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Generali Hong Kong Supports 500+ Underprivileged Families Through Nature-Based Learning Experiences

100% Volunteer Participation Demonstrates Corporate Commitment


HONG KONG SAR – Media OutReach Newswire – 30 December 2024 – Generali Hong Kong continues to make meaningful impact in the community by supporting more than 500 underprivileged families and young children through The Human Safety Net, a global initiative powered by the Generali Group. Recently, Generali Hong Kong organized a Family Hiking Day for families living in Sham Shui Po, one of Hong Kong’s most underprivileged districts. The event aimed to provide these families with a much-needed opportunity to connect with nature and take a break from their daily challenges, fostering precious family bonds through nature-based learning and play.

Ms. Ady Law, Chief Distribution and Marketing Officer of Generali Hong Kong, kicked off the Family Hiking Day alongside The Human Safety Net core team members, ambassadors, and volunteers.
Ms. Ady Law, Chief Distribution and Marketing Officer of Generali Hong Kong, kicked off the Family Hiking Day alongside The Human Safety Net core team members, ambassadors, and volunteers.

Volunteers organized interactive games and activities during the event, providing children with opportunities to explore nature in ways that stimulate sensory and cognitive growth while fostering environmental awareness and creativity. The Family Hiking Day was part of the “Nature Exploration Program”, a series of nature-themed workshops and activities designed to empower families through immersive experiences. Other activities in the program included eco-printing workshops, guided tours of the Tuen Mun Reptile House, and interactive sessions with small animals, offering families a blend of education and entertainment.

The “Nature Experience Program” is one of many initiatives under The Human Safety Net in Hong Kong. This year, through the Global Challenge fundraising event, Generali Hong Kong successfully mobilized nearly 500 employees, agents, business partners, customers, and members of the public. The program is delivered in collaboration with the NGO OneSky, enabling impactful support for vulnerable families.

Generali Hong Kong has been committed to supporting underprivileged families and young children, with every colleague contributing in different ways, which has led to a 100% volunteer participation rate, including staff and agents. Looking ahead, The Human Safety Net will continue to expand its reach to more districts across Hong Kong, helping even more families in need.

Hashtag: #GeneraliHongKong

The issuer is solely responsible for the content of this announcement.

Generali Hong Kong

In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers.

Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

Vietnam Leads Surge in Contactless Payments Across Asia-Pacific: Visa survey data


HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 30 December 2024 – Visa, the global leader in digital payments, reveals a surge in contactless payments across the Asia-Pacific (AP) region, with Vietnam leading the charge based on a recent survey commissioned by Visa done by YouGov[1]. VisaNet data analyzed by the Visa Consulting & Analytics (VCA) shows a significant shift in payment behavior, with nearly one in five transactions processed on the Visa network being contactless in September 2024.

Survey results reveal that in the AP region, in-app mobile wallets (69%) and tap-to-pay (68%) are the preferred payment methods. In Vietnam, mobile wallets are favored payment method by 80% of consumers surveyed, while 68% utilize tap-to-pay. Additionally, 39% of Vietnamese consumers trust smartphones for high-value transactions, demonstrating their confidence in mobile payment security and comfort with mobile-first solutions.

At the end of November 2024, contactless payments have become universal in Vietnam, with over 75%1 of face-to-face transactions on Visa cards being contactless. The introduction of mobile wallets such as Apple Pay, Garmin Pay, Google Pay, and Samsung Pay has significantly driven this trend, reflecting growing consumer confidence and a rising demand for SMBs to offer these seamless payment options. Visa is actively collaborating with banks and merchants to develop a comprehensive contactless ecosystem through the “Small Business, Big Future” initiative and an online toolkit supporting SMBs in their digital transformation journey.

Ms. Dung Dang, Visa Country Manager for Vietnam and Laos, said: “We envision a future where digital payments are seamless, secure, and accessible to all Vietnamese businesses. By collaborating with partners across the payment ecosystem, we strive to help SMBs unlock new opportunities for growth and efficiency, ultimately contributing to Vietnam’s economic progress.”

