Modern Australian

VinFast is paving the road toward a sustainable future

VinFast, Vietnam's first global EV manufacturer, aims to revolutionize transportation and lead the shift toward sustainable, clean energy solutions.

HANOI, VIETNAM - Media OutReach Newswire - 30 September 2024 - VinFast was never intended to be just another car company.

Born from Vingroup's broader vision of driving innovation and societal change, the company believes a sustainable future is only possible when everyone can enjoy access to smart, safe, and environmentally friendly EVs.

VinFast EV manufacturing complex in Hai Phong, Vietnam.
VinFast EV manufacturing complex in Hai Phong, Vietnam.

"Many people asked why Vingroup created VinFast. It actually started with our desire to contribute to society, not purely a business matter," Pham Nhat Vuong, Chairman of Vingroup, once affirmed.

VinFast's commitment to a sustainable future is no mere slogan. In 2022, it signed The Climate Pledge to achieve net-zero carbon emissions by 2040 and the COP26 Zero-Emission Vehicle (ZEV) Declaration, committing to 100% zero-emission vehicle sales in key markets by 2035.

The company's journey included a transformative step away from internal combustion engines, becoming one of the world's first automotive manufacturers to commit fully to electric vehicles. This decision positioned the company at the forefront of the global shift toward clean energy, responding to the increasing global demand for sustainable solutions. Furthermore, its integrated approach to sustainability is not just about producing EVs but embedding environmental responsibility into every aspect of its business.

VinFast's electric mobility ecosystem, encompassing cars, buses, scooters, and charging infrastructure, is a model for green transportation. VinFast's efforts extend beyond vehicles, emphasizing a circular economy by collaborating with leading research institutes to develop zero-carbon solutions and using responsibly sourced, recyclable batteries. A massive project initiated in 2022 and still ongoing saw them establish fast-charging stations across Vietnam, making EV adoption more accessible and encouraging consumers to switch from traditional vehicles to electric ones.

The EV maker has also introduced a battery subscription model that replaces old batteries at 70% capacity, reusing them for energy storage. This model significantly reduces emissions, optimizes resource use, and reinforces the company's environmental commitment.

VinFast's sustainability initiatives are also closely tied to its innovation in design and production processes. By integrating energy-efficient robots and sustainable materials, VinFast is minimizing waste and optimizing energy efficiency in manufacturing, setting new standards for eco-friendly production. In supply chain management, their principles of localization, near-shoring, diversification, and modernization have allowed them to reach a localization rate of up to 60%, and to be able to produce 47% of materials in-house.

Recognition of these efforts has been swift: in 2022, VinFast received a Corporate ESG Assessment score of 23.3 from Morningstar Sustainalytics, one of the highest among EV companies. Additionally, it won the "Corporate Sustainability Champions" category at the 2022 ORIGIN Innovation Awards, underscoring its leadership in sustainable business practices.

In just a few short years since its inception in 2017, VinFast has shown that it is fully capable of holding its own in the global playfield. After gaining a foothold in international markets like North America, Europe, and Southeast Asia, the EV maker is strategically entering the Middle East market. This move aligns seamlessly with the company's vision, as the region is actively seeking to diversify its energy sources and reduce its carbon footprint. But no matter where it operates, one thing is clear: VinFast's unwavering focus on sustainability ensures that it is paving the way for a cleaner, greener future.


Hashtag: #VinFast #Vingroup #EV


The issuer is solely responsible for the content of this announcement.

Advantages of Using Digital Printing Services

The demand for quick, efficient, and high-quality printing solutions has seen remarkable growth in our modern, fast-paced world. This increasing nee...

Benefits of Professional Strata Management

Navigating the complexities of strata management can be a daunting endeavor for any strata property owner or committee member. Strata management inv...

The Hidden Benefits of Bundling Utilities with Moving Services

Moving can feel overwhelming with so many things to juggle. Hiring a moving company in Brisbane helps make it easier, but did you know you can make it...

Family Mediation: The Path to Resolution, Healing, and Lasting Solutions

In an era where family challenges are often met with emotional and financial strain, family mediation has quietly gained traction as a life-changing...

Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy ...

“North of the River” Vs “Over the Bridge” – What’s in Brisbane’s ongoing North Vs South Feuds?

Greater Brisbane Australia’s largest capital city by land area, coming in at 15,824 square kilometers, and ranks number three worldwide. It has Au...

Income Stream Integration: 7 Ways to Earn Money Through Your Website

Whether you sell Vietnamese coffee, review Japanese gadgets, or rent Melbourne self storage, your website is more than just an online presence—it...

Top 10 Benefits of Practicing Taekwondo for All Ages

Taekwondo is more than just a martial art; it’s a way of life that offers profound physical, mental, and emotional benefits. Whether you're a chil...

Plasterboarding and Ceiling Repair: The PlasterX Advantage for Long-Lasting Results

Contacting professionals who are well-versed in the nuances of the task is essential to preventing headaches during plastering ceiling repair work. ...

Snake Catcher’s Life-Saving Advice: What to Do When You Encounter a Snake

Australia is home to some of the most venomous snakes in the world, and if you live here, you're already well aware of how dangerous these creatures...

The Best Dumplings in Melbourne

Melbourne offers the best dumplings in the world, with variety of tastes and styles. The perfect dumpling is boiled, fried, or steamed - the best ...

The Ultimate Guide to Daily Dental Hygiene: Tips for a Healthy Smile

Maintaining good oral hygiene is essential for a healthy smile that lasts a lifetime. While regular visits to your dentist are important, establishi...

Mixing Vintage and Modern: How to Create a Timeless Interior

Achieving a timeless interior that blends both vintage charm and modern sophistication can transform any home into a stylish, curated space. When do...

Sugar-Free Chocolate Treats: A Guilt-Free Indulgence

People are very conscious about their health and sugar-free chocolates are becoming a popular option. This is a delicious and very satisfying option...

The Most Scenic Sailing Destinations in Australia and New Zealand

Australia and New Zealand are home to some of the world’s most breathtaking sailing destinations. With vast coastlines, pristine waters, and diver...

How Portable Cool Rooms Can Enhance Event Catering: The Perfect Solution for Outdoor Events

If you are holding an event outdoors, then there should be quality food; otherwise, a well-planned outdoor event will not be successful. Because c...

Successful Launches Using White Label Crypto Exchange Software

The cryptocurrency market has witnessed exponential growth in recent years, prompting many entrepreneurs and businesses to enter the space. One of t...

Space and Design Optimization for a Bathroom Renovation in Melbourne

Bathroom re-designing in Melbourne might present a challenge when first considered but, with the right approach, it is definitely achievable. Aesthe...