The Green and Smart Mobility (GSM) JSC on March 20 announced that it received nearly 46,000 pre-orders for four VinFast Green models in only three days after it opened the pre-orders on March 17.

Vietnamese car maker VinFast announced that it delivered over 20,000 vehicles in December 2024, a sales record in the domestic market, raising its total last year to more than 87,000.

The decline in domestic automobile consumption and its drop to fifth place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.

VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, reported on March 14 that it delivered 774 electric vehicles (EVs) to customers in the first two months of 2023.

Chairman of Vietnamese conglomerate Vingroup Pham Nhat Vuong on March 6 decided to establish GSM (Green - Smart - Mobility) Joint Stock Company, specialising in offering VinFast electric car and motorbike rental and taxi services.

Vietnam’s domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company.

A number of large manufacturers slashed car prices in early October, signaling a fierce race in the Vietnamese auto market.