VinFast's founder, Pham Nhat Vuong, is stepping down as CEO, handing the reins to his son, Pham Nhat Quan Anh, in a strategic move to accelerate the Vietnamese automaker's global electric vehicle ambitions. This leadership transition aims to strengthen the company's international operations, particularly as it navigates the competitive U.S. and Canadian markets.
Vietnamese EV manufacturer VinFast is significantly accelerating its presence in the Philippines, signing agreements with 13 new local automotive dealer partners. This expansion aims to establish 27 new showrooms, bringing their total to nearly 60 dealerships nationwide by year-end as the brand deepens its market penetration.
Vietnamese EV maker VinFast has named Pham Nhat Quan Anh, the eldest son of founder Pham Nhat Vuong, as its new global Chief Executive Officer. This leadership change comes as the company continues its international expansion efforts, particularly in the competitive North American market where it faces significant challenges to establish its electric vehicle brand.
Vietnamese EV manufacturer VinFast is significantly growing its footprint in the Philippines by collaborating with 13 dealers to open 27 new showrooms. This move marks a major push for the brand to introduce its electric vehicles to the Southeast Asian market, indicating a broader strategy for regional expansion.
VinFast is reportedly pivoting its market strategy for India, moving away from importing partially built models to developing two new electric vehicles specifically for the local market. This strategic adjustment aims to better cater to Indian consumer preferences and potentially strengthen the Vietnamese automaker's presence in the country's burgeoning EV sector.
Green and Smart Mobility (GSM), the Vietnamese taxi operator closely affiliated with EV manufacturer VinFast, is setting its sights on international growth. The company, which exclusively uses VinFast electric vehicles for its ride-hailing and rental services, announced plans to expand into the U.S. and European markets.
VinFast is reportedly pausing plans to locally manufacture some EV models in India, just months after breaking ground on its Tamil Nadu factory. The Vietnamese automaker is re-evaluating its product strategy for the Indian market, focusing on optimizing operations and potentially importing certain vehicles instead of domestic production.
Vietnamese automaker VinFast is experiencing a substantial surge in EV deliveries within its home market. The company reported over 21,700 electric vehicles sold in July, contributing to a total of nearly 138,000 units delivered in the first seven months of 2026. This strong domestic performance puts VinFast on track to exceed its previous annual sales records.
The VinFast VF 3, a compact and affordable all-electric SUV, is rapidly gaining traction across Vietnam, signaling a major shift in the local automotive market. Its design and features are proving particularly well-suited for the country's urban and rural driving conditions, making it a highly anticipated model for Vietnamese consumers.
Green SM, a subsidiary of VinFast's parent company Vingroup, is launching an electric taxi service in Denmark, marking its first foray into the European market. This expansion follows successful operations in several Asian countries and Kazakhstan, where the company deploys a large fleet of VinFast BEVs for ride-hailing and rental services. The move signals VinFast's broader global ambitions and strategy to increase its vehicle presence through diverse mobility solutions.
Vietnamese EV maker VinFast has launched its Green SM all-electric taxi service in Copenhagen, Denmark, marking its first foray into the European market. The new service will exclusively utilize VinFast electric vehicles, aiming to provide sustainable urban transportation solutions.