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The VinFast EV manufacturing complex in Hai Phong, Vietnam, is a testament to the company’s commitment to sustainability and innovation. VinFast, the automotive arm of Vingroup, was established with a vision beyond mere profit. Vingroup’s chairman, Pham Nhat Vuong, has affirmed that the creation of VinFast stemmed from a desire to contribute to society. This commitment to social impact is evident in VinFast’s dedication to a sustainable future. In 2022, VinFast made a bold pledge to achieve net-zero carbon emissions by 2040 by signing The Climate Pledge. Additionally, they committed to the COP26 Zero-Emission Vehicle (ZEV) Declaration, promising 100% zero-emission vehicle sales in key markets by 2035. To fulfill these promises, VinFast took a transformative step away from internal combustion engines and became one of the first automotive manufacturers to embrace electric vehicles fully. This decision positioned VinFast at the forefront of the global clean energy transition. ...

Over three decades, Vingroup has been instrumental in Vietnam’s development, reshaping its physical landscape and positively impacting the lives of millions. Today, it stands as a diversified industry leader, with a portfolio spanning industries such as Industry, Technology, Commerce, Services, and Social Philanthropy. The Landmark 81 Building, Ho Chi Minh City’s iconic skyscraper. Catalyzing Sustainable Economic Growth Vingroup has been a key contributor to Vietnam’s economic prosperity. In 2023, the group emerged as the country’s top taxpayer, highlighting its pivotal role in the nation’s fiscal landscape. With a total contribution of VND 30.9 trillion (approx. $1.32 billion) that year, Vingroup, alongside its affiliates Vinhomes and VinFast, accounted for over VND 51 trillion (approx. $2.2 billion) in the top 100 private enterprises’ total contributions. This equates to more than a quarter of the collective input from Vietnam’s leading private companies. Innovation is at...

With a presence across Vietnam, Vingroup has established itself as a prominent force in various sectors, spanning technology-industry, trade, and social enterprise. Their reach extends to all 63 provinces and cities within the country and even ventures into international markets on multiple continents. Vinhomes – Epitome of Luxury Living in Vietnam Let’s delve into each sector and explore the impact Vingroup has made: Technology-Industry Sector: VinFast, a subsidiary of Vingroup, is revolutionizing the automotive industry with its cutting-edge vehicles. Their diverse portfolio includes eight electric car models, electric buses, e-scooters, and bicycles, offering a sustainable transportation ecosystem. VinFast’s global expansion to the US, India, and Indonesia positions it as a future leader in the EV market. Trade & Services Sector: Vinhomes, the group’s real estate brand, sets the standard for luxury living in Vietnam. With projects like Ocean City, a sustainable liv...

The VinFast EV manufacturing complex in Haiphong, Vietnam, stands as a testament to the country’s economic growth and innovation. Haiphong Harbor, once a reminder of a bygone war, has transformed into a symbol of Vietnam’s remarkable economic ascent. However, Haiphong represents something even more significant – it is the birthplace of VinFast, Vietnam’s first domestic automaker with a global vision. As a subsidiary of Vingroup, Vietnam’s most prominent conglomerate, VinFast has not only become the nation’s inaugural car manufacturer but also a trailblazer in the electric vehicle (EV) arena. VinFast’s Rise to Prominence The existence of VinFast can be attributed to the vision and ambition of Vietnam’s wealthiest individual and Vingroup’s founder, Pham Nhat Vuong. Recognized for his resolute nature, Vuong established the automotive company in 2017. After introducing three gasoline-powered models, VinFast made a bold strategic shift towards electrification. The company comme...