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A Year of Growth for VinFast: Navigating the Storm, Seizing Opportunity
While the electric vehicle industry has demonstrated impressive year-over-year growth, it’s crucial to acknowledge that this rapid expansion is likely to slow down over time. As the EV market matures, a more gradual growth trajectory is anticipated, a common trend observed in any rapidly developing sector.
VinFast, the Vietnamese EV manufacturer listed on the Nasdaq, has the potential for long-term growth in the industry. The company’s multi-product, multi-market strategy positions it to weather global economic storms and capitalize on favorable trade relations with strategic partners.
VinFast Emerges as a Global Green Warrior
VinFast’s 2024 performance showcased the effectiveness of its multi-product, multi-market strategy, driven by strong trade partnerships with key countries.
Building upon its successful Nasdaq IPO, VinFast has continued to broaden its market footprint in North America and Europe. In 2024, the company officially announces the global launch of the VF 3 mini e-SUV, the VF Wild concept pickup truck, and the Drgn Fly electric bike at CES 2024.
VinFast also strengthened its market position in the U.S. by expanding its dealer network, contributing to optimizing costs and enhancing brand recognition. This strategic move aimed to accelerate the delivery of high-quality products and services to North American consumers. As of October 31, 2024, the company had 173 showrooms globally for EVs and 160 showrooms and service workshops for e-scooters, including VinFast showrooms and dealer showrooms.
Demonstrating its commitment to green transformation, VinFast is expanding its presence beyond key markets like Europe and North America. The company has entered the Philippines market, where it has officially launched its brand and begun delivering electric vehicles. Furthermore, VinFast has broken ground on a new manufacturing facility in India, signaling its strategic expansion into key regional markets.
In Indonesia, VinFast made a strong debut at the 2024 Indonesia International Motor Show (IIMS). The company introduced its smart electric vehicles, launched attractive sales and warranty policies, and is actively growing its dealer network. Notably, VinFast has broken ground on an assembly plant in Indonesia, a key step in boosting production capacity for its global expansion strategy.
VinFast’s innovative battery subscription policy has been a major success in Indonesia. The company received the “Pioneering Initiative Driving Green Transition” award from Detik.com, a prestigious automotive newspaper, and was also recognized by CNN Indonesia for its contribution to the country’s green transformation.
In fact, aligned with Mr. Pham Nhat Vuong’s vision for a sustainable future, VinFast is driven by the green ecosystem encompassing V-GREEN and Xanh SM. Recently, V-GREEN and Prime Group, a diversified conglomerate, through its UAE subsidiary, have signed a Memorandum of Understanding to develop a network of charging stations for VinFast electric vehicles in Indonesia.
The MoU signifies the strong commitment of both parties to explore and develop this strategic partnership. The ambitious target is to establish approximately 100,000 VinFast charging stations within the next three years, with a projected total investment of up to USD 1.2 billion.
This collaboration not only underscores VinFast’s strong potential to capture a significant share of the burgeoning Indonesian electric vehicle market but also demonstrates the confidence of renowned international enterprises, especially investors from the Middle East, in VinFast’s vision and capabilities.
Following its successful expansion in Asia and North America, VinFast is now strategically entering the Middle Eastern market. Leveraging strategic partnerships and cutting-edge technology, the company aims to accelerate the adoption of electric vehicles in this dynamic region.
VinFast has officially launched its brand in the Middle East, partnering with three leading automotive dealers. In collaboration with Al Tayer Motors, VinFast has opened its first dealership in the United Arab Emirates, strategically located in downtown Dubai. This state-of-the-art facility, spanning over 1,000 square meters, showcases a contemporary and opulent design, seamlessly integrating a service workshop.
Perseverance Pays Off: VinFast’s Year-End Triumphs
To thrive in the dynamic automotive market, VinFast has adopted a multi-pronged approach, offering a diverse range of electric vehicles including eight cars, one bus, nine motorbikes, and one bicycle. This strategy, catering to a wide range of consumer needs and budgets, has proven successful in the Vietnamese market, with VinFast achieving the top spot in car deliveries for the first ten months of 2024.
A remarkable shift has occurred in Vietnam’s automotive market, with electric vehicles now outselling gasoline-powered cars. This rapid transition is driven by the success of VinFast. This achievement, achieved within just two years of VinFast’s full transition to electric vehicles, signifies a significant milestone for the Vietnamese automotive industry and highlights the growing consumer demand for sustainable transportation options.
