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    VIC   VN000000VIC9

VINGROUP JOINT STOCK COMPANY

(VIC)
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End-of-day quote Ho Chi Minh Stock Exchange  -  05-25
77700.00 VND    0.00%
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VinFast Announces it Will Commence A Reservation Program for its First Two EV Models – VF E35 and VF E36 – Beginning on January 5 At CES 2022

01/04/2022 | 03:27pm EDT

VinFast announced it will commence a reservation program for its first two EV models – VF e35 and VF e36 – beginning on January 5 at CES 2022. VinFast will apply blockchain technologies in the process to certify reservations, payments, and eventually vehicle ownership. VinFast's application of blockchain makes it one of the world's first automakers to put this advanced technology into use. The reservation portal will open simultaneously for both US and Vietnamese markets at 5:00 PM January 5 PST (8:00 AM January 6 Hanoi time) during the VinFast Global EV Day event within CES 2022, and close on April 5, 2022. During this period, customers that make reservations will automatically join an exclusive membership program: VinFirst – 'Pioneer's Gratitude to Pioneers'. In Vietnam, the reservation fee will be VND 10 million (~USD 440), in return for a VND 150 million (~USD 6,565) credit towards the purchase price of a VF e35 or a discount of VND 250 million (~USD 10,938) on an order for VF e36. In the US, VinFast customers who deposit USD 200 to make a reservation will receive e-vouchers of USD 3,000 for the VF e35 and of USD 5,000 for the VF e36. With VinFast's application of blockchain technology, customers booking VinFast EV reservations will get a VinFirst NFT (non-fungible token) certifying their membership as a pioneer in VinFirst. VinFirst member benefits will be transferred directly to their blockchain wallet based on their VinFirst NFT, enabling customers to verify their benefits easily and transparently, and open future benefits and services as a pioneer member. The reservation fees are refundable for both markets. VinFast will first apply blockchain in the reservation process in the US and is looking at the possibilities of using this technology in other markets in the near future. At the opening of the reservation portal on January 5th, VinFast will officially announce the retail prices of two EV models, VF e35 and VF e36, in the US and Vietnamese markets. Pricing for Canadian and European markets will be announced at a later date. With a commitment to making EV ownership more attainable for everyone, VinFast will offer competitive pricing models, along with an attractive battery leasing policy and a 10-year warranty in all markets. The electric SUV models VF e35 and VF e36 for reservation will be equipped with level 2+ Autonomous Driving features for Eco and Plus versions and level 3 - 4 for Premium versions. The models will also feature Smart Services, including Smart Home, Mobile Office, In-car Shopping, In-car Entertainment, and many other convenient, advanced features that create an exhilarating experience for every journey and everyday life. The VinFast Global EV Day event will begin at 4 PM (PST) on January 5, 2022 at VinFast's exhibition booth (#6043) in the West Hall of the Las Vegas Convention and Exhibition Center in Nevada.


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All news about VINGROUP JOINT STOCK COMPANY
05/24Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports
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05/11Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty
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04/29Vingroup Joint Stock Company Reports Earnings Results for the First Quarter Ended March..
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04/28Vietnam's Vingroup says Q1 net profit down 41% y/y, at $22.3 mln
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04/14VINGROUP JOINT STOCK : Vinfast and electrify america announce charging agreement and mobil..
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04/09Vietnam's VinFast seeks US government loans for expansion
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04/09VinFast could seek US govt financing for expansion, Vingroup chairman says
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04/09VINGROUP CHAIRMAN : Says could finance vinfast planned expansion…
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Financials
Sales 2022 155 198 B 6 675 M 6 675 M
Net income 2022 1 130 B 48,6 M 48,6 M
Net Debt 2022 126 080 B 5 423 M 5 423 M
P/E ratio 2022 68,5x
Yield 2022 -
Capitalization 288 290 B 12 400 M 12 400 M
EV / Sales 2022 2,67x
EV / Sales 2023 1,94x
Nbr of Employees 88 220
Free-Float 24,0%
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 77 700,00 VND
Average target price 105 233,33 VND
Spread / Average Target 35,4%
EPS Revisions
Managers and Directors
Quang Viet Nguyen Vice Chairman & Chief Executive Officer
Vuong Nhat Pham Chairman
Hiep Khac Le Vice Chairman
Marc Villiers Townsend Independent Director
Hang Thuy Pham Vice Chairman
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