The Corporate Engine Powering VinFast’s Global Push

HANOI, VIETNAM – Media OutReach Newswire – 19 July 2024 – In a bold move against the prevailing headwinds in the electric vehicle (EV) industry, VinFast, the young Vietnamese EV manufacturer, is forging ahead with its ambitious global expansion plans. While major players like Apple have recently abandoned their decade-long pursuit of an electric vehicle, and others are scaling back their ambitions, VinFast remains undeterred. Having already established a presence in the U.S., Canada, and Southeast Asia, the company is now setting its sights on the Middle Eastern market.

VinFast EV factory in Hai Phong

The driving force behind VinFast’s unwavering confidence is its parent company, Vingroup, Vietnam’s largest private conglomerate. Both entities are led by Pham Nhat Vuong, the Southeast Asian nation’s wealthiest individual, known for his bold leadership and visionary outlook. Pham’s unwavering belief in the future of electric vehicles is evident in his recent declaration at a shareholder meeting: “The electric vehicle market will continue to grow and eclipse gasoline-powered cars.”

Under Vuong’s leadership, Vingroