VTinFast is a subsidiary of Vingroup, Vietnam's largest private conglomerate. The revenue of Vingroup and V its subsidiaries was around 1.1 percent of the GDP of Vietnam in 2022. The company broadly divides its presence into three sectors - technology and industry, real estate development and services, and social enterprise. Basically, Vingroup's business encompasses the tech sector, real estate, hospitality, education along with several not-for-profit organisations. Vingroup and its owner and chairman Pham Nhat Vuong's rise has been quite rapid, from starting out with an instant noodles business in 1993, to becoming a billionaire with a net worth around USD 7 billion. At one point, following a blockbuster debut on the Nasdaq, VinFast was worth more than the likes of Ford and General Motors with a valuation of USD 85 billion. Point is, the company has money, is growing rapidly, has ambitious plans of selling cars globally, and has now decided to set up a manufacturing facility in India to cater to the domestic as well as export markets.
HOW IT STARTED
هذه القصة مأخوذة من طبعة February 2024 من Auto Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2024 من Auto Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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