While contactless payments offer unparalleled convenience, transaction security is crucial for establishing consumer trust and promoting widespread adoption. With 51% of respondents across AP expressing confidence in tapping their card as a secure payment method, the AP digital economy experienced an uplift of more than USD 2 billion with the implementation of the Visa Token Service (VTS). This underscores the importance of promoting secure, contactless payment solutions throughout the region.

Additionally, by collaborating with QR payment providers in Asia Pacific, Visa facilitates seamless cross-border transactions, opening new opportunities for Vietnamese businesses in international commerce. This is further reinforced by the growing preference for QR code payments in Vietnam, with 98% of mobile payment users scanning QR codes at point-of-sale (POS) for their convenience, wider acceptance, reliability, and security[2].


[1] VisaNet data, all other data unless otherwise stated is from AP Consumer Payment Preferences Survey commissioned by Visa done by YouGov – Total sample size was 16,308 respondents (14 markets in total) and fieldwork was undertaken between 30th August – 6th September 2024 with 1,038 respondents in Vietnam.

[2] The Visa AP Mobile Research was conducted online with 9,000 consumers across 5 Asia Pacific countries including Australia, India, Singapore, Vietnam (1,500 respondents) and Japan, aged 18-60 years (IN, SG, VN) / 18-70 years (AU, JP), in Nov 2024.

Hashtag: #Visa #ContactlessPayments



The issuer is solely responsible for the content of this announcement.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Yuewen Music Festival Day 1: Mesmerizing Performances Ignites Siloso Beach, Sentosa


SINGAPORE – Media OutReach Newswire – 28 December 2024 – The inaugural Yuewen Music Festival kicked off on Day 1, showcasing a mesmerizing array of performances that ignited Siloso Beach, Sentosa.

IMG 5632

DJ Tech’1 opened the event, energizing the crowd with a dynamic DJ performance that set the vibrant tone for the evening. His innovative mixes had everyone on their feet.

Following him, Olivia Marsh dazzled the audience with hits like “Backseat + Waterworks” and “Pina Colada.” Her engaging stage presence and powerful vocals left a memorable impression.

Maggie Chiang 江美琪 enchanted fans with both new songs and nostalgic classics, including “Round and Round” (圆的?圆的!) and “Poet Of The Night” (夜的诗人), evoking heartfelt sing-alongs.

The beloved KISS OF LIFE brought their unique sound to the stage, performing crowd favorites like “Sticky” and “Midas Touch,” igniting infectious energy throughout the venue.

ITZY, the K-pop sensation, electrified the audience with hits like “GOLD” and “WANNABE,” showcasing dynamic choreography and charisma that kept fans engaged.

Red Velvet – IRENE & SEULGI delivered a powerhouse performance featuring tracks such as “28 Reasons” and “Monster,” captivating attendees with their seamless harmonies and stunning visuals.

LaLa Hsu徐佳莹 brought her soulful sound to the festival, performing “I Dare You”(你敢不敢)and “Lost Desert” (失落沙洲), resonating deeply with the audience and creating an intimate atmosphere.

PP Krit charmed fans with engaging performances, including Fireboy, ลังเล (Hesitate), เส้นเรื่องเดิม (Rerun), ขอโทษละกัน (Friend to Friend), I’ll Do it How You Like it, เสนอตัว (Ooh!). His ability to connect with the audience made his set a standout moment of the night.

Finally, Billkin closed the evening with a captivating performance that included “Daily Magic”, ยิ่งดุยิ่งชอบ, Golden Hour, ยิ้มทั้งน้ำตา (Always), สวยงามเสมอ (Ever Forever), ชอบตัวเองตอนอยู่กับเธอ (I Like Us), Mr.Everything, drawing cheers and applause as he wrapped up Day 1 on a high note.

Cultural Integration and Globalization of IPs

The Yuewen Music Festival marks the first large-scale music event hosted by Yuewen in Singapore, reflecting an important move to leverage music as a vibrant platform for engaging young audiences, enhancing emotional connection to Yuewen’s intellectual properties (IPs). This approach addresses the growing demand among young audiences for immersive experiences and emotional resonance in their cultural consumption.

