VinFast recognized for its exceptional contributions to the eco-friendly transportation sector

Driving the green lifestyle in Vietnam’s transportation sector

During the Vietnam Innovation Summit 2023, VinFast was honored with the highest accolade for businesses at the “Make the Future Green” award ceremony. The Outstanding Green Industrial Project Award acknowledges the pioneering role of enterprises in implementing green solutions and making significant contributions to the innovation ecosystem.

VinFast representative accepting the highest accolade for businesses

The jury, represented by Mr. Dan Vardie, Founder and current Chairman of AUTOBEST, highly commended Vingroup’s vision and strategy in investing billions of dollars to develop VinFast as a large-scale green industrial project with international reach. VinFast is at the forefront of the electrification trend in transportation and the promotion of green living, a global phenomenon.

Experts attending the conference acknowledged VinFast’s unprecedented success within just 5 years of entering the automobile manufacturing industry in Vietnam. This success encompasses a comprehensive range of electric vehicles, including electric bicycles, electric motorcycles, electric cars, and electric buses. Coupled with attractive sales policies, after-sales services, and a nationwide charging station network, VinFast offers customers an easy, convenient, smart, and cost-effective green transportation experience. Moreover, VinFast’s products are not limited to the domestic market but are also exported to major markets such as the US and the EU. VinFast is currently the only Vietnamese company listed on the Nasdaq stock exchange in the US.

As of November 2023, VinFast has introduced 15 models of electric motorcycles, covering popular to premium segments, 7 models of electric cars spanning all segments, and VinBus electric buses serving millions of daily commuters in Hanoi and Ho Chi Minh City. VinFast’s network of dealerships, showrooms, and service centers has the widest coverage among all automotive brands in Vietnam. It is complemented by the largest public charging station network in the country, boasting over 150,000 charging ports across all 63 provinces and cities. The strategic locations of these charging stations ensure comprehensive coverage, providing convenience for VinFast vehicle owners.

VinFast electric vehicles have also become an important choice for taxi companies like GSM and other partners. The outstanding advantages of VinFast electric vehicles, characterized by intelligent features, cost-effective operation, and sustainable environmental protection, have contributed to GSM achieving a record of 6 million passengers in just over 5 months since its launch.

VinFast leads the green and sustainable transportation revolution

Under the Paris Agreement on climate change, Vietnam is committed to reducing greenhouse gas emissions by 9% by 2030 compared to business-as-usual scenarios using domestic resources. In collaboration with international support, Vietnam has the potential to increase its target up to 27%. By 2050, Vietnam plans to achieve zero net emissions in the transportation sector.

According to experts, Vietnam presents a promising market for electric vehicles due to their advantages in terms of fuel cost savings amidst rising gasoline prices and concerns about the environmental impact of gasoline vehicles. Incentives provided by the government, such as reduced import taxes and registration fees for electric vehicles, further encourage their adoption. However, leading the way towards sustainable development requires companies with strong financial backing, substantial investments, and long-term vision.

ESG Director of VinFast in discussion with representatives of leading companies in innovation and sustainable development

Mr. Morgan Donovan Carroll, the ESG Director of VinFast (Environment-Sustainable-Governance), emphasizes VinFast’s commitment to sustainable development and the creation of a green future. This commitment is reflected in the company’s focus on electric vehicle production, battery technology, renewable energy integration, charging infrastructure development, recycling, circular economy strategies, and international partnerships.

“We strive to promote digital transformation to enhance operations, increase efficiency, and swiftly respond to changing customer needs. Our priority is sustainability, achieved through reducing our carbon footprint, adopting renewable energy sources, and prioritizing customer experience as the driving force behind VinFast’s adaptive innovation,” shared Mr. Morgan Donovan Carroll. These initiatives underline VinFast’s commitment to creating a more sustainable and environmentally friendly automobile industry.

TH (Tuoitrethudo)