VinFast: A Breakthrough Journey from Vietnam to the World
Founded with a mission to drive the transition to green transportation, VinFast has established a presence across key international markets including the United States, Europe, and the Middle East. This strategic expansion reflects the company's determination to deliver sustainable mobility solutions to a global audience through premium electric vehicles that combine advanced technology, sophisticated design, and accessible pricing.
VinFast's global footprint continues to grow at an impressive pace. After establishing a presence in key Western markets such as the United States and Europe, the company is now focusing on expanding in Asia, which is rapidly embracing electric mobility. The Middle East represents another new frontier, where national sustainability agendas are creating momentum for electric transportation and green investment.
Central to VinFast's strategy is its comprehensive EV ecosystem, encompassing vehicle production, charging infrastructure, aftersales network, and reliable services. This holistic approach not only delivers seamless experiences for drivers but also supports global efforts to reduce emissions and advance sustainable development.
In fact, VinFast's journey from Vietnam to the world is more than an industrial success story – it is a symbol of the rising competitiveness of Vietnamese brands on the global stage and part of a new generation of Asian enterprises pioneering innovation, sustainability, and positive change.
As the world embraces the shift toward electrification, VinFast stands out for its bold vision, rapid execution, and dedication to making smart electric mobility accessible for all. With a strong foundation and an expanding international network, the brand is poised to play a transformative role in the future of transportation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CairoScene
2 days ago
- CairoScene
Egyptian Label 69-R7r7a Intends to Stay Slow & Locally Rooted
Egyptian Label 69-R7r7a Intends to Stay Slow & Locally Rooted When you go through 69-R7r7a's online store, you might notice a general sense of lawless nonchalance in their growing portfolio. This impression is not particularly bound by any concrete aspect of their clothing, except for the fact that a good portion of their catalogue assumes a relaxed fit; it's more in the very philosophy 69-R7r7a embodies. Like, this is the brand that broke the Egyptian corner of the internet with a full-length coat made entirely out of a traditional grandma's coverlet (more commonly, a 'coverta'), and didn't even bat an eye. Throughout my sinuous conversation with the 69-R7r7a founders, held over a choppy online meeting throughout which Jomana ElBendary and Youssef Gamal traded a phone between them while the other put out business-related fires, I realised the relaxedness of their brand was a reflection of their dynamic. The two founders met at the entrance exam for the Fine Arts program at Helwan University, and despite not immediately developing a friendship, they both developed a deep-rooted respect for each other's art. At around the same time, Gamal was starting his oversized clothing brand in 2018 (yep, way before the hype) under the name 69-R7r7a, while ElBendary made tie-dye and accessories. Two years after they both shut down their businesses, ElBendary was exploring new artistic fronts, this time of a more musical nature. 'I was on the hunt for a specific look that I just couldn't find anywhere - and we already knew how to make things. So I reached out to Gamal and said, 'Why don't we revive and repurpose 69-R7r7a?'' And just like that, 69-R7r7a as we know it - a brand that often revives and repurposes clothing at the end of its life - was itself reborn. 'When I think of 69-R7r7a, I think of it as less of a label and more of a space where we can create art, and give life to garments and objects that would otherwise be in a landfill,' says Gamal. 'That art just made its way, naturally, to fashion.' The art Gamal refers to is evident in the pieces 69-R7r7a crafts, and it's wildly unique from anything else on the market. You see, 69-R7r7a doesn't follow a brand manual, there's no 'inspo' Pinterest board. The brand is adamant on avoiding the common regional brand pitfall of wanting to mimic a collection or general creative direction that's already in existence somewhere in the West. It's not an 'Oh, I wish we had that in Egypt' situation; it's entirely novel. 'We refuse to associate with Pinterest at all,' ElBendary tells us. 'It stifles our creativity. If you copy someone else's painting, that doesn't make you an artist, does it?' 69-R7r7a's rejection of mood boards as a concept is also rooted in the fact that most of the content they could get inspiration from would be entirely Western; it's art created from Western inspiration by Western people. It just didn't reflect them. Instead, 69-R7r7a's 'inspo' board is what they can see in their day-to-day life in Cairo, and what they have seen growing up. That's how the 'coverta' line happened. 'We grew up surrounded by coverlets,' Gamal says. 'They're kind of like cultural symbols now. This is a memory we all share. When we restarted 69-R7r7a, we honestly felt like they provoked us to do something with them, so I borrowed one from my mum to experiment with.' Gamal believes that the mundane familiarity of the coverlet, the way our eyes are used to seeing it, is what made it such an insistent project. His mum was not happy to lose her coverlet. The 'coverta' coat, like the rest of the 69-R7r7a catalogue, was made by hand. Everything from the sewing pattern to the lining to the finishing is made by ElBendary and Gamal in their studio. In fact, when they first started out, they didn't even have a sewing machine, their pieces were entirely hand-sewn. Now, they use Gamal's grandmother's sewing machine. In Gamal's words, 'The only thing made in a factory is the clothing tags, and we attach them to our pieces by hand.' 69-R7r7a intends to maintain its slow production process; it's an integral aspect of the brand's identity, it allows them to think extensively about each individual piece they put out. Every stitch, every fabric choice is completely intentional. The very fact that ElBendary and Gamal design the patterns themselves ensures that these are clothes made to fit Egyptian bodies, instead of a mannequin modelled to the silhouette of a Western figure. Besides, 69-R7r7a became what it is today thanks to a fierce rejection of the mass production of clothing. 'We believe that the clothes you wear not only reflect your identity. They also shape it. It's slow, minute change, but it accumulates over time. Who would want their identity to be mass-produced?' Because every 69-R7r7a piece is an entire artistic endeavour on its own, the founders view them as heirlooms. 'We create our pieces to be immortal. We want them to be passed down through generations, the way a valuable tapestry or painting is kept in the family. They're wearable art.'
