The Race to a Sustainable Future: VinFast’s Trailblazing Journey.
The VinFast EV manufacturing complex in Hai Phong, Vietnam, is a testament to the company’s commitment to sustainability and innovation. 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.