Business Daily Media

Men's Weekly

.

VinFast secures top market position in Vietnam

HANOI, VIETNAM - Media OutReach Newswire - 12 November 2024 – VinFast announced it has delivered more than 11,000 electric vehicles (EVs) to domestic customers in October, bringing its total sales since the beginning of the year to over 51,000 EVs.

This positions VinFast as the best-selling automotive brand in the Vietnamese market for October and the first ten months of 2024. VinFast is confident in maintaining its domestic leadership and contributing to the green transition of Vietnam's transportation sector.

Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market, officially becoming the best-selling automotive brand in the country.
Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market, officially becoming the best-selling automotive brand in the country.

Following strong sales in September 2024, VinFast continued its momentum in October by delivering more than 11,000 EVs—a 21% increase over the previous month. The VF 3 and VF 5 were the top-selling models, with nearly 5,000 EVs and over 2,600 EVs sold, respectively.

Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market. With a substantial number of pre-orders, large-scale production capacity, as well as a continuously expanding network of dealership and charging stations nationwide, VinFast is confident in maintaining its top position in the Vietnamese market and further widening its lead over competitors.

VinFast becoming the best-selling car brand in its domestic market marks a significant breakthrough for Vietnam automotive industry. In just over five years since market entry, VinFast managed to not only establish a firm foothold but also overtake foreign competitors to secure the largest market share. Notably, VinFast is also the first electric vehicle brand to surpass gasoline-powered competitor to become the market-leading brand, just two years after its transition to a pure-play brand.

VinFast's remarkable growth is a testament to the capabilities and resilience of the Vietnamese people in high-tech industry, and underscores strong consumer support for eco-friendly, smart electric vehicles. Vietnam is now among the few countries where domestic auto sales are led by a pure-play EV company.

VinFast secures top market position in Vietnam


Reflecting on this historic milestone, Mr. Pham Nhat Vuong, Chairman of Vingroup and CEO of VinFast Global, shared: "Achieving this milestone is, first and foremost, thanks to the support of hundreds of thousands of VinFast customers—those who have pioneeringly backed a young Vietnamese brand, who have shown patience in using our products, and have provided invaluable feedback to improve VinFast's products and services from the start. Their insights and support have helped VinFast make improvements in product and service quality to reach where we are today. On behalf of all employees at Vingroup and VinFast, I extend my deepest gratitude to every VinFast customer and pledge that we will not rest on our current achievements. We will continually strive to research and implement solutions to elevate our product and service quality to increase customer satisfaction even further. I'd also like to thank the entire VinFast and Vingroup team for their resilience in overcoming numerous challenges and doubts. Together, we have wholeheartedly and creatively fulfilled our mission."

Currently, VinFast offers seven electric vehicle models across all segments in the Vietnamese market, from mini-SUVs to E-SUVs, with competitive pricing options that cater to diverse customer needs and remain attractive compared to gasoline vehicles in the same segment. VinFast is also actively expanding internationally, strengthening its presence in multiple countries and regions worldwide to contribute to the global shift toward electric mobility.

The Company also announced that it will release its 3Q24 financial results before the market opens on November 26, 2024. On the same day, VinFast's management will hold a live webcast to discuss the Company's business performance and strategy. Details for the call are below:

- What: VinFast Q3 2024 Financial Results and Q&A Webcast
- When: Tuesday, November 26, 2024
- Time: 8:00 a.m. Eastern Standard Time
- Live webcast: https://edge.media-server.com/mmc/p/5725mupo

A replay of the webcast will also be made available on the Company's website.

For additional information, please visit ir.vinfastauto.us.

Investor Relations Email: ir@vinfastauto.com
Hashtag: #VinFast #EVs #VF3 #VF5 #topmarket


The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, EMEA and Asia. Learn more at:


News from Asia

Protus Group Attends the 80th National Day Anniversary of Vietnam in Singapore

HANOI, VIETNAM - Media OutReach Newswire - 28 August 2025 - Mr. Gao Minghui, Chairman and Chief Executive Officer of Protus Group, was recently honored with an invitation to attend the 80th Anni...

SG60 Financial Future Poll: Half of Gen Zs believe they can retire well but 72 per cent have no plan

Baby Boomers wish they started planning 12 years earlierSINGAPORE - Media OutReach Newswire - 28 August 2025 – As Singapore celebrates 60 years of independence, Gen Zs (aged 16-28) are optimistic ...

Expats experience services in Qianhai: No Red Tape, Only Red Carpets

SHENZHEN, CHINA - Media OutReach Newswire - 28 August 2025 - On the morning of August 27, "Qianhai Block V" was officially launched with the presence of representatives from various sectors in She...

Vietnam’s Global Aspirations on Display at Hanoi’s New Vietnam Exposition Center

The launch of Vietnam Exposition Center has affirmed its status as Hanoi’s newest architectural icon, while also highlighting Vietnam’s rising position on the global map of preferred destinations f...

Best Mart 360 Reports Interim Revenue Growth to HK$1.44 billion

Proposed an interim dividend of HK11.0 cents per shareHighlights: Revenue increased to approximately HK$1,436.6 million. Gross profit increased to approximately HK$518.2 million...

Changan’s "Vast Ocean Plan" Accelerates – A New Era in Global Service Leadership

BANGKOK, THAILAND - Media OutReach Newswire - 28 August 2025 - "Skills beyond borders, service beyond boundaries" – On August 27-28, 2025, ChangAn Automobile successfully hosted its 1st Global Ser...

GWM Hi4 Series: Globally Launched with a Revitalized Look, Empowering Hybrid 4WD Technology with Millennia-Old Wisdom

BAODING, CHINA - Media OutReach Newswire - 28 August 2025 - At the GWM Hi4 Technology Global Launch Event on August 27, 2025, Jack Wey, Chairman of GWM, took the timeless "working in harmony with ...

Hun Ming Kwang, Founder of InnerWork Circle, Wins Excellence in Professional Coaching Award at Ignite Global 2025

SINGAPORE - Media OutReach Newswire - 29 August 2025 - Hun Ming Kwang, founder of Singapore-based coaching and consulting practice InnerWork Circle, has received the Excellence in Professional C...

Uni-Bio Science Group Announces 2025 Interim Results

EPS Surged to 1.27 HK Cents with a Three-year CAGR of 43.1%, Robust Revenue Growth Driven by Strong Demand for Bogutai® and Omnichannel StrategyHONG KONG SAR - EQS Newswire - 28 August 2025 - A ful...

CUHK Faculty of Education Leads Global Innovation in Education Research and Teaching

HONG KONG SAR - Media OutReach Newswire - 29 August 2025 - The Chinese University of Hong Kong's Faculty of Education continues to strengthen its position as a global leader in education, achiev...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Sell by LayBy