Mid East Info
2 days ago
- Mid East Info
Market Mondays: Tariff Deals, Tech Earnings and Fed Signals
By Daniela Sabin Hathorn, senior market analyst at With a wave of international trade agreements taking shape and key economic data on the horizon, global markets are recalibrating their expectations. While tariff concerns have eased for now, attention has turned to earnings season and the Federal Reserve's next move. Trade Tensions Subside, but Unease Remains Recent trade agreements between the United States and key partners, including the European Union and Japan, have reduced immediate risks for global markets. Although these deals remove some uncertainty, they leave important questions unanswered—particularly around enforcement and long-term viability. Despite agreements to limit tariffs to around 15%—a far cry from the earlier threats of 30% to 50%—concerns linger over the uneven terms of these deals. The EU, for example, has committed to purchasing approximately $750 billion in U.S. energy and making additional investments worth $600 billion. Meanwhile, certain sectors, such as aluminium and steel, remain subject to higher tariffs. Markets initially responded positively, particularly during the Asian open, with European equity futures pointing higher. However, these gains proved short-lived, as investors took a closer look at the underlying terms of the deals. The perception that the U.S. has come out ahead, while others have made larger concessions, may be fuelling scepticism—especially in European markets. Monetary Policy Outlook: No Cut Expected Yet As the dust settles on trade negotiations, attention is turning toward the Federal Reserve and upcoming economic data. The central bank is expected to keep interest rates steady in its upcoming meeting. There is little urgency to cut, especially with inflation still hovering at uncomfortable levels and economic data showing continued resilience. Second-quarter GDP growth is projected to come in around 2.4%, according to forecasts. This would mark a significant rebound from the previous quarter and reinforce the strength of the U.S. economy relative to other developed nations. Meanwhile, consumer inflation has shown modest increases, with some businesses beginning to pass on higher input costs due to tariffs. A key data point—the PCE price index—will help inform the Fed's path forward. Labour market data is also expected to show stable conditions, with only a slight uptick in the unemployment rate anticipated. Markets are currently pricing in one to two rate cuts before the end of the year, but this may prove optimistic unless there is a clear downturn in either inflation or labour market strength. The Federal Reserve appears poised to wait for more conclusive evidence before adjusting its policy stance. Corporate Earnings in Focus: AI, Capex, and Economic Health This week marks a critical phase of earnings season, with tech giants Apple, Amazon, Meta, and Microsoft reporting results. These companies are under close scrutiny for their ability to convert artificial intelligence investments into actual revenue, as well as their discipline on capital expenditure. Last week, Alphabet posted robust results, beating expectations across the board. Although a higher-than-expected capex figure caused brief market jitters, the strength of its earnings helped reinforce investor confidence. The takeaway: markets appear more tolerant of increased spending—so long as there is visible progress on AI monetization and profitability. Apple, in contrast, is seen as more vulnerable due to its limited AI positioning and slowing growth in key markets like China, where domestic competitors are gaining ground. The performance of these tech leaders will likely set the tone for the rest of the quarter. Despite earlier concerns about profit margins, a strong majority—approximately 84%—of S&P 500 companies reporting so far have exceeded earnings expectations. This is the best showing in several years and suggests that corporate America remains resilient. Outlook: Optimism with a Note of Caution Equity markets continue to hover near record highs, supported by strong earnings, easing trade tensions, and solid economic data. However, there are signs of stretched valuations and low implied volatility, leaving room for sharper reactions if future data or earnings disappoint. For now, the prevailing sentiment remains constructive. With major risks seemingly neutralized and economic indicators holding up, the path of least resistance appears to be upward. That said, any unexpected weakness—whether in earnings, inflation, or labour – could introduce volatility in an otherwise optimistic landscape.
Al-Ahram Weekly
3 days ago
- Al-Ahram Weekly
Russia starts direct flights to North Korea - International
Russia on Sunday began direct commercial flights to North Korea, in a further sign of closer ties with its Asian ally helping its offensive in Ukraine. The first Moscow-Pyongyang flight, operated by Nordwind Airlines, was scheduled to take off at 1600 GMT and land in the North Korean capital some eight hours later, according to the carrier's website. Nordwind Airlines, a company that used to serve holiday destinations in Europe before the EU imposed a ban on Russian flights, had tickets priced at 45,000 rubles ($570). Russia's state news agency TASS reported that the first flight going the other way, from Pyongyang to Moscow, would take place on Tuesday. Russia's transport ministry said the route would be serviced once a month. Russia and North Korea restored train links on June 17 after suspending them in 2020 during the Covid pandemic. The two countries have been forging closer military bonds in recent years, with Pyongyang supplying troops and weapons for Russia to use in its military operations in Ukraine. They signed a mutual defence pact last year, when Russian President Vladimir Putin visited North Korea. North Korea confirmed for the first time in April that it had deployed a contingent of its soldiers to the frontline in Ukraine, alongside Russian troops. Follow us on: Facebook Instagram Whatsapp Short link:
