Media OutReach
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
https://vinfastauto.us/The issuer is solely responsible for the content of this announcement.
Southco’s E3 VISE ACTION® Compression Latch with Visual Indicator displays latch open status that can be seen from a minimum of five meters, making it an ideal choice for rail, semiconductor and industrial machinery enclosures where an unsecured door or panel could impact safety during operation. By allowing operators to easily detect latch status, the E3 VISE ACTION® Compression Latch with Visual Indicator improves efficiency, enhances safety and reduces maintenance errors.
Global Product Manager Ike Teng adds, “The E3 VISE ACTION® Compression Latch with Visual Indicator provides visual feedback of whether a panel is fully closed, semi-closed or not secured at all. Like Southco’s standard E3 line, the indicator version delivers robust, vibration-resistant fastening and is available in a variety of grip lengths, providing a simple upgrade for enhancing enclosure safety and security.”
For more information about the functionality of E3 Compression Latches, please visit https://www.southco.com or email the 24/7 customer service department at [email protected]
Hashtag: #Southco #E3VISEACTION
The issuer is solely responsible for the content of this announcement.
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.
Southco Asia Limited
2401, Tower 2, Ever Gain Plaza
88 Container Port Road, Kwai Chung
University of London
The University of London (UoL) is one of the most established overseas degree providers in Singapore, having partnered with SIM Global Education (SIM GE) for more than 38 years.
Through this collaboration, students can pursue degrees in fields such as Business, Banking and Finance, Data Science, Economics, and International Relations. The programmes follow the same curricula and are examined by the same academic boards as those in the UK. SIM complements these with academic support, career services, a vibrant campus life and helping students gain a truly global education while staying rooted in Singapore.
University of Birmingham
The University of Birmingham, a member of the UK’s prestigious Russell Group of research-intensive universities, partners with SIM Global Education (SIM GE) to offer both undergraduate and postgraduate programmes in Singapore.
At the undergraduate level, the Bachelor of Science (Honours) Business Management (Top-up) equips students with analytical and strategic skills necessary for today’s competitive business environment.
For postgraduate learners, SIM GE offers the Master of Business Administration (MBA), designed for professionals seeking to strengthen their leadership, strategic management, and decision-making capabilities. The programme blends academic rigour with practical business applications, preparing graduates for senior management roles and global career opportunities.
University of Stirling
The University of Stirling at SIM offers globally recognised, research-led programmes designed to develop career-ready graduates. With flexible learning options, industry-relevant curriculum, and opportunities for global exposure, Stirling equips students with the skills and knowledge to thrive in today’s competitive job market.
University at Buffalo, The State University of New York
For students who prefer an American-style education, the University at Buffalo (UB) offers full U.S. degree programmes at SIM GE. Students can major in Communication, Psychology, or International Trade, earning a degree directly from UB – “a premier U.S. public university in Singapore … at a fraction of the cost” The UB programmes are taught by faculty approved by the home campus, maintaining the same academic standards and assessments as in New York.
University of Alberta
The University of Alberta holds a position among the top 4 universities in Canada and is internationally recognized as a leading post-secondary institution, ranking within the top 100 universities worldwide. Its steadfast dedication to excellence in research, teaching, and innovation spans over a century.
RMIT University
RMIT University, based in Melbourne, is another major Australian partner of SIM GE. Known for its industry-focused learning, RMIT’s programmes in Business Management, Marketing, and Logistics and Supply Chain Management are designed with employability in mind.
Students gain hands-on experience through case studies and project-based learning. The partnership allows Singapore students to graduate with the same Australian degree as those studying in Melbourne, often within two to three years.
University of Wollongong
The University of Wollongong (UOW), ranked among the world’s top 200 universities, partners exclusively with SIM Global Education in Singapore to offer IT, business information systems, cybersecurity, and data analytics programs taught by UOW faculty. Since 2005, over 3,000 UOW degrees have been awarded at SIM, with pathways for transfers to Australia and industry internships. Students enjoy access to SIM’s vibrant campus life, academic support, and opportunities for awards from agencies like CSIT and IMDA.
The University of Sydney
Over 3,500 of Singapore’s most talented health professionals have graduated with our nursing and health science related degrees, offered in partnership with SIM GE. The nursing programmes are developed, fully taught and awarded by The University of Sydney and accredited by the Singapore Nursing Board.