The festival’s inclusive and diverse nature allows for various activities, including music performances, IP showcases, and merchandise sales. Yuewen Goods, featuring exclusive merchandise inspired by popular Yuewen IPs, saw remarkable sales, further proving the festival’s appeal among attendees.

This festival is the first step in Yuewen’s efforts to expand its IP products internationally and innovate its IP experiences. Looking ahead, Yuewen plans to launch various offline activities, such as the IP marketplace “YUEWEN WONDERLAND” and the Yuewen Global IP Awards, exploring new models of “IP + cultural tourism” in collaboration with Singapore Tourism Board. The goal is to co-create remarkable IP experiences with domestic and international artists and partners, further enhancing Singapore’s appeal as a tourist destination.

Hashtag: #YuewenMusicFestival

The issuer is solely responsible for the content of this announcement.

About Yuewen

Yuewen (HKEX: 0772, formerly China Literature Limited) is a culture and entertainment group that was founded in March 2015. It focuses on creating and developing intellectual property (IP) derived from online literature.

Yuewen has a diverse portfolio of well-known brands, such as QQ Reading, Qidian, New Classics Media, and Tencent Animation & Comics. It serves as a platform for tens of millions of creators and a rich reserve of literary works across 200 genres, catering to hundreds of millions of users. Yuewen is renowned for its celebrated IP portfolio, which includes popular titles like Joy of Life featuring Zhang Ruoyun, Guardians of the Dafeng featuring Dylan Wang, My Heroic Husband, Candle in the Tomb, The King’s Avatar featuring Yang Yang, Soul Land, and Nirvana in Fire. It has successfully expanded its reach across various media formats, including audiobooks, animation, comics, films, drama series, games, and offline merchandise.

For more information, please visit .

Gorilla Technology Removes Overhang from Market, Strengthens Position Through Strategic Actions


LONDON, UNITED KINGDOM – Newsfile Corp. – 27 December 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), is pleased to announce the removal of a partial but a critical overhang from its shareholder base, following the exercise of warrants by one of the holders, resulting in a fresh injection of capital of nearly $6 million.

This pivotal milestone injects fresh cash into the Company’s reserves, Gorilla’s unwavering dedication to building a fortress-like balance sheet. Simultaneously, Gorilla is taking bold steps to engage with other investors to strategically acquire their shares, while aggressively advancing its share buyback programme to reshape and fortify its capital structure for long-term growth and stability. With a robust backlog of projects, strategic partnerships across key industries and a strong foothold in emerging markets, the Company is well-positioned for substantial growth.

Chairman and CEO Jay Chandan remarked, “A partial removal of this overhang and the fresh injection of capital further strengthen our position to execute on our growth plans. Our ongoing efforts to engage with the market and optimise our capital structure underscore the confidence we have in Gorilla’s future and its potential.”

Interim CFO Bruce Bower added, “These actions reflect our prudent financial management and proactive approach to managing our capital structure while maintaining the liquidity needed to support Gorilla’s strategic initiatives and long-term growth ambitions. Gorilla remains focused on delivering innovative solutions, driving value for stakeholders and leveraging its expertise in AI and cybersecurity to lead in high-growth markets.”

Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

The issuer is solely responsible for the content of this announcement.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: .

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about the capabilities of our GPU offering, our ability to deliver products at competitive prices, our ability to service our customers, the growth of the Smart City market, the capabilities of our third party vendors, our ability to attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Pigeon Empowers Mothers With A Holistic Maternity Skincare Line: The Perfect Blend of Nature, Science, and Sustainability

Formulated with 90% naturally-derived ingredients and Dermal Precision Technology to maximise absorption and minimise irritation


SINGAPORE – Media OutReach Newswire – 27 December 2024 – Pigeon, the go-to brand for mother-and-baby essentials, expands its support for mothers with the new Natural Botanical Maternity skincare range, designed to provide mothers with safe, effective, and eco-conscious, self-care solutions during pregnancy and postpartum. This unique range combines 90% naturally derived ingredients with cutting-edge Dermal Precision Technology, ensuring maximum absorption and minimal irritation for sensitive skin.

