SeaTown Holdings International are among the lenders providing a $510 million private credit loan to VinFast Auto Ltd., according to people familiar with the matter. The facility for VinFast, an electric vehicle maker owned by Vietnamese conglomerate Vingroup JSC, pays high-single digit returns, the people said, who asked not to be identified discussing private matters. Jefferies Financial Group Inc. was the sole financial adviser for VinFast and Vingroup for the deal, according to a LinkedIn announcement.
Bloomberg
04-07-2025
- Business
- Bloomberg
Deutsche, HSBC, SeaTown to Join Vingroup's Vincom Retail Loan
Vincom Retail JSC, a unit of Vietnamese conglomerate Vingroup JSC, has received commitments for its $240 million private credit loan, according to people familiar with the matter. SeaTown Holdings International, Deutsche Bank AG and HSBC Holdings Plc will provide around $160 million for the offshore piece, said the people, who asked not to be identified discussing private matters. Vietnamese banks and the local branches of several international lenders will fund the remaining $80 million-equivalent in Vietnamese dong, they said, adding that proceeds raised are for expansion and refinancing purposes.
