Vietnam's Vinfast Boss Unwavering in Electric Car Expansion
Vietnam's leading carmaker, founded by its inaugural billionaire, is doubling down on electric vehicles — even as losses mount to billions of dollars
Riding the electric boom
Vietnamese conglomerate Vingroup and its vehicle subsidiary VinFast wantto conquer the US and Europe with high-end electric SUVs, which is an emblematicbet for a country posting record growth for several years.
Vingroup establishes property investment company
The VMI Real Estate Investment and Management Joint Stock Company (VMI JSC) was established on October 6, with Mr. Pham Nhat Vuong, Chairman of Vietnam’s largest private company, Vingroup, as the main shareholder. The VMI JSC was established to assist small capital investors with opportunities to invest in real estate, manage properties, and develop the secondary market to increase liquidity and the value of properties owned by Vingroup subsidiary Vinhomes.
Covid-19 vaccine factory to be built in Hanoi
Vingroup has negotiated with Arcturus Therapeutics - an American RNA medicines biotechnology company - to purchase mRNA vaccine technology for Covid-19 and will build a factory at the Hoa Lac Hi-Tech Park in Hanoi.