Vingroup : VINFAST JOINS THE CLIMATE PLEDGE ON JOURNEY TO NET-ZERO CARBON BY 2040

Hanoi, September 21, 2022 - VinFast announced its participation in The Climate Pledge - a commitment to reach net-zero carbon emissions by 2040, co-founded by Amazon and Global Optimism. As the first Vietnamese enterprise to sign The Pledge, VinFast affirms its determination to contribute to sustainable development.

The Climate Pledge is a commitment for companies, businesses, and organizations to take collective action on the world's greatest crisis, and to work together to build a safe and healthy planet for future generations. Currently, more than 375 have joined the commitment worldwide.

Joining The Climate Pledge, VinFast and businesses pledged to reach net-zero carbon emissions by 2040, 10 years earlier than the Paris Agreement (agreed at the UN Climate Change Conference 2015).

VinFast will strictly measure and report greenhouse gas emissions regularly; implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies; neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

Le Thi Thu Thuy, Vice Chairwoman of Vingroup and CEO of VinFast Global shared: "VinFast is proud to become the first Vietnamese member of The Climate Pledge. This commitment will be a platform for positive activities, and important changes and demonstrate VinFasts commitment to the environment. It is also an opportunity for us to engage in discussion on important global issues, motivating individuals and communities to continue their efforts for a greener and more sustainable future."

"We are excited to welcome Vinfast to The Climate Pledge," said Sarah Dimson-Tarauj, Head of Programs and Partnerships, The Climate Pledge. "Vinfast has committed themselves to creating a future of conscious transport, and we are excited to collaborate with them and 375+ signatories of The Pledge to turn the climate crisis into climate action."

In production, VinFast builds optimal processes to reduce emissions, reuse as well as save water and energy. Sustainability standards are also requirements and evaluation criteria of VinFast for partners and suppliers. VinFast also works with leading research institutes and universities on new solutions to achieve zero carbon emissions. Furthermore, the battery subscription policy also helps VinFast recover old, expired batteries for disposal process following regulations, ensuring safety for the environment.

Joining The Climate Pledge and joining hands to act with other environmentally caring individuals and organizations will help VinFast move faster towards its sustainability goals, bringing a better life for everyone.

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About VinFast

VinFast - a member of Vingroup - envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.com.

About Vingroup

Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. Find out more at: https://www.vingroup.net/en.

About The Climate Pledge

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Now, more than 375 organizations have signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information, visit www.theclimatepledge.com.