Latest news with #LeThiThuThuy
Yahoo
11-06-2025
- Automotive
- Yahoo
VinFast revenues surge 150% in Q1
Vietnamese vehicle manufacturer, VinFast Manufacturing and Trading Company Ltd, reported a 150% year-on-year revenue increase in the first quarter of 2025, following a sharp rise in battery-powered vehicle deliveries. First-quarter revenues rose to VND 16.31 trillion (US$ 627 million), while operating losses amounted to VND 5.74 trillion and net losses reached VND 17.69 trillion. The company delivered a total of 36,330 battery electric vehicles (BEVs) globally in the first quarter, up almost threefold on the same period last year – helped by the recent launch of the VF3 and VF5 models. Deliveries of electric scooters and bicycles rose almost fivefold to 44,904 units in this period. Most of VinFast's vehicle sales so far have been in Vietnam. The company is increasing its focus on overseas markets in Asia, particularly Indonesia, the Philippines and India, as well as Europe, while delaying construction of its US plant to help manage capital expenditure. The company confirmed that as of the end of April, it had a global network of 388 stores, including wholly owned outlets and authorized dealers. VinFast's chairperson, Le Thi Thu Thuy, said in a statement: 'We are beginning to see improved operating leverage as volume growth and a streamlined footprint translate into a more efficient cost structure. Looking ahead, our next-generation EV platform and E/E architecture is intended to further BOM-cost optimisation, enhancing product quality, performance, and affordability across our lineup.' "VinFast revenues surge 150% in Q1" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
03-04-2025
- Business
- Associated Press
Chief Executives Say Environment is Their Top Priority, YPO Global Study Reveals
Positive environmental impact is the top business legacy priority identified by company leaders in the latest YPO Global Impact Report launched today 'Whilst it is pleasing to see nearly half the businesses in Asia and Europe have clear carbon reductions targets, we have to re-double our efforts.' — Le Thi Thu Thuy, Vice Chairwoma, Vingroup: DARLINGTON, DURHAM, VIETNAM, April 3, 2025 / / -- Positive environmental impact is the number one ranked legacy priority which businesses are focused on – according to the latest YPO Global Impact Report published today. YPO is an organisation of 35,000 members worldwide, representing USD9 trillion of combined revenues and 22 million employees. Around four-in-10 of the chief executive respondents to YPO's Global Impact Report in Asia, Africa, South America and Europe all ranked positive environmental impact and reducing pollution or emissions as their top priority. North American businesses said they were prioritizing responsible investment and resources management, while businesses in Oceania have joint top priorities — positive environmental impact/reduction in pollution or emissions and sustainable growth and infrastructure (29% for both). Despite regional variations in regulations and taxation, YPO member companies are twice as likely to have a net-zero plan in place (21%) compared with an average of 8% of companies globally. The research, conducted in the first half of 2024, also reveals that 61% of South American businesses have a full-time sustainability leadership position, compared with 19% in North America. With the climate and biodiversity crises accelerating, and the next climate COP taking place in the Amazon Rainforest in Brazil in November, this Global Impact Report shines a useful light on where the gaps are on the road to net zero in terms of businesses' contribution. The YPO research reported that South America leads the way with 54% of businesses in this region having short-term carbon reduction targets. This compares with 47% of businesses surveyed in Europe, 46% for businesses in Asia, 38% in Africa, 20% for North America and 10% for Oceania. YPO Global Chairman, Sofyan Almoayed, commented: 'As we gather for the YPO Global Impact Summit in Vietnam, in YPO's 75th year, our latest annual Impact Report shows YPO business leaders care deeply about the next generation. 