VinFast named among world's 100 most influential companies in 2024
Electric vehicle maker VinFast has become the only representative from Vietnam to be listed in the "TIME 100 most influential companies 2024”, alongside Google, Microsoft, and Amazon.
Model VinFast VF8 - Illustrative image (Photo: VinFast)
Hanoi (VNA) - Electric vehicle maker VinFast has become the only representative from Vietnam to be listed in the "TIME 100 most influential companies 2024”, alongside Google, Microsoft, and Amazon.
This is the third year the US-based TIME Magazine has voted for this list, and for the first time a Vietnamese company has been named in the list.
TIME said Vinfast has made a global impact in the EV industry due to the lightning pace of construction of its factory in just 21 months.
Accordingly, VinFast is classified in the category 'Disrupters' for those that have made surprises in the past year.
TIME pointed out factors that they believe VinFast has created surprises, such as VinFast’s August IPO, with shares rocketing 700% over two weeks after its debut on the New York Stock Exchange; the firm’s unique model of selling electric cars and leasing batteries; and its bold plans to triple vehicle delivery in 2024 to 100,000.
The magazine said billionaire Pham Nhat Vuong, the founder and current CEO of VinFast, has pledged an additional 1 billion USD of his personal wealth to the firm.
TIME highlighted that VinFast has opened factories in the US, Indonesia, and India in addition to its main factory in Hai Phong, Vietnam.
꧅ VinFast has planned to expand its operation to 50 countries in 2024, focusing on key markets in North America, Europe, India, Indonesia, Thailand, the Philippines, the Middle East, and Africa./.
VinFast Auto on May 15 announced the signing of a cooperation agreement with Bosch, one of the leading global suppliers of automotive technology and services, giving VinFast customers in Europe access to Bosch's extensive network of 700,000 charging points in 30 European countries and providing them with the freedom and convenience to travel across Europe with confidence.
Leading IT services provider FPT Software and automotive manufacturer VinFast of Vietnam were honoured at the 14th Annual “Jewels of Asia” Awards Gala hosted by the Asian American Chamber of Commerce (AACC) in Virginia state of the US on May 2.
Vietnamese EV maker VinFast on May 31 announced the signing of cooperation agreements with the first four Philippine dealers, paving the way for a strong retail network and solidly establishing the company's presence in the Southeast Asian country's electric vehicle market.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
