Vingroup, one of Vietnam's leading conglomerates, has today broke ground on the National Exhibition and Convention Center project in Dong Anh district, Hanoi.
The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
Vingroup’s electric vehicle brand VinFast will lead the way for Vingroup’s investments in the Philippines in 2024, beginning with electric car and motorcycle dealerships.
VinCSS LLC, a cybersecurity startup under Vietnam’s largest private conglomerate Vingroup announced it has joined the FIDO Alliance. VinCSS provides robust solutions for strong authentication by leveraging open authentication standards that eliminate the reliance on passwords enable secured utilization of FIDO2 standard.
.jpg)
Vingroup’s leverage will likely remain elevated over the next 12-18 months, driven by its increasing debt-funded capital expenditure in the auto business.
The consortium led by the Singaporean sovereign wealth fund has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
Vingroup has acquired eight Queenland Mart stores in Ho Chi Minh City, enlarging its network of VinMart supermarkets and VinMart+ convenient stores to 2,122 outlets nationwide.
1,500 VinFast Fadil cars will be available through FastGo services for customers to experience in the coming months.
Vietnam’s largest listed enterprise in terms of market capitalisation is seeking for its shareholders’ approval on the issuance of $750 million worth of bonds to global investors in 2019.
Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
Fitch Ratings has withdrawn the ratings on Vingroup JSC.
In the first quarter, Techcombank’s lending growth has risen stoutly as the lender started to disburse home loans to buyers of the Vinhomes Sapphire project.
Automobile manufacturer VinFast, a member of Vietnam’s largest private enterprise Vingroup, has been put into operation today in Haiphong, ready for mass production of it cars three months earlier than the initial schedule.
The Korean giant starts to expand its presence in Southeast Asia.