VinFast’s growth momentum continued unabated in November, with the company delivering over 16,000 electric vehicles across all models. This record-breaking monthly delivery brings VinFast’s total domestic sales for 2024 to over 67,000 units, solidifying its position as the leading electric vehicle manufacturer in Vietnam.
The company has successfully disrupted the Vietnamese automotive market with a winning combination of innovative products and a compelling sales strategy. The introduction of the VF 3, a stylish and practical electric SUV at an attractive price point, has been a key driver of this success. The VF 3 has quickly become a popular choice for urban commuters, with eager buyers eagerly anticipating their deliveries.
Furthermore, the VF 5 is proving to be a game-changer, appealing to both individual and commercial customers. Notably, VinFast is witnessing a growing trend of traditional taxi operators transitioning to electric vehicles, driven by the significant economic advantages of reduced maintenance costs and stable electricity prices compared to fluctuating gasoline prices.
These successes demonstrate VinFast’s ability to create new market demand and drive the adoption of electric mobility in Vietnam.
As a Nasdaq-listed EV pioneer, VinFast is strengthening its global reach. The company’s remarkable success in the Vietnamese market serves as a catalyst for further international expansion. VinFast’s strategic initiatives are yielding positive results, with September marking a record-breaking month for the company in the North American market.
VinFast’s commitment to green transformation extends beyond business results. The company has garnered global recognition, with its founder, Mr. Pham Nhat Vuong ranked among the 50 most powerful people in the global automotive industry by Motor Trend magazine and VinFast itself included in TIME magazine’s list of 100 most influential companies.
In the dynamic landscape of the global automotive industry, characterized by geopolitical shifts, economic fluctuations, and evolving consumer preferences, VinFast’s multi-market, multi-product strategy is proving to be a crucial factor in its success. This strategic approach enables the company to navigate challenges effectively and solidify its position as a leader in the green revolution./.
Hashtag: #VinFast #EV
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Media OutReach
XIXILI Reimagines Plus-Size Lingerie in Malaysia
When One Size Definitely Doesn’t Fit All
XIXILI’s Plus Size Collection flips the narrative that women need to settle for less-than-ideal sizes.
“For too many women, bra shopping has meant settling for sizes that almost fit or styles that prioritise function over fashion,” says XIXILI spokesperson Grace Tan. “Inclusivity is about recognising that every woman deserves access to beautiful, sexy, well-fitted lingerie. That shouldn’t be a problem they have to solve alone.”
To address the challenges of online fitting, XIXILI combines a detailed bra size chart with its pioneering ‘Try-On in 3D’ avatar tool. The feature allows women to generate a personalised digital twin based on specific measurements, enabling them to visualise the fit before purchasing.
Support Without Sacrifice: Plus Size Done Right
The Rufina Full Coverage Full Cup Bra sits at the heart of XIXILI’s Plus Size collection, designed for women who have been told they have to choose between support and style. The Rufina bra offers full coverage support with a contemporary silhouette that works under everything from work blouses to festive party dresses. Engineered specifically for fuller figures, it celebrates natural curves instead of trying to hide or minimise them. It’s the kind of foundation piece that lets you focus on your day, not your discomfort.
“We want every woman to feel supported, comfortable, and beautiful in whatever she’s wearing,” says Grace Tan. “Whether it’s for work, family gatherings, or special occasions, the right fit makes all the difference to daily comfort and confidence.”
Empowering Women With Knowledge, Not Just Options
XIXILI recognises that offering more sizes is only half the equation. Many women have spent years navigating limited options without proper guidance on finding their actual measurements.
The brand addresses this through interactive bra size charts, how-to-measure videos, and one-on-one personalised fittings at boutiques nationwide. By equipping women with the tools and knowledge to identify their true size, XIXILI transforms what can be a frustrating shopping experience into a more confident and informed process.
As Christmas shopping gets underway, the Plus Size Collection offers both a thoughtful gift for loved ones and an opportunity for self-care during the busy holiday season.
For more information and to discover the full range, visit XIXILI’s website.
Hashtag: #XIXILI
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The issuer is solely responsible for the content of this announcement.