Pigeon Empowers Mothers With A Holistic Maternity Skincare Line: The Perfect Blend of Nature, Science, and Sustainability

The skincare line includes four products: Stretch Marks Serum, Stretch Marks Cream, Firming Cream, and Collagen Hydro Mist. Each one is crafted to enhance skin elasticity, firmness, and radiance, helping mothers maintain their skin’s vitality during the transformative journey of pregnancy and beyond. The unique Dermal Precision Technology ensures that active ingredients are precisely absorbed into the deeper layers of the dermis, providing targeted care for lasting skin benefits.

The skincare range has been clinically proven to deliver visible results, with satisfaction rates ranging from 91% to 100%. Clinical trials show significant improvements in stretch mark appearance, skin firmness, and overall skin texture.

What sets the Natural Botanical Maternity skincare line apart is its commitment to sustainability. It features upcycled ingredients, such as organic Tangerine Extract, offering a gentle yet effective solution for mothers. Additionally, the line uses eco-friendly packaging made from FSC-certified paper and recycled plastics.

“We believe that a mother’s well-being directly impacts the development and happiness of her baby. That’s why we are committed to providing effective solutions that support both maternal self-care and family happiness. Our dedication to sustainability ensures that our products are not only gentle on the skin but also kind to the planet, with eco-conscious practices that prioritise the future of both mothers and the environment.”
– Mr. Yusuke Nakata, CEO, Pigeon Singapore Business Unit.

With its dedication to both maternal well-being and environmental responsibility, Natural Botanical Maternity skincare aims to support mothers through every stage of motherhood while promoting a healthier planet.

Tailored Solutions for Every Stage of Motherhood

For optimal skin during pregnancy & postpartum:

Prevent

  • Stretch Marks Cream – Prep your skin for the massive stretch with Peptides and Amino Acids

Target

  • Stretch Marks Serum – Lighten stretch marks scars with BrightenPlu5+, a skin-loving brightening combination

Restore

  • Firming Cream – Tighten and smoothen skin appearance with Carnitine and Peptides

On-The-Go

  • Collagen Hydro Mist – Relieve dry skin quickly with a blend of Collagen, Peptides and Panthenol

Hashtag: #Pigeon #NaturalBotanicalMaternity

The issuer is solely responsible for the content of this announcement.

About Natural Botanical Maternity

Natural Botanical harmoniously blends skincare science with ingredients hand-picked from Nature to deliver effective results while being gentle on the skin. Committed to sustainability, the brand also ensures that most of its packaging is crafted with recycled plastics, reflecting a dedication to reducing environmental impact. Embrace the power of nature combined with advanced skincare solutions with Natural Botanical, where beauty and responsibility go hand-in-hand .

Natural Botanical Maternity is now available at :
Baby Specialty Stores:

  1. Baby Kingdom
  2. Kiddy Palace
  3. Mummy Market
  4. Mothers Work

Department Stores and Health & Beauty Stores

  1. BHG
  2. Isetan
  3. OG
  4. Takashimaya
  5. Watsons

Online

  1. Pigeon
  2. Agape Babies
  3. Amazon
  4. Lazada
  5. Shopee

About Pigeon

PIGEON is a market leader in mother and baby care products. With extensive research to offer the highest levels of comfort, safety and quality, PIGEON is the preferred choice for high quality, durable and user-friendly merchandise for mothers, babies and toddlers. As an ISO 9001-2008 certified company, PIGEON has developed easy-to-use and affordable products for over half a century, for each step of motherhood and promotes the healthy development of the baby and the happiness of the mother and family through innovation and invention. The basis of our strong growth is our even stronger R&D unit. Based on three important processes, we create products that suit the exact needs of mothers, babies and toddlers:
  • Extensive study on the needs of new mothers and babies
  • Market research to identify the gaps between demand and supply
  • Our knowledgeable and motivated team of researchers

VinFast VF 8 Demonstrates the Upstart Carmaker’s Ambition to Succeed


HANOI, VIETNAM – Media OutReach Newswire – 27 December 2024 – The VinFast VF 8 is produced at one of Southeast Asia’s most advanced manufacturing facilities, reflecting the Nasdaq-listed company’s focus on efficiency and innovation to meet the evolving needs of global consumers while contributing to a greener automotive future.

