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VinFast sets new record at IIMS Surabaya 2025 with four awards, VF 3 named 'Best EV City Car'

VinFast sets new record at IIMS Surabaya 2025 with four awards, VF 3 named 'Best EV City Car'

The Sun02-06-2025
SURABAYA, INDONESIA - Media OutReach Newswire - 2 June 2025 - VinFast announces it has secured four prestigious awards at the Indonesia International Motor Show Surabaya (IIMS Surabaya) 2025. Achieving decisive victories in four key categories, voted on by both the Organizing Committee and show attendees, VinFast has solidified its reputation, standing, and strong appeal among industry experts, car enthusiasts, and consumers in Indonesia.
The Organizing Committee of IIMS Surabaya 2025 has honored VinFast in four categories: ' Best EV City Car' for VF 3, 'Favorite New Car Launch' for VF 6, 'Best Booth Car ' and ' Best Costume | Miss IIMS Surabaya 2025 '.
IIMS is the nation's premier and largest exhibition system, drawing dozens of automotive, motorcycle, and technology brands globally each year.
IIMS Surabaya, held in East Java - Indonesia's second-largest region after Jakarta - consistently attracts a significant number of visitors and industry enthusiasts. The IIMS Surabaya 2025 expert panel features leading journalists and specialists from esteemed organizations.
In the 'Best EV City Car' category, VinFast VF 3 outperformed competitors from China, Japan, securing an overwhelming 89% of the total votes. This impressive win was based on the votes of over 50,000 show attendees and the official voting system of the organizers.
The VF 3 has garnered significant attention since its official debut in Indonesia, becoming the most-test-driven vehicle at IIMS 2025 in February.
With its distinctive design, impressive features, and accessible price, the VF 3 has emerged as an ideal urban vehicle. It's truly empowering owners to showcase their individuality and unique style with passion.
The Organizing Committee also honored the VF 6, the newest addition to VinFast's product lineup in Indonesia, with the 'Favorite New Car Launch' award. The expert panel highly praised the VF 6's modern design, advanced technological features, and exhilarating driving experience. This model is expected to quickly win over Indonesian consumers and pave the way for a future of 'Electrified Transportation for Everyone.'
In addition to the product awards, VinFast was also honored with 'Best Booth Car' and 'Best Costume | Miss IIMS Surabaya 2025.'
VinFast's exhibition booth stood out as the largest at the show, featuring a modern, futuristic design that powerfully inspired visitors with a vision of a green and civilized electric transportation future.
The expert panel, media, and numerous attendees were particularly impressed by the elegant image of the Vietnamese Ao Dai. This created a unique cultural highlight, blending traditional beauty with modern appeal, and affirming the fierce spirit of Vietnamese and Southeast Asian people in the global green revolution.
Mr. Rudi MF, as the Project Manager of Indonesia International Motor Show, stated: 'We are very impressed with the product quality, the message conveyed, and the connection established with the audience as demonstrated by VinFast. The VF 3 and VF 6 models stand out as an interesting model that resonate well with both experts and the general public—something that is increasingly difficult to achieve in today's competitive market. VinFast's positive engagement at IIMS Surabaya 2025 was clearly reflected in the high level of visitor enthusiasm at their booth. VinFast successfully captured attention with their innovative presentation and the opportunity for visitors to directly experience their electric vehicle technology. This extraordinary response not only affirms the appeal of VinFast's products but also signifies their strong position in promoting the adoption of electric vehicles in Indonesia.'
Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: 'Winning four awards at IIMS Surabaya 2025 is an incredibly proud milestone for VinFast. We are confident that we are on the right path in accelerating the green transition in Indonesia. With our diverse product range, from the VF 3, VF 5, VF 6, to the VF e34, and our comprehensive 'For a Green Future' ecosystem, VinFast is committed to continuing our journey with Indonesian consumers and contributing to the development of the region's most promising electric vehicle market.'
In just one year of presence in Indonesia, VinFast has launched four EV models – VF 3, VF 5, VF 6, and VF e34 – while expanding its distribution network in major cities including Jakarta, Bandung, Surabaya, and Bali. Additionally, VinFast is collaborating with partners such as Otoklix, and BOS to deploy 500 authorized service workshops nationwide by the end of 2025.
VinFast is also accelerating the development of a comprehensive green mobility ecosystem in Indonesia through strategic partnerships with companies like GSM (electric taxi service) and V-GREEN (charging infrastructure), further reinforcing VinFast's long-term investment commitment to the Indonesian market.
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Vietnam's richest man shifts strategy after US$14bil bet on EVs
Vietnam's richest man shifts strategy after US$14bil bet on EVs