XIXILI
A homegrown Malaysian brand, XIXILI offers beautiful fashion lingerie and shapewear in Malaysia that prioritises fit and comfort. With an extensive range of bra sizes from A to I and bands 65 to 110cm, XIXILI caters to women of all shapes and sizes. Expert fitters are dedicated to helping each customer find the perfect bra, boosting confidence and enhancing silhouettes.
XIXILI became the first Malaysian lingerie brand to introduce a Try-On in 3D avatar tool, allowing customers to virtually try on XIXILI lingerie using a 3D avatar tailored to their specific body type and measurements. Whether for everyday wear or something special, XIXILI ensures women always look and feel amazing.
Media OutReach
Essential Document Checklist for SIM Applications
Preparation Is Key
SIM reviews thousands of applications each year, and incomplete submissions remain one of the primary causes of processing delays. Early preparation of all required documents is essential to ensure a seamless application experience and allow applicants to remain focused on their academic objectives. As stipulated in SIM’s Application Process Guide, all supporting documents must be uploaded at the point of application and submissions lacking these documents will not be processed.
The Core Documents Every Applicant Needs
Prior to applying to the Singapore Institute of Management (SIM), applicants should ensure that all required documents are prepared to prevent processing delays. Scanned copies of academic certificates and transcripts, such as GCE ‘O’ and ‘A’ Levels, diplomas or degrees must be provided, along with certified translations and notarisation for documents not in English.
Proof of English language proficiency, such as IELTS or TOEFL results, is mandatory for applicants whose previous education was not conducted in English. Identification documents are also required, including the NRIC for local applicants and a valid passport for international applicants, accompanied by a recent passport-sized photograph that complies with SIM’s specifications.
International applicants must additionally prepare documentation for the Student’s Pass application, which includes the passport bio-data page, birth certificate, evidence of financial capability, and, where applicable, parent or guardian identification documents.
Quick Tips to Avoid Delays
Submitting an application to the SIM can be a straightforward process with proper preparation. Ensure that all documents are uploaded in the correct format, with PDF being the standard for certificates and transcripts. For documents not in English, certified translations must be provided to prevent rejection or requests for re-submission.
Applicants should also adhere to SIM’s photo specifications by submitting a recent passport-sized photograph that meets official guidelines. International students must pay particular attention to financial documentation, as proof of financial capability is a key requirement for the Student’s Pass application. Bank statements and supporting documents should be prepared in advance to comply with Immigration & Checkpoints Authority (ICA) requirements. Following these steps will help avoid unnecessary delays and ensure a smooth application process.
Application Essentials
Prospective students are advised to submit a complete and accurate application to ensure smooth processing. Detailed instructions and programme-specific requirements can be found on SIM’s official application portal. Applications that are incomplete or contain inaccuracies will not be considered. To avoid delays, applicants should make use of the provided checklist and guidelines to confirm compliance before submission.
References:
- SIM Application Process – https://www.sim.edu.sg/degrees-diplomas/admissions/application-process
Hashtag: #SIMGlobalEducation #SIMGE
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About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
Media OutReach
Vinfuture 2025 Honors Four Groundbreaking Scientific Achievements Under The Theme “Rising And Thriving”
The 2025 VinFuture Prize Award Ceremony was broadcast live on VTV1, the national television channel of Vietnam. The event was attended by Mr. Tran Thanh Man, Politburo member and Chairman of the National Assembly, along with leaders of central ministries and agencies, representatives of embassies and international organisations, and distinguished scientists from around the world.
The VinFuture Prize 2025 received 1,705 nominations from scientists, research institutions, and technology enterprises worldwide, representing an almost threefold increase relative to the inaugural year. These submissions highlight impactful cross-border research efforts focused on protecting public health, advancing next-generation intelligent materials, addressing climate change, accelerating novel energy solutions, and strengthening global food security frameworks.
The 2025 VinFuture Grand Prize valued at US$3 million is awarded to Dr. Douglas R. Lowy, Dr. John T. Schiller, Dr. Aimée R. Kreimer and Prof. Maura L. Gillison (USA) for discoveries and development of HPV vaccines for prevention of tumors caused by human papillomaviruses.
