Despite uncertainties in the global economy, Vingroup will continue focusing on winning over international markets this year, the company said at the 2023 Annual General Meeting of Shareholders on May 17.
Hanoi (VNS/VNA) - Despite uncertainties in the globaleconomy, Vingroup will continue focusing on winning over international marketsthis year, the company said at the 2023 Annual General Meeting of Shareholderson May 17.
VinFast, a Vingroup subsidiary that specialises in the design andproduction of electric vehicles (EVs), and Black Spade Acquisition Co.announced a merger on May 12.
The occasion represents a significant step toward VinFast'slisting on the US stock market and presents Vingroup and VinFast with newoptions for international financing.
In addition, VinFast continues to focus on the production oflaunched EV models for delivery to customers and prepares for the manufacturingof new models, which are the VF 6 and VF 7, while ramping up the progress ofsetting up a plant in North Carolina.
In 2023, the Board of Directors of Vingroup targets a net revenueof 190 trillion VND (8.1 billion USD), a gain of 87% year-on-year. If it isreached, this will be the highest net revenue since the company startedoperations. The company's profit after tax is forecast to slightly decrease by 44billion VND from last year’s figure to 2 trillion VND.
For its fund-raising plan, Vingroup expects to issue a maximum of 5trillion VND in bonds in one or many offerings. They are convertible bonds witha maximum coupon rate of 15% a year.
The term of a bond ranges from 12 months to 60 months. Vingroupwill offer private placement or public placement, depending on the actualsituation.
Last year, it raised nearly 1.1 billion USD from internationalmarkets, demonstrating the company's reputation globally.
Regarding the plan to use accumulated profit after tax as of theend of 2022, Vingroup proposes to distribute 5 billion VND to the reserve fundaccording to the provisions of the group's charter, and all accumulated profitswill be kept for operating activities./.
Chairman of VinGroup Pham Nhat Vuong is not in the list of people banned from traveling abroad, and the firm is operating normally, according to Lieut. Gen. To An Xo, Chief of the Office and Spokesperson of the Ministry of Public Security.
Vietnam’s largest conglomerate Vingroup has released its consolidated financial statements for the third quarter of 2022, with a profit after tax of over 506.3 billion VND (2 million USD).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
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.
At the meeting (Photo: Vingroup) 