The Star

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  • The Star

Vietnam's richest man shifts strategy after US$14bil bet on EVs

HANOI: Pham Nhat Vuong (pic) spent billions of dollars on an unsuccessful push to turn his upstart electric automaker into a major player in the US and Europe. Now, Vietnam's richest man is changing tack - betting his path to halting deep losses at VinFast Auto Ltd runs instead through Asian markets like India, Indonesia and the Philippines. It's the latest twist in an against-the-odds quest by the 57-year-old property tycoon to build a global carmaker. At least US$14 billion has already been poured into VinFast, including funding from Vuong's conglomerate Vingroup JSC, its affiliates and external lenders - as well as more than $2 billion of his own fortune. He says he's willing to support VinFast until his money runs out. Vuong's commitment has kept the company afloat even as losses mount. Last year it booked $1.57 of costs for every $1 of sales and logged a $3.2 billion loss. It's a race against time, said Tu Le, founder of Detroit-based auto consulting firm Sino Auto Insights. While VinFast is now gaining traction in Vietnam, it's unclear whether it can build a presence in Asia quickly enough to compete against rivals from China and elsewhere. The opening of its first overseas assembly plant in India earlier this month is a crucial piece in Vuong's Asia pivot. The factory near Thoothukudi, the Indian port city, will be capable of producing 150,000 vehicles annually for South Asia, the Middle East and Africa. It's part of $500 million VinFast will spend in its initial India foray - an investment the company expects to eventually grow to $2 billion. In June, the company inaugurated its second Vietnam plant that initially can produce 200,000 vehicles annually, and it's months away from a planned opening of a smaller factory in Indonesia. The new target markets are "late bloomers' in terms of EV sales "but hold tremendous potential and are currently entering a vibrant phase of growth,' the company said. The expansion plans follow VinFast's push to establish itself in North America and Europe. But the effort was marred by initial bad reviews of its cars and a recall over malfunctioning software. Of the company's 97,399 global deliveries in 2024, about 90% were in Vietnam. Last year it delayed a planned North Carolina EV factory until 2028. The southern half of Asia, however, is home to rapidly growing economies with well over 2 billion consumers. Rates of car ownership are lower than in the West and there are fewer established domestic brands. But it's less affluent, meaning demand likely will be driven by smaller cars with slimmer profit margins. "Like many other companies, VinFast makes short-term adjustments to its business plans in response to changing circumstances,' the company said in a statement. Since VinFast commenced operations in 2017, competitive and inexpensive Chinese EV-makers have emerged, a threat not just to startups but also giants like Volkswagen AG and Tesla Inc. While there's less competition in South-East Asia than in the West, "that's going to change when the Chinese bring the price war,' Le said. If VinFast can't establish itself before this, "I don't know how much future it'll have outside Vietnam.' Vuong expects VinFast to break even at the end of next year. Filings show that 92% of its cumulative revenue over the last four years came from Vietnam. One-third of that total came from related parties. GSM Green and Smart Mobility Joint Stock Co., a taxi company in which Vuong holds a 95% stake, has purchased thousands of VinFast vehicles. In other words: Vuong is moving money from one pocket to another. Establishing a new car brand isn't easy. It takes time to gain brand recognition and customer trust, and to build out networks of service centers and charging stations, said Thanachai Vorachaivanich, a managing director with automotive analytics firm Proliance Co. Several analysts said VinFast would've been better off establishing itself in Vietnam first instead of its everywhere-at-once approach, which is costly and uncertain. VinFast grew out of Vingroup, a conglomerate involved in everything from real estate to hospitality and whose revenue amounts to around 1% of Vietnam's gross domestic product. Its property development arm is the most profitable, and has helped bankroll the EV maker. Vuong has channeled at least $8 billion from his corporate group into VinFast as grants, loans and conversions of debt to equity. VinFast remains a financial drag on Vingroup's results, said Ken Foong, an analyst with Bloomberg Intelligence. But that might not matter all that much to Vuong, who controls Vingroup and has a $11 billion fortune, according to the Bloomberg Billionaires Index. Barring an economic downturn in Vietnam or a drastic change in Vingroup's access to capital, the real estate business might generate enough money to sustain the carmaker as long as Vuong wants, Foong said. Dan Gittleman, managing partner at automotive software consultant SanBoca Insights, has turned from skeptic to believer in Vuong's vision. Two to three years ago, "I said: 'Zero chance that this guy could do it',' Gittleman said. But the company has learned from its mistakes, grown well in Vietnam and is now in a good position to expand overseas, according to Gittleman. "The name pops up way more than you would think with people in the automotive world,' he said. "Even here in Florida I've seen a few of 'em on the road.' - Bloomberg

