VinFast to export batch of VF8 electric vehicles

VinFast will organise a ceremony to celebrate the event at MCP Port of Dinh Vu – Cat Hai Economic Zone in Haiphong. The electric vehicles are expected to be handed over to clients in December.

The company also has plans to open more than 50 VinFast Stores across Germany, France, and the Netherlands.

In the framework of Los Angeles Auto Show 2022, VinFast struck a deal for 2,500 VF8 and VF9 with Autonomy – the US’s largest subscription service company.

In mid-November, VinFast debuted its first store in the Yorkdale Shopping Centre in Toronto, Canada. It is one of eight outlets that the company will open in Canada this year, and simultaneously is part of the country's market entrance in North America.

The company also has plans to open more than 50 VinFast Stores across Germany, France, and the Netherlands.

To realise its ambition to expand its operation overseas, VinFast is considering its planned initial public offering (IPO) in the US as soon as January 2023. In July, the automaker said that it had reached a deal with international financial institutions in a bid to fund $4 billion in efforts to assist in its expansion plan in the US.

With its widespread charging station system, VinFast is taking the lead in the electric vehicle sector, which is influencing the launch of electric cars by other manufacturers.

Vietnam is boosting the production of electric vehicles, with a rise in investment for related infrastructure. However, a lack of standards for charging systems may be holding back ambitions for this type of means of transport to dominate the market.

The Asian Development Bank (ADB) mobilised a $135 million climate financing package for VinFast Trading and Production JSC (VinFast) for manufacturing Vietnam's first fully-electric public transport bus fleet and first national electric vehicle charging network.