The VF 8 offers one of the most competitive lease deals in the U.S., easing the transition for those switching to electric vehicles.
The VF 8 offers one of the most competitive lease deals in the U.S., easing the transition for those switching to electric vehicles.

Inside VinFast’s Haiphong factory, the VF 8 and other vehicles in their comprehensive EV lineup embody the company’s pioneering vision. Recognized for its innovation and speed to market, VinFast secured a spot on TIME’s 2024 list of influential companies. As VinFast expands globally, its vehicles demonstrate advanced engineering and a commitment to sustainability. Among these, the VF 8 emerges as a flagship model, offering a glimpse into a smarter and greener automotive future.

Designed for North America’s SUV-Loving Families

In North America, SUVs account for nearly 55% of all passenger vehicle sales in 2023[1], reflecting their enduring popularity. The VF 8 embraces this trend, combining an elegant SUV-coupe silhouette with practical features tailored for everyday use. Its sloping roofline maximizes style and interior space, making it a strong contender for families seeking both comfort and aesthetics.

The VF 8’s minimalistic interior design reduces physical buttons, enhancing driver focus while maintaining a modern, uncluttered look. Its spacious cabin ensures a comfortable experience for both short trips and long journeys. Powered by an electric drivetrain, the VF 8 boasts significantly lower operating costs than traditional ICE vehicles in the same segment. This efficiency is a key factor for families considering long-term savings.

Adding to its appeal, the VF 8 offers one of the most competitive lease deals in the U.S., easing the transition for those switching to electric vehicles.

The VF 8 embodies a commitment to innovation and sustainability, symbolizing Vietnam's drive to lead the global green transformation.
The VF 8 embodies a commitment to innovation and sustainability, symbolizing Vietnam’s drive to lead the global green transformation.

The VF 8: A Testament to VinFast’s Vision

The VF 8 represents a milestone for VinFast, Vingroup, and Vietnam’s automotive ambitions. As Vietnam’s top car brand for the first 10 months of 2024, VinFast continues its global expansion with ventures in Indonesia, the Philippines, and the Middle East, as well as new assembly plants in Indonesia and India.

For Vingroup, the VF 8 embodies a commitment to innovation and sustainability, symbolizing Vietnam’s drive to lead the global green transformation. More than just a vehicle, the VF 8 showcases how thoughtful design and purpose-driven engineering can shape a better future.

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

Houaphanh to Officially Recognize Tai Daeng Singing, Pa Bum Sauce as Cultural Heritage

Tai Daeng Singing and Pa Bum Sauce (Photo: Yark dung)

Houaphanh Province will officially add Pa Bum sauce and Tai Daeng traditional singing as Cultural Heritage on 30 December, said the provincial governor.

The Green Ecosystem Surrounding VinFast’s EV Fleet: Fueling Asia’s Inevitable Electric Future


HANOI, VIETNAM – Media OutReach Newswire – 27 December 2024 – Driven by the vision of widespread electrification, VinFast is dedicated to making electric vehicles accessible to everyone. To achieve this, the company is actively building a robust green ecosystem across Asia while simultaneously enhancing its sustainable manufacturing processes to meet the surging and undeniable demand for electric mobility.

Photo

Asia’s booming industries and growing population have made it a major player in the global energy landscape. The region’s energy choices are critical to the worldwide transition towards clean energy sources.

While some Asian countries, like Japan with its CCS Long-term roadmap (2023) and India with its National Green Hydrogen Mission (2023), are taking strides towards green initiatives (according to ResearchAndMarkets.com), there’s more to be done. Distributing clean energy technologies across the continent, especially to countries heavily reliant on fossil fuels to meet their energy demands, is essential.

Electric vehicles are a prime example of a technology that can significantly help Asia achieve its climate goals.

While younger Asians recognize the urgency of a global green transition, electric vehicles have often been perceived as costly and complicated. VinFast has made ‘Making EVs Accessible to All’ a reality by addressing two key challenges: offering a diverse range of affordable EVs to suit various consumer needs and budgets, and developing a robust charging infrastructure to facilitate a smooth transition to electric mobility.