F88 officially lists 8.26 million shares on UPCoM
F88 officially lists 8.26 million shares on UPCoM

The Sun

timea day ago

  • The Sun

F88 officially lists 8.26 million shares on UPCoM

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Ascott Expands Resort Portfolio with Multi-Typology Brand Strategy to Tap on Rising Leisure Travel Demand
Ascott Expands Resort Portfolio with Multi-Typology Brand Strategy to Tap on Rising Leisure Travel Demand

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Ascott Expands Resort Portfolio with Multi-Typology Brand Strategy to Tap on Rising Leisure Travel Demand

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Backed by a loyal and expanding member base seeking elevated leisure experiences, Ascott is well-positioned to deliver long-term value through exceptional resort stays, creating results for owners, delight for guests and impact across the markets we serve.' Ms Tan Bee Leng, Chief Commercial Officer, Ascott, said: 'Resorts represent a powerful extension of Ascott's brand promise to let guests 'Stay Your Way', unlocking a world of leisure-led experiences that elevate our Ascott Star Rewards (ASR) programme to new heights. From sun-drenched beachfront villas and serene mountain retreats to château stays and immersive wellness escapes, each resort adds lifestyle richness to the loyalty journey, deepening member engagement and incentivising cross-destination travel. 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Located just 150 metres from iconic Patong Beach and surrounded by tourist attractions, the resort enjoys a prime position in Thailand's leading leisure destination, known for its strong year-round demand and diverse visitor base. Guided by the brand's understated luxury philosophy, Ascott Abov Patong Phuket Resort will showcase its 'Fine Arts Inspired by Nature' concept, blending luxury, tranquility and local artistry in perfect harmony. The project also includes Residences at Ascott Abov Patong Phuket, a 227-unit branded residence, with completion targeted for 2027. Ascott is also scaling its resort portfolio in Vietnam. Somerset Nha Trang, part of the landmark Libera Nha Trang development, will bring the brand's trusted family-friendly resort living to one of Vietnam's most popular beach destinations. Meanwhile, Citadines Selavia Phu Quoc will anchor a mixed-use precinct on the island's popular southwest coast. 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The resort offers a distinctive retreat on one of Vietnam's most storied beaches, blending boutique hotel rooms, private villas, wellness amenities – including a Korean jjimjilbang and dedicated spa – a grand ballroom and culturally inspired dining. As the second property under The Unlimited Collection in Vietnam after Anmira Resort & Spa Hoi An by The Unlimited Collection, it underscores Ascott's commitment to culturally immersive experiences in fast-growing leisure destinations. In Indonesia, the 120-key lyf Labuan Bajo marks Ascott's debut in one of the country's most sought-after resort destinations, a rising eco-tourism hub and gateway to UNESCO-listed Komodo National Park. Opening in 2027, the property will introduce lyf's experience-led social living concept to Labuan Bajo, featuring vibrant communal spaces, coworking zones and curated local experiences designed to foster connection and exploration among next-generation travellers. 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Overlooking both Gyeongpo Lake and Gyeongpo Beach, the 500-key property will meet rising demand for leisure-led extended stays on Korea's scenic east coast. Located just five minutes from Gangneung Station and two hours from Seoul via KTX, the property is positioned to become a key coastal retreat for domestic and international travellers. In the UAE, Al Mahra Resort by The Crest Collection is set to open in 2027 on Marjan Island, Ras Al Khaimah's flagship beachfront leisure destination. The resort will feature 539 uniquely designed rooms and luxury suites with a comprehensive selection of amenities including all-day dining, specialty restaurants, bars, a spa, swimming pool, gym, kids' playroom, club lounge and flexible event spaces – making it a standout destination for upscale coastal getaways. These additions expand Ascott's growing resort portfolio, which includes ski retreat Oakwood Suites Chongli in China's premier winter sports hub, the all-villa Oakwood Ha Long near Vietnam's UNESCO-listed Ha Long Bay, Somerset Pattaya on Thailand's vibrant coast and Château Belmont Tours by The Crest Collection in France's Loire Valley. Ascott will also debut its Preference brand in the Philippines with Balai Dajao by Preference in Siargao island, the country's celebrated surfing capital. The 100-unit property featuring suites and villas is expected to operate from late 2027. With over 20 new properties in resort destinations set to open over the next three years, Ascott continues strengthening its lifestyle hospitality presence in key leisure markets worldwide. Explore Ascott's resort destinations at

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