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  • 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.

  • DBS Shatters Records with Pre-Tax Profit Surge Despite Global Tax Impact

    DBS Shatters Records with Pre-Tax Profit Surge Despite Global Tax Impact

    DBS, a Singapore-based bank, has reported a record pre-tax profit despite the overall net profit experiencing a decrease due to the institution of the new global minimum tax.

    In the year 2025, DBS reported a 3% decline in net profit, amounting to S$11 billion ($8.7 billion). However, the bank’s return on equity and return on tangible equity saw growth, reaching 16.2% and 17.8% respectively.

    Growth in Total Income

    DBS also demonstrated a rise in total income by 3% to a record S$22.9 billion. Key factors contributing to this increase included fee income and treasury customer sales. The bank’s wealth management sector lead the way in these gains, and the markets trading income was the highest observed since 2021. Notably, the cost-income ratio maintained stability at 40%.

    Influence of the Global Minimum Tax

    When considering the impact of the recently introduced global minimum tax of 15%, the bank’s pre-tax profit was slightly higher, reaching an all-time high of S$13.1 billion.

    DBS CEO, Tan Su Shan, expressed confidence in the bank’s performance. He emphasized the bank’s adaptability in capturing market opportunities and meeting client needs as crucial to its successful performance. With ongoing rate pressures and geopolitical tensions, he acknowledged these challenges but was optimistic about the bank’s strong balance sheet and the quality of its franchise to provide a stable foundation for the coming year.

    Questions & Answers

    What were DBS’s net profits for 2025?
    DBS reported a 3% decline in net profits for the year 2025, amounting to S$11 billion ($8.7 billion).

    What contributed to the growth in the bank’s total income?
    The growth in the bank’s total income was largely due to fee income and treasury customer sales, particularly from the wealth management sector.

    What is DBS CEO’s outlook for the coming year?
    Despite acknowledging ongoing rate pressures and geopolitical tensions, DBS CEO, Tan Su Shan, remains optimistic about the bank’s strong balance sheet and the quality of its franchise as a solid foundation for the future.

  • J&T Express Shatters Records with 30 Billion Parcel Deliveries in 2025: A Year of Robust Growth and Innovation

    J&T Express Shatters Records with 30 Billion Parcel Deliveries in 2025: A Year of Robust Growth and Innovation

    J&T Global Express Limited (J&T Express), an international integrated logistics service provider, has reported its operational statistics for both the fourth quarter and the entire year of 2025. In the last quarter, the company saw a total parcel volume of 8.46 billion, marking a 14.5% year-on-year increase with an average daily parcel figure of 92 million. For the year 2025, J&T Express surpassed the 30 billion mark in total parcel volume for the first time ever by reaching 30.13 billion; this was a 22.2% increase from the previous year. The average daily parcel volume also rose by 22.6% to 82.5 million. The company credits this steady overall growth to a strong business performance, particularly in Southeast Asia and new markets, and a consistent input from the China market.

    Performance in Different Regions

    Throughout the fourth quarter, J&T Express experienced significant growth in both Southeast Asia and new markets. This was largely due to the peak e-commerce season and the company’s strong business strategies. In Southeast Asia, the company delivered 2.44 billion parcels in Q4, marking a 73.6% year-on-year increase, and delivered 7.66 billion parcels for the year, which was a 67.8% increase. The company also maintained its growth in new markets such as Saudi Arabia, UAE, Mexico, Brazil, and Egypt. Quarter 4 saw these markets surpassing 100 million parcel volume to reach 130 million, a 79.7% year-on-year increase; for the entire year, the parcel volume reached 400 million, increasing 43.6% from the previous year. The China market also enjoyed good quality growth, with a parcel volume of 5.89 billion for the quarter and 22.07 billion for the whole year, marking an increase of 11.4%.

    Investment in Infrastructure

    In 2025, the company made significant investments in infrastructure and resource allocation. It strategically optimized its network partners and outlets across different markets and upgraded its sorting centers to enhance operational efficiency. The company pushed outlet automation and cloud warehouse expansion initiatives in China, supporting the investment in automated equipment in outlets and the deployment of unmanned vehicles. This led to a 26% increase in automated equipment in outlets by the end of the year, and the deployment of 1,000 unmanned vehicles to greatly improve last-mile efficiency.

    Cloud Warehouses & Automated Sorting Equipment

    Simultaneously, J&T Express established 173 cloud warehouses, providing value-added services to address a variety of customer needs, solidify customer retention, and improve the overall customer experience. J&T Express also introduced Southeast Asia’s first industrial-grade automated sorting equipment at last-mile outlets in Thailand, planning a nationwide automation upgrade by 2026. This technology has been implemented across similar outlets in Vietnam, Indonesia, Malaysia, and the Philippines. At the end of 2025, the company operated 19,300 outlets and 246 sorting centres, with the number of automated sorting machines increasing by 134 year-on-year, bringing the total to 413.

    Charles Junyi Hou, Group Vice President of J&T Express, commented on the company’s performance, stating that the rapid development of e-commerce and a diversified customer base contributed to the robust growth in Southeast Asia and new markets. He noted that in China, the company is actively seeking higher-quality growth and that the delivery of more than 30 billion parcels globally by 2025 will serve as a new starting point for the company. Looking forward, he said they will continue to fortify their global network, stimulate growth through innovation, and consistently meet market demands.

    Questions & Answers

    What led to the year-on-year increase in parcel volume for J&T Express in 2025?
    The increase was a result of robust growth in Southeast Asia and new markets, coupled with the steady contribution from the China market.

    What is J&T Express’s strategy for increasing operational efficiency?
    J&T Express is investing in infrastructure, optimising its network partners and outlets across various markets, upgrading its sorting centres, and deploying automated equipment and unmanned vehicles.

    What are the company’s future plans?
    The company plans to continue strengthening its global network, driving growth through innovation, and consistently meeting market demands. It also aims to complete a nationwide automation upgrade in Thailand by 2026.