VinFast named among world's 100 most influential companies in 2024
Electric vehicle maker VinFast has become the only representative from Vietnam to be listed in the "TIME 100 most influential companies 2024”, alongside Google, Microsoft, and Amazon.
Model VinFast VF8 - Illustrative image (Photo: VinFast)
Hanoi (VNA) - Electric vehicle maker VinFast has become the only representative from Vietnam to be listed in the "TIME 100 most influential companies 2024”, alongside Google, Microsoft, and Amazon.
This is the third year the US-based TIME Magazine has voted for this list, and for the first time a Vietnamese company has been named in the list.
TIME said Vinfast has made a global impact in the EV industry due to the lightning pace of construction of its factory in just 21 months.
Accordingly, VinFast is classified in the category 'Disrupters' for those that have made surprises in the past year.
TIME pointed out factors that they believe VinFast has created surprises, such as VinFast’s August IPO, with shares rocketing 700% over two weeks after its debut on the New York Stock Exchange; the firm’s unique model of selling electric cars and leasing batteries; and its bold plans to triple vehicle delivery in 2024 to 100,000.
The magazine said billionaire Pham Nhat Vuong, the founder and current CEO of VinFast, has pledged an additional 1 billion USD of his personal wealth to the firm.
TIME highlighted that VinFast has opened factories in the US, Indonesia, and India in addition to its main factory in Hai Phong, Vietnam.
🔯 VinFast has planned to expand its operation to 50 countries in 2024, focusing on key markets in North America, Europe, India, Indonesia, Thailand, the Philippines, the Middle East, and Africa./.
VinFast Auto on May 15 announced the signing of a cooperation agreement with Bosch, one of the leading global suppliers of automotive technology and services, giving VinFast customers in Europe access to Bosch's extensive network of 700,000 charging points in 30 European countries and providing them with the freedom and convenience to travel across Europe with confidence.
Leading IT services provider FPT Software and automotive manufacturer VinFast of Vietnam were honoured at the 14th Annual “Jewels of Asia” Awards Gala hosted by the Asian American Chamber of Commerce (AACC) in Virginia state of the US on May 2.
Vietnamese EV maker VinFast on May 31 announced the signing of cooperation agreements with the first four Philippine dealers, paving the way for a strong retail network and solidly establishing the company's presence in the Southeast Asian country's electric vehicle market.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
