“Making a splash” thanks to its rapid growth rate On May 30, the US magazine Time announced the list of “TIME100 Company” - the top 100 most influential companies in the world in 2024. Among them, electric car company VinFast became the first Vietnamese enterprise to be honored in this powerful list, alongside big names such as Google, Microsoft, Amazon...

VinFast is the first Vietnamese enterprise to be honored in the TIME100 Company list.

Time is the world's leading news magazine, headquartered in New York, USA, with a history of 101 years. To date, this magazine has appeared on all five continents with great influence globally. In particular, Time's votes are considered valuable, prestigious globally and recognized no less than major titles in many fields around the world. Established since 2021, the "TIME100 Company" list - Time's top 100 most influential companies in the world brings together globally impressive names from different fields such as technology, health , transportation, energy, etc. Being included in this list by Time magazine is a valuable "title" for any company. To make this list, Time's team of editors reviewed proposals, applications and surveyed the magazine's contributors and reporters around the world. In addition, the magazine also sought advice from a team of independent experts/organizations. “TIME100 Company” is built on a comprehensive set of criteria, from capacity, ability to influence to creativity, ambition and success of the selected companies. Writing about VinFast on Time, journalist Charlie Campbell recalled that the Vietnamese car company once made a splash in the world for its lightning-fast factory construction speed in just 21 months. To have the most objective view of VinFast's development process, the writer visited the production complex in Hai Phong in 2022 as well as closely followed VinFast over the years. Impressed by VinFast's production scale and miraculous developments, especially when VFS's stock price skyrocketed 700% in just the first 2 weeks after the company was listed on the US stock exchange, Time called VinFast "An EV splash".

VinFast impresses with its rapid development

The leading prestigious American magazine assessed the Vietnamese car company's battery-leasing electric vehicle business model as unique. According to Time, VinFast aims to increase vehicle sales to 100,000 vehicles in 2024, 3 times the current sales. "Backed by Vietnam's richest billionaire Pham Nhat Vuong, VinFast is building factories in North Carolina, Indonesia and India," Time wrote, citing Mr. Pham Nhat Vuong's strong determination with VinFast at the Annual General Meeting of Shareholders held in April 2024. According to this magazine, the companies on the list, led by talented leaders, can bring new models and inspiration for the future of humanity. "VinFast is creating momentum for businesses around the world" According to economic expert Pham Chi Lan, VinFast has made history for Vietnamese businesses. “This event is even more special in the context of the world market going through a period of intense fluctuations and fierce competition in many fields, especially the electric car industry,” the veteran expert commented. Sharing the same view, Dr. Tran Dinh Thien - Former Director of the Vietnam Economic Institute - also said that this is good news not only for the VinFast brand but also for Vietnam. He commented that the fact that a Vietnamese enterprise was honored in the list of Top 100 most influential companies in the world by Time, with an objective and fair perspective, is a sense of pride and marks the maturity of VinFast. “Although VinFast is not yet a big name in the world, the way they face market challenges and accept the big global game is clearly worthy of recognition,” Dr. Tran Dinh Thien shared.

VinFast products possess many "breakthrough" advantages.

Talking more about VinFast, especially the fact that the Vietnamese car company is in the "Breakthrough" group voted by Time, Dr. Tran Dinh Thien said that "breakthrough" is something that has many meanings for VinFast. "Firstly, a company or corporation from an economically developing country has broken out into the global playing field, that is a breakthrough. Second, the breakthrough is also associated with VinFast's choice of technology - a very challenging and very new field. Third, that is how VinFast conquers leading markets with a high-class product, electric cars. That is the boldness and breakthrough that not everyone dares to do, dares to accept the challenge", the expert analyzed. Looking more broadly, Dr. Tran Dinh Thien said that with the above choices, VinFast will be a factor to inspire the world. “What VinFast has done will create encouragement and motivation for new visions of businesses around the world. In addition, the fact that VinFast comes from a developing country like Vietnam will also motivate businesses in other countries to be more daring in today's fiercely competitive world,” he said.

Phuong Cuc - Vietnamnet.vn

Source: https://vietnamnet.vn/vinfast-hang-xe-dien-dot-pha-duoi-goc-nhin-cua-time100-company-2286370.html