La Trobe University
La Trobe University is a public research university located in Melbourne, Australia. It was established in 1964 and is now the third university in the state of Victoria. The university is in the top five per cent of business schools worldwide to have earned an AACSB accreditation for delivering excellence in every aspect of the university’s work.
Monash College
Monash College is fully owned by Monash University, Australia’s largest university. The College is the preferred pathway to Monash University for international students. Through innovative programmes which align with the high standards of Monash University, we equip students for life at university, and beyond.
Grenoble Ecole de Management
Founded in Grenoble, Grenoble Ecole de Management (GEM) has greatly developed its expertise in the management of technology and innovation—an expertise that is now the foundation of the institution’s excellence and international renown. The school is accredited by AACSB, EQUIS and AMBA, and is a member of the French ‘Conférence des Grandes Ecoles’.
A Hub for Global Degrees
SIM Global Education offers over 140 full-time and part-time academic programmes from international universities partners.
Students here can earn world-class qualifications, gain exposure to diverse teaching approaches, and access global alumni networks all at lower cost and greater convenience than studying abroad.
As SIM GE highlights, its degrees are “globally recognised, with the same curricula and academic standards as those awarded onshore”
In an increasingly competitive world, these overseas degree options in Singapore offer the best of both worlds – international credentials with local advantage.
References:
- University of London – Teaching Centre: Singapore – https://www.london.ac.uk/study/where-study/teaching-centre/singapore
- SIM Global Education – University of London Programmes – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/university-…
- SIM Global Education – RMIT University – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/rmit-univer…
- SIM Global Education – University at Buffalo – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/university-…
- SIM Global Education – University of Alberta – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/university-…
- SIM Global Education – University of Birmingham – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/university-…
- SIM Global Education – University of Wollongong – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/university-…
- SIM Global Education – The University of Sydney – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/the-univers…
- SIM Global Education – La Trobe University – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/la-trobe-un…
- SIM Global Education – Grenoble Ecole de Management – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/grenoble-ec…
- SIM Global Education – Monash College – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/monash-coll…
- SIM Global Education – University of Stirling – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge/university-…
- SIM Global Education – Overview of Degree and Diploma Programmes – https://www.sim.edu.sg/degrees-diplomas/overview
- SIM Global Education – University Partner Page – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge
Hashtag: #SIMGlobalEducation #SIMGE #CareerReady #FutureSkills #HigherEducation #GlobalDegrees
The issuer is solely responsible for the content of this announcement.
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
Yunnan Showcases Top 10 Must-try Experiences at Trip.Best: Southeast Asia Travel Trends Unpacked
The event gathered representatives from the Singapore Tourism Board, Trip.com, leading travel agencies from Southeast Asia, international mainstream media, travel influencers, and industry experts. Trip.com business leaders shared data-driven insights into evolving travel consumption patterns in this region, covering entry and exit, accommodation, attractions, and dining trends, before revealing the highly anticipated Trip.Best Southeast Asia Travel Rankings.
Yunnan’s presentation on its “Top 10 Must-try Experiences,” took the audience on an immersive journey from the Yuanyang Rice Terraces and Xishuangbanna Rainforest to the Shangri-La Snow Mountain. These tours integrate intangible cultural heritage, ethnic cuisine, and artisanal crafts, creating authentic experiences for global travelers. Complementing the presentation, an outdoor Yunnan lifestyle experience zone was set up, where guests could savor Yunnan specialties, admire Yi embroidery, and capture memorable moments in traditional ethnic attire.
Yunnan also emphasized its traveler-friendly policies, including the 240-hour visa-free transit for international visitors in nine popular tourist destinations, including Kunming, Lijiang, Dali, and Xishuangbanna, and tax refund benefits for overseas shoppers. Enhanced connectivity through Yunnan’s expanding “air corridor” has significantly boosted passenger traffic between Yunnan and South and Southeast Asia. Kunming Changshui International Airport now offers flights to 37 international destinations, with 32 routes linking directly to South and Southeast Asia.
By leveraging Trip.Best‘s global travel rankings and experiential marketing strategies, Yunnan further solidified its brand presence as an international tourist destination, paving the way for deeper collaboration in Southeast Asia’s tourism market.
Hashtag: #Trip.Best
The issuer is solely responsible for the content of this announcement.
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