On November 12, VinFast announced that it had delivered more than 11,000 electric cars of all kinds to customers in October 2024, an increase of more than 21% compared to the previous month, bringing the cumulative number since the beginning of the year to more than 51,000 units.
VinFast has become the best-selling car company in Vietnam when the number of VinFast electric cars sold in the first 10 months of the year reached more than 51,000 units - Photo: QUANG DINH
VinFast officially became the number 1 best-selling car brand in the Vietnamese market in the first 10 months of 2024.
The main car lines that contributed greatly to sales include: VF3 with nearly 5,000 units and more than 2,600 VF5 units. Other car lines such as VF6, VF7, VF8 and VF9 also recorded significant growth. With a high number of pending orders, VinFast is confident that it will maintain its position as the No. 1 car company in the market in the coming time.
Mr. Pham Nhat Vuong, Chairman of Vingroup , said that VinFast's success is thanks to the support of pioneering customers who trust and support Vietnamese brands, and affirmed that VinFast will continuously improve product quality and services to bring the best experience to customers.
On the same day, Mr. Vuong also announced a commitment to provide financial support to VinFast Company. From now until the end of 2026, Vingroup will lend VinFast a maximum of VND35,000 billion, and Mr. Vuong also committed to sponsor VinFast with VND50,000 billion. At the same time, Vingroup will invest more in VinFast Vietnam by converting all existing loans of about VND80,000 billion into dividend-entitled preferred shares.
This support is intended to help VinFast have sufficient resources and additional reserves to finance business operations, essential investments and fulfill other obligations, aiming to reach break-even point and self-balance cash flow by the end of 2026.
However, VinFast is still actively implementing independent capital mobilization plans for its needs, only using support sources if capital mobilization does not meet the expected plan.
Mr. Nguyen Viet Quang, Vice Chairman of the Board of Directors and General Director of Vingroup, affirmed that VinFast's rise to number 1 in the Vietnamese market is an important milestone, validating VinFast's capacity and creating momentum for acceleration in the coming time.
Therefore, Vingroup continues to invest heavily in VinFast to support this enterprise to maintain its market share in Vietnam and promote the global electrification revolution.
On the occasion of VinFast becoming the best-selling car brand in Vietnam, VinFast decided to give a gift set (including a bottle of premium French wine specially ordered, contained in a luxurious wooden box, and a lucky money envelope with a collection of Vietnamese cash in various denominations from 1,000 VND to 500,000 VND) to all customers who own VinFast gasoline and electric cars before December 31, 2024 with a total value of 888,000 VND, meaning Prosperity and Wealth, along with a New Year greeting card from Vingroup Chairman and VinFast Global CEO Pham Nhat Vuong.
Source: https://tuoitre.vn/vinfast-ban-chay-so-1-tai-viet-nam-2024111222170703.htm
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