'In Hoi An, we will be working with business leaders from across the world to share best practice on net-zero strategies, carbon emissions measurement and target setting. 'Businesses are a force for positive action when it comes to tackling climate change. Although around four in 10 of chief executives in Asia, Africa, South America and Europe ranked positive environmental contributions and reducing pollution or emissions as the top priority for their organization's legacy and impact, we know there is still a lot more work to do. 'The intersection of legacy and positive impact is a key driver of day-to-day action of our member companies. We believe this trend will continue to accelerate.' Angel Lance, Founder, Motive Power and 10/6 Professional Services added: 'We believe the path to net zero is not just a necessity but a business opportunity for innovation and growth. 'As chief executives, this survey shows we don't outsource our environmental approach, we keep it in house as it is important to us. 'The findings of the latest YPO Global Impact Report gives me heart, despite diverse political and regulatory landscapes YPO members want to leave a positive legacy, do the right thing and accelerate their efforts towards achieving net zero. 'Together, we can create a future where business success goes hand in hand with environmental stewardship.' Le Thi Thu Thuy, Vice Chairwoman of Vingroup, headquartered in Vietnam said: 'Whilst it is pleasing to see nearly half the businesses in Asia and Europe have clear carbon reductions targets, we have to re-double our efforts. We recognize the importance of ESG factors in the pursuit of sustainable development and put them into action in everything we do, across all of our businesses. VinFast, our EV pure-play manufacturer, shows this commitment. This is not only beneficial for the climate, but also for business. VinFast has achieved market dominance in Vietnam, surpassing all gasoline and electric vehicle brands. Consequently, Vietnam stands out as a nation where electric vehicle deliveries have overtaken those of gasoline vehicles, accelerating the worldwide adoption of sustainable transportation.' Christopher Mark Kelsey X LinkedIn Instagram YouTube TikTok Legal Disclaimer:
Gulf Insider
07-03-2025
- Automotive
- Gulf Insider
Vietnam's EV Maker VinFast Could Raise About $1b From JTA Investment Qatar
A Qatari investment firm could commit 'at least' $1 billion in the Vietnamese electric vehicle maker VinFast. This comes weeks after VinFast tapped UAE's Emirates Driving Co. and other investors for a similar funding. In a new deal, the JTA Investment Qatar will explore a 'potential equity investment' the Nasdaq-listed pure-play EV manufacturer, as well as enter a 'strategic partnership' to support VinFast's global expansion and technological development. Not just that, JTA Investment Qatar also sees 'significant value' another Vingroup entity – Vinpearl's portfolio of hotels and resorts, amusement parks and entertainment clusters. Founded in 2010 and with a presence in Qatar and the UK, JTA Investment Qatar offers financing solutions in sectors such as energy, technology, infrastructure and tourism. Currently, two model variants are available in the UAE bearing the VinFast badge – the VF8 Plus (with a range of 476 kilometers) and the VF8 Eco (493 kilometers). Prices start at Dh174,500. In 2024, overall sales of VinFast models totaled around 97,000. VinFast, which is listed on Nasdaq, had been on the lookout to bolster its financial position and break through to new markets. This is where any support from JTA Investment Qatar will come in handy. Any 'collaboration will unlock significant opportunities for Vingroup and its subsidiaries to drive technological, infrastructural, and sustainable economic advancement in Vietnam, while establishing a foundation for international expansion', said Le Thi Thu Thuy, Vice Chairwoman of Vingroup. 'We anticipate successful projects that foster sustainable progress, technological innovation in key sectors like electric vehicles and tourism, contributing to the greater good.'
