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Tag: dominates

  • VinFast Shatters Records with Over 115,000 EVs Sold in H1 2026: Dominates Vietnamese Auto Market

    VinFast Shatters Records with Over 115,000 EVs Sold in H1 2026: Dominates Vietnamese Auto Market

    In the first six months of 2026, Vietnamese electric vehicle manufacturer VinFast marked significant growth in the domestic market, reporting a 72% year-on-year increase with a record preliminary domestic delivery of 115,916 electric vehicles (EVs). This impressive performance positions VinFast as the first automotive brand in Vietnam to exceed 100,000 vehicle deliveries within the first half of the year.

    VinFast’s Strong Market Presence

    The month of June alone saw the delivery of 17,955 units, maintaining VinFast’s status as the country’s top automobile brand for the 21st consecutive month. With the Limo Green leading in sales with 3,868 vehicles delivered in June, closely followed by the VF 3 model which saw 3,550 units moving into the hands of customers.

    The success of the VF 5 and its derivative model, the Herio Green, continued with combined deliveries reaching 3,364 units. This was ahead of the VF 6’s total of 2,988 units. The VF 7 and the VF MPV 7 models also had a steady sales performance with 1,437 and 1,254 units delivered respectively.

    Over the span of six months, the Limo Green and the VF 3 emerged as VinFast’s leading models in the Vietnamese market with cumulative deliveries of 27,927 and 23,781 units respectively. Furthermore, the VF 5 and the Herio Green saw a combined delivery of 20,167 vehicles. Other models such as the VF 6, VF MPV 7, and VF 7 also maintained a steady performance with 14,045, 9,177, and 6,849 units delivered respectively.

    New Arrival in the Product Line

    VinFast is not just resting on its laurels. The automaker recently unveiled the VF 2, a compact urban EV, and has opened pre-orders in Vietnam with a price tag of VND188 million (US$7,200). Deliveries to customers are scheduled to begin as early as September.

    Questions & Answers

    What milestone did VinFast achieve in the first half of 2026?
    VinFast became the first automotive brand in Vietnam to surpass 100,000 vehicle deliveries within the first half of the year.

    What are the top-selling models of VinFast in Vietnam?
    The Limo Green and the VF 3 are the top-selling models of VinFast in Vietnam, with cumulative deliveries of 27,927 and 23,781 units respectively in the first half of 2026.

    What is the latest model introduced by VinFast?
    VinFast recently introduced the VF 2, a compact urban EV, which is currently available for pre-orders in Vietnam.

  • Birkenstock Dominates Chennai with Largest Indian In-Mall Store, Upping National Footprint to 63 Stores

    Birkenstock Dominates Chennai with Largest Indian In-Mall Store, Upping National Footprint to 63 Stores

    Birkenstock, the esteemed German footwear brand, has recently launched its most sizeable in-mall shop in India, situated in Chennai. This new addition brings the total count of Birkenstock locations in the country to 63, showcasing the brand’s steadfast expansion throughout India.

    A Steady Expansion in India

    Birkenstock’s journey in India began six years ago and since then, the brand has significantly broadened its footprint in the country. Despite continuing to operate its 1,600 sq. ft flagship store in Mumbai, the brand has now established its third outlet in Chennai, the capital of Tamil Nadu.

    According to Birkenstock, Chennai is a crucial market for the brand, boasting a burgeoning base of high-end consumers who have a profound appreciation for products that deliver quality and comfort.

    More Than Just Sandals

    The Chennai store displays an array of Birkenstock’s globally recognized products. Not only does it feature the brand’s emblematic sandal and clog styles, but it also offers contemporary closed-toe shoes, seasonal designs, accessories, and the fundamental care essentials range.

    Earlier this year, Birkenstock also inaugurated a flagship store in Osaka, Japan. The footwear giant has been vocal about its active strategy to expand its direct-to-consumer store presence on a global scale.

    Questions & Answers

    What is Birkenstock’s most recent expansion move in India?
    Birkenstock has opened its largest in-mall store in Chennai, India, taking its total store count in the nation to 63.

    What does the new Chennai store offer to its customers?
    The store features Birkenstock’s iconic sandal and clog styles, contemporary closed shoes, seasonal styles, accessories, and the brand’s care essentials range.

    What is Birkenstock’s global expansion strategy?
    Birkenstock is actively expanding its direct-to-consumer store footprint globally, as evidenced by its recent store openings in India and Japan.

  • US Dollar Dominates Vietnamese Dong, Marks Biggest Monthly Gain Since July

    US Dollar Dominates Vietnamese Dong, Marks Biggest Monthly Gain Since July

    On Tuesday morning, the U.S. dollar gained strength against the Vietnamese dong and is set to have its best month since July against significant international currencies. Vietcombank quoted the U.S. dollar at VND26,357, marking a 0.008% increase from its Monday valuation. Meanwhile, the black market saw a 0.28% decline in the currency’s value, bringing it to around VND27,112.

    Vietcombank’s USD/VND Exchange Rate Performance

    The Vietnamese State Bank responded to the U.S. dollar’s performance by increasing its reference rate by 0.008%, bringing it to VND25,102.

    On a global scale, the dollar is on track for its largest monthly gain since last July. This surge in value positions the dollar as the leading ‘safe asset’ in the current economic climate, characterized by escalating military conflict in the Mideast and consequent surges in oil prices, which have increased the risk of a worldwide recession.

    The U.S. dollar index reached its maximum since last May, hitting 100.61 and marking an increase of 2.9% throughout March; this rise is the most significant monthly increase since last July.

    Performance of Other Major Currencies

    Other significant currencies experienced fluctuating fortunes. The yen, for instance, which hit its lowest point since July 2024 the day before, was traded at 159.81 in Asia on Tuesday morning. This represents a monthly decline of approximately 2.4%, due in large part to Japan’s reliance on imported energy resources, the prices of which are soaring.

    The euro also experienced a downturn, slipping 0.3% overnight and is set for a monthly decline of around 3%. The Australian dollar hit a two-month low, coming in at $0.6834 overnight and was traded at $0.6844 in the Asian morning. The New Zealand dollar is also under strain, hitting a four-month low of 57 cents and last traded nearby at around $0.5716.

    The South Korean won fell to its weakest level since 2009. Against the Swiss franc, the U.S. dollar has risen nearly 4% this month, hitting 0.80 francs.

    Questions & Answers

    What was the U.S. dollar’s value against the Vietnamese dong on Tuesday morning?
    The U.S. dollar was valued at VND26,357 on Tuesday morning.

    What is the global performance of the U.S. dollar at present?
    The U.S. dollar is currently experiencing its largest monthly gain since last July, making it the strongest ‘safe asset’ in the current global economic climate.

    How have other significant currencies performed recently?
    The yen and the euro have seen monthly declines of 2.4% and 3% respectively. The Australian and New Zealand dollars have also experienced dips, while the South Korean won has fallen to its weakest level since 2009.