VinFast, the automotive arm of Vingroup, was established with a vision beyond mere profit. Vingroup’s chairman, Pham Nhat Vuong, has affirmed that the creation of VinFast stemmed from a desire to contribute to society. This commitment to social impact is evident in VinFast’s dedication to a sustainable future.
In 2022, VinFast made a bold pledge to achieve net-zero carbon emissions by 2040 by signing The Climate Pledge. Additionally, they committed to the COP26 Zero-Emission Vehicle (ZEV) Declaration, promising 100% zero-emission vehicle sales in key markets by 2035. To fulfill these promises, VinFast took a transformative step away from internal combustion engines and became one of the first automotive manufacturers to embrace electric vehicles fully.
This decision positioned VinFast at the forefront of the global clean energy transition. Their electric mobility ecosystem, including cars, buses, scooters, and charging infrastructure, offers a green transportation solution. Moreover, VinFast emphasizes a circular economy by collaborating with research institutes to develop zero-carbon solutions and using responsibly sourced, recyclable batteries.
A notable initiative is the establishment of fast-charging stations across Vietnam, making electric vehicles more accessible and attractive to consumers. Additionally, VinFast has introduced a battery subscription model that replaces old batteries at 70% capacity, optimizing resource use and reducing emissions. These efforts demonstrate VinFast’s commitment to environmental responsibility in every aspect of its business.
Innovation in design and production processes further enhances VinFast’s sustainability initiatives. By integrating energy-efficient robots and sustainable materials, VinFast minimizes waste and sets new standards for eco-friendly manufacturing. Their supply chain management principles have also contributed to localization and in-house production, reducing the environmental impact of transportation.
Morningstar Sustainalytics recognized VinFast’s efforts in 2022 with a Corporate ESG Assessment score of 23.3, one of the highest among EV companies. Additionally, they won the “Corporate Sustainability Champions” category at the 2022 ORIGIN Innovation Awards. In just a few short years since its inception in 2017, VinFast has made a global impact and strategically entered new markets, including the Middle East, with its unwavering focus on sustainability.
Vingroup: A Global Trailblazer Forging a Path to Prominence
Founded in 1993 by the visionary entrepreneur Pham Nhat Vuong, Vingroup has experienced a meteoric rise to become Vietnam’s foremost private conglomerate. With a diverse range of businesses spanning industries, Vingroup has left an indelible mark on Vietnam’s economic landscape.
The Power of STEM: Empowering India’s Rural Women Through Tech
The women who underwent training at the Sapna Center have returned to their villages with a newfound sense of empowerment. Armed with practical skills and knowledge, they are now equipped to tackle local issues and find innovative solutions to problems within their communities. This transformative training has enabled them to take on a proactive role in driving positive change and making a lasting impact on their villages.
The Golden Legacy of Olympic Equipment: A ‘Second Life’ Unveiled as the Paris Games Draw to a Close
The buzz of the crowd has faded, and the once-bustling Athletes’ Village now echoes with silence as the 2024 Paris Olympics draw to a close. As the athletes depart with their medals and memories, one might wonder: what becomes of the vast array of equipment that supported this global sporting event? Rest assured, the organizers have a meticulous plan to ensure nothing goes to waste.
The Tasty Treasures of the Sea: Seafood Expo Asia Unveils its 2024 Edition in Singapore with a Global Gathering of Exhibitors.
The upcoming Seafood Expo Asia, hosted by Diversified Communications, is set to impress with an extensive showcase of international seafood and processing equipment suppliers. This highly anticipated event, taking place from September 4 to 6 at the prestigious Sands Expo Convention Centre in Singapore, will feature a diverse range of exhibitors from 46 countries, making it the largest and most comprehensive gathering of its kind in the region. With a wide array of products and services on display, the expo promises to be a one-stop destination for industry professionals seeking the latest innovations and opportunities in the seafood market.