Zawya
04-03-2025
- Business
- Zawya
Vingroup and global investment firm JTA Investment Qatar signed MOU for strategic investments in VinFast and Vinpearl
HA LONG, VIETNAM - Media OutReach Newswire - 4 March 2025 - Vingroup and global investment firm JTA Investment Qatar have announced a Memorandum of Understanding (MOU), opening up strategic investment opportunities in the electric vehicle and tourism sectors. Accordingly, JTA Investment Qatar recognizes VinFast's global growth strategy, alongside the significant value of Vinpearl's premium hotels and resorts, leading amusement parks and entertainment clusters, thereby aiming to join Vingroup in capitalizing on these investment opportunities. The MOU outlines JTA Investment Qatar's expressed interest in strategic opportunities within Vingroup's core business sectors, specifically its industrials & technology and real estate & services pillars. Regarding the industrials & technology pillar, JTA Investment Qatar explores a potential equity investment of at least USD 1 billion in VinFast, the Nasdaq-listed pure-play EV manufacturer, as well as a strategic partnership aimed at supporting VinFast's global expansion and technological development. Regarding the real estate & services pillar, JTA Investment Qatar is exploring investment opportunities in Vinpearl's managed and operated five-star hotels, resorts and amusement parks clusters, which are prominently situated in Vietnam's prime tourist areas. Furthermore, JTA Investment Qatar and Vingroup are actively pursuing the establishment of joint ventures to expand and enhance Vinpearl's service offerings (including hotels & resorts, amusement parks and golf courses), particularly in unique and high-growth tourism markets where Vinpearl maintains a strong market presence. Under the MOU, the companies will engage in discussions to define their future collaboration in pursuing mutually beneficial objectives. JTA Investment Qatar will leverage its investment expertise, financial resources, and extensive partner network to facilitate capital deployment for Vingroup's strategic business segments, including VinFast and Vinpearl. Concurrently, Vingroup will contribute its operational expertise, execution capabilities, domestic market leadership, and global market potential to optimize shared value and achieve the strategic opportunities and missions of both entities in technology, infrastructure, and tourism sectors. Dr. Amir Ali Salemi, Founder and CEO of JTA Investment Qatar, said, "By leveraging our expertise and resources within the energy, technology, infrastructure, and tourism sectors, we are thrilled to contribute to the advancement of Vingroup's strategic objectives and promising business areas, with a particular emphasis on VinFast and Vinpearl. This collaboration will generate mutually beneficial business opportunities and facilitate Vingroup's strategic expansion into international markets." Ms. Le Thi Thu Thuy, Vice Chairwoman of Vingroup, shared, "We are honored to partner with JTA Investment Qatar, and confident that this collaboration will unlock significant opportunities for Vingroup and its subsidiaries to drive technological, infrastructural, and sustainable economic advancement in Vietnam, while establishing a foundation for international expansion. Leveraging the combined strengths of Vingroup's ecosystem and local expertise with JTA Investment Qatar's experience and resources, we anticipate successful projects that foster sustainable progress, technological innovation in key sectors like electric vehicles and tourism, contributing to the greater good." Building upon its established domestic success, Vingroup continues to pursue global expansion, notably through VinFast's strategic entry into key markets across North America, Europe, India, Southeast Asia, and the Middle East. Hashtag: #Vingroup The issuer is solely responsible for the content of this announcement. About Vingroup Established in 1993, Vingroup is one of the leading private conglomerates in the region and currently focuses on three main verticals: Technology and Industry, Services and Social Enterprise. Find out more at: About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("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, e-bikes, 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, Europe and Asia. Learn more at: About Vinpearl Vinpearl is the leading hospitality platform in Vietnam with a diverse mix of luxury and family resorts, amusement parks and entertainment complexes, golf courses, convention centers, restaurants and spas in Vietnam's top destinations. Vinpearl has been a pioneer in Vietnam's tourism since its operations in 2003, featuring 3 destination complexes, the first of its kind in Vietnam. We set the stage to take our guests away on uniquely personalised and memorable journeys. Find out more at: About JTA Investment Qatar JTA Investment Qatar is a global investment firm founded in 2010, with a strong presence in Qatar and the UK, offering innovative financing solutions across multiple sectors, including energy, technology, infrastructure and tourism. Through strong partnerships, JTA Investment Qatar identifies and converges global projects, providing tailored consulting and investment. Emphasizing sustainable growth and social responsibility, JTA Investment Qatar supports local initiatives, incubates businesses, and focuses on talent development, ensuring structured governance and excellence in all endeavors. Learn more at: Vingroup