Foundational studies on HPV capsid proteins by Drs. Douglas Lowy and John Schiller led to the development of highly effective HPV vaccines, preventing millions of cervical cancer cases, especially in developing countries. Furthermore, the single-dose vaccination regimen developed by Dr. Aimée Kreimer – now recommended by the World Health Organization (WHO) – has significantly expanded vaccine access for populations worldwide.
In parallel, laboratory and epidemiological studies by Prof. Maura Gillison and Dr. Aimée Kreimer established the link between HPV and head-and-neck cancers, which represent an emerging cancer threat expected to be mitigated by HPV vaccination efforts. The achievements of Dr. Douglas Lowy, Dr. John Schiller, Dr. Aimée Kreimer, and Prof. Maura Gillison have already saved millions of lives and will keep lowering the global cancer burden for decades to come.
In addition to the Grand Prize, the 2025 VinFuture Prizes will also present three Special Prizes, each valued at US$500,000, recognizing Innovators from Developing Countries, Women Innovators, and Innovators with Outstanding Achievements in Emerging Fields.
The 2025 VinFuture Special Prize for Innovators from Developing Countries is awarded to Prof. María Esperanza Martínez-Romero (Mexico) for advances in microbial ecology and symbiotic nitrogen fixation in the tropics. Prof. Martínez-Romero has discovered and described numerous new Rhizobium species, significantly expanding scientific understanding of microbial taxonomy and plant-microbe interactions in agriculture. Her work has opened new directions in the study of bacterial-plant symbiosis, with profound implications for sustainable agriculture in resource-limited settings.
The 2025 VinFuture Special Prize for Women Innovators is awarded to Prof. Mary-Claire King (USA) for identification of the breast and ovarian cancer susceptibility gene BRCA1, laying the foundation for genetic testing, screening programs, and personalized treatment. Her landmark identification of the BRCA1 locus on chromosome 17q21 in 1990, before the human genome was sequenced, is considered a historic milestone, demonstrating the genetic basis of cancer risk and transforming prevention and treatment strategies worldwide.
The 2025 VinFuture Special Prize for Innovators with Outstanding Achievements in Emerging Fields has honored Prof. Venkatesan Sundaresan (USA), Prof. Raphaël Mercier (Germany), Dr. Emmanuel Guiderdoni (France), Dr. Imtiyaz Khanday (USA) and Dr. Delphine Mieulet (France) for innovations in the development of clonal hybrid crops. Hybrid seed production for rice, the staple food for more than half of humankind, is a laborious and costly procedure resulting in a high seed cost. The team’s work has enabled rice plants to produce seeds that retain all the superior traits of the parent plant through self-pollination, grounded in new insights into developmental biology and genetics. This groundbreaking research improves yields, reduces seed production costs, and advances sustainable global food security.
Sharing his reflections on this year’s honored works, Prof. Sir. Richard Friend, Chair of the VinFuture Prize Council, stated: “The 2025 VinFuture Prize Laureates have made big advances in science that have brought direct benefits to human health and to global sustainable food crop production. From new vaccines and new understanding of genetic susceptibility to disease to new approaches for plant breeding and new protocols for healthy crop growth, these achievements exemplify the power of science driven by compassion and cross-border collaboration – showing that when knowledge serves humanity, it not only deepens our understanding of the world but also strengthens and sustains the very foundations of life itself.”
After five consecutive and widely acclaimed award cycles, the VinFuture Prize has been securing recognition among the world’s most prestigious science and technology awards, receiving 6,132 nominations from nearly 110 countries and territories across five continents, and honoring 48 outstanding laureates. The awarded innovations—spanning clean energy, artificial intelligence, biomedical technologies, and transformative advances in agriculture—are elevating quality of life, strengthening human well-being, and shaping strategic pathways for the future of humanity.
The VinFuture Prize Ceremony and VinFuture Sci-Tech Week have evolved into an established global platform for scientific exchange, bringing together scientists, policymakers, and business leaders to advance collaborations toward a sustainable, humane, and prosperous future.
Notably, after five award seasons driven by persistent efforts to connect global scientific excellence with the Vietnamese research community, the VinFuture Foundation and the VinFuture Prize have not only fostered new opportunities and momentum for national science, but have also strengthened Vietnam’s standing as a trusted destination for the world’s scientific community—where innovation is widely shared and amplified for the collective prosperity of humankind.
Hashtag: #Vinfuture
The issuer is solely responsible for the content of this announcement.
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