Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES Energy Solutions JSC (VinES) and VinAI Artificial Intelligence Application and Research JSC (VinAI) – have been established with charter capital of VND1,000 billion (US$43.68 million) and VND425 billion, respectively.

The Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam.

VOV.VN - The US Agency for International Development (USAID) and Danang City People’s Committee launched a project promoting urban energy security in Danang at an online event on June 30.

The Vietnam Petroleum Institute (VPI) and the PetroVietnam Oil Corporation (PVOIL) have agreed to collaborate in the research on electric vehicle (EV)’s battery and charging station.

VOV.VN - Vingroup, Vietnam’s leading multisectoral conglomerate, is planning an initial public offering (IPO) of its car manufacturer VinFast in the United States that could raise about US$2 billion, Bloomberg reported.

VOV.VN - Local automaker VinFast says a record high number of orders have been placed for its smart electric vehicle shortly after the environmentally friendly car made its debut on March 24.

VOV.VN - As the nation’s first automaker, VinFast is now officially taking pre-orders for its first-ever electric model VF e34, with the vehicle being priced at VND690 million.