From Products to Production: Building a Comprehensive Green Ecosystem

According to The Economist Intelligence Unit (EIU), the future of Asia’s electric vehicle sector looks promising. The EIU predicts that Asia will dominate the global EV market, accounting for 63% of the 115 million new EVs sold worldwide over the next five years. By 2028, EVs are projected to comprise 39% of all new car sales in the region.

VinFast is demonstrating its commitment to green transformation by expanding its reach beyond established markets like Europe and North America. The Nasdaq-listed company has recently entered the Philippines market, where it has officially launched its brand and commenced EV deliveries. Furthermore, VinFast has broken ground on a new manufacturing facility in India.

India is a crucial market in VinFast’s global expansion strategy. This new manufacturing facility will capitalize on India’s rapidly growing market and solidify VinFast’s global manufacturing footprint, complementing its existing production base in Vietnam.

Beyond its manufacturing facilities, in the future, VinFast is committed to offering the Indian market premium quality products, inclusive pricing, and exceptional after-sales support to ensure widespread accessibility of electric mobility.

Furthermore, following its successful debut at the 2024 Indonesia International Motor Show (IIMS), VinFast has expanded its presence in the Indonesian market. The company has delivered its smart electric vehicles, implemented attractive sales and warranty policies, and is actively expanding its dealer network. To support this growth, VinFast has also broken ground on a new assembly plant in Indonesia.

Its innovative battery subscription policy has been a major hit, earning them the “Pioneering Initiative Driving Green Transition” award from Detik.com and recognition from CNN Indonesia for their contribution to the country’s green goals.

Aligned with VinFast’s vision for a sustainable future, Mr. Pham Nhat Vuong, VinFast’s CEO and founder, is building a comprehensive green ecosystem in Indonesia. This ecosystem includes V-GREEN and Xanh SM.

Recently, V-GREEN partnered with Prime Group, a major conglomerate, to establish a network of charging stations for VinFast EVs across Indonesia. This ambitious project, with a projected investment of $1.2 billion, aims to install approximately 100,000 charging stations within the next three years. This MoU highlights both parties’ commitment to accelerating the adoption of electric vehicles in Indonesia.

Meanwhile, Xanh SM, a ride-hailing service powered by electric vehicles, offers consumers a convenient and sustainable transportation solution. This innovative service enables individuals to participate in the green transformation by adopting electric mobility without the need for personal vehicle ownership.

Making Sustainable Mobility More Accessible to All

VinFast’s success in Asian markets is expected to stem from a customer-centric approach that emphasizes product diversity, good pricing, and exceptional value. This includes offering market-leading warranty policies and attractive sales programs.

To thrive in the dynamic automotive market, VinFast has adopted a multi-pronged approach, offering a diverse range of electric vehicles including eight cars, one bus, nine motorbikes, and one bicycle. This strategy, catering to a wide range of consumer needs and budgets, has proven successful in the Vietnamese market, with VinFast achieving the top spot in car deliveries for the first ten months of 2024.

Notably, VinFast has successfully disrupted the Vietnamese automotive market through a combination of innovative product development and a compelling sales strategy. The introduction of the stylish and practical VF 3, offered at an attractive price point, has been a key driver of this success. This affordable and appealing electric SUV has quickly gained popularity among urban commuters, with high demand and eager anticipation among customers.

Furthermore, the VF 5 is proving to be a game-changer, attracting both individual and commercial customers. Notably, VinFast is witnessing a significant shift towards electric vehicles among traditional taxi operators, driven by the compelling economic advantages of reduced maintenance costs and stable electricity prices compared to fluctuating gasoline prices.

These successes demonstrate VinFast’s ability to not only create new market demand but also drive the widespread adoption of electric mobility in Vietnam.

Driven by the success of VinFast, Vietnam’s automotive market has undergone a dramatic transformation, with electric vehicles now outselling gasoline-powered cars.

VinFast’s success in Vietnam demonstrates the potential for significant EV market growth across Asia. By addressing affordability, charging infrastructure, and diverse transportation options, VinFast is leading the charge towards a sustainable future for the region. This comprehensive approach and VinFast’s expanding presence in key Asian markets position the company as a driver in the region’s inevitable electric future.

Hashtag: #VinFast #EV

The issuer is solely responsible for the content of this announcement.