In a significant move in Vietnam’s corporate landscape, Vingroup, the country’s largest conglomerate, has completed the sale of a 41.5% stake and other assets in its retail arm, Vincom Retail, for a staggering $1.6 billion. This transaction ranks among the largest mergers and acquisitions (M&A) deals in Vietnam in recent years, underscoring the dynamism of the country’s economy and corporate sector.
VinFast’s Nasdaq Debut: A Surge in Shares and Ambitious Plans for the EV Market
The electric vehicle (EV) revolution continues to shape the automotive industry, with emerging players aiming to carve out their space in the market dominated by giants like Tesla. VinFast Auto Ltd., a Vietnamese EV manufacturer, recently made a splash in the financial world with its debut on the Nasdaq stock exchange. The company’s shares experienced a remarkable surge on their first day of trading, reflecting investor optimism and the potential of the EV industry in emerging markets.
Green SM Taxi Launches Electric Taxi Services in Hanoi, Set to Expand Nationwide
Electric taxi services are set to make their debut in Hanoi this week, as GSM Green and Smart Mobility JSC announced the launch of its Green SM Taxi brand on April 14th.
GSM Invests in Be Group to Bring Vinfast Electric Vehicles to Ride-hailing Services in Vietnam
GSM, a subsidiary of Vingroup’s electric vehicle leasing company, has invested in Be Group to bring Vinfast electric cars and motorbikes into their transportation services.
