New Delhi (VNA) ܫ– Vietnamese automaker VinFast on September 6 officially launched sales of its premium electric SUVs - the VF 6 and VF 7 - in India.
These are the company’s first products for the Indian market, underscoring its strong commitment to accompany the South Asian nation on its transition towards green and sustainable mobility, while positioning VinFast as a key player shaping the future of India’s EV industry.
Speaking at the launch ceremony, Pham Sanh Chau, CEO of VinFast Asia, said, September 6 marks a historic milestone - the launch of cars that are not just made in India, but made by Indians, for Indians. “We are introducing a complete electric mobility ecosystem, thoughtfully designed for Indian families. The VF 6 and VF 7 embody the perfect harmony of practical design, premium quality, and cutting-edge technology that Indian consumers aspire to. Backed by our state-of-the-art Thoothukudi facility and strong ecosystem partnerships, we are committed to supporting India’s vision of becoming a global leader in electric mobility.”
In an interview with the Vietnam News Agency, Anuj Pandey, President of Modelama Group, welcomed the launch, calling the two models a timely addition to India’s EV market. He said their competitive pricing, coupled with the sector’s growth potential, will enable VinFast’s SUVs to generate strong consumer interest and elevate market competition to a new level.
R.K. Ram, Deputy General Manager for Corporate Accounts & Regional Projects at Manatec Electronics Pvt Ltd in Greater Chennai, said both the VF 6 and VF 7 made a positive impression, with the VF 7 offering more spacious interiors. He noted that VinFast’s pledge to provide free charging services for three years is a significant advantage in India, where charging infrastructure remains limited. The company’s focus on developing its own charging network, rather than relying solely on shared infrastructure, reflects a long-term vision for the market./.
VinFast Tamil Nadu is the company’s third operational plant and the fifth project in VinFast’s global network. It is also the first facility to be inaugurated outside Vietnam, demonstrating the global expansion vision and large-scale project implementation capacity.
The Surat outlet marks VinFast’s first physical touchpoint in India and highlights its long-term commitment to building a robust, customer-centric electric mobility ecosystem.
An official of the Foreign Trade Agency laid stress on the foundational role of rules of origin in international trade, highlighting the importance of capacity building for enforcement officers in the context of deep international integration.
Against the backdrop of the growing comprehensive strategic partnership between Vietnam and Russia, the promotion and export of Vietnam’s agricultural products not only diversify supply sources for the Russian market but also help enhance the brand values and competitiveness of Vietnamese enterprises in the market that remains untapped.
International trade is no longer merely an exchange of goods but a strategic lever enabling Vietnamese enterprises to enhance capacity, secure partnerships, and expand globally.
In the first eight months of 2025, Vietnam’s total trade value reached nearly 600 billion USD, up 16.3% year on year. Of this, exports stood at 306 billion USD, a 14.8% increase, already surpassing the full-year target.
Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.
Reaffirming Vietnam’s commitment to foreign investors, Finance Minister Nguyen Van Thang said government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Vietnam a sustainable and long-term investment destination.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
According to the World Bank Group, Vietnam will need approximately 368 billion USD in investment for climate adaptation and carbon reduction projects by 2040. Yet, as of the end of 2024, green credit accounted for just 4.5% of the country’s total outstanding loans.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
Businesses underlined the need for expanding green credit and non-collateral concessional loans for circular agriculture projects, facilitating their participation in national key projects, and fostering alliances among Vietnamese enterprises as well as cooperation with regional partners.
State-owned Vietcombank currently leads the banking system with total assets exceeding 85 billion USD and a market capitalisation of over 20 billion USD, while maintaining strong financial safety indicators. Its non-performing loan ratio remains the lowest in the sector at 0.97%.
Malaysia is Vietnam’s third-largest trading partner in ASEAN and ninth globally, as well as a key investor with 731 valid projects worth about 13 billion USD. Bilateral trade reached 9.23 billion USD by July 2025, up 8% year-on-year, nearing the 18 billion USD target.
Finance Minister Nguyen Van Thang noted that free trade agreements such as the UK–Vietnam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have expanded opportunities for businesses in both countries.
Lotte Shopping currently operates three department stores and 16 supermarkets in Vietnam, alongside one department store and 48 supermarkets in Indonesia. The company highlighted the success of its flagship Lotte Mall West Lake Hanoi, which opened in 2023, describing it as a model for future premium complexes. Kim said the group intends to replicate this concept in other major Vietnamese cities.
In the EU, illegal, unreported and unregulated (IUU) fishing remains a major obstacle to Vietnam's efforts to have the European Commission (EC)'s “yellow card" lifted. The bloc’s dense and constantly changing regulatory framework also affects farming zones, production processes and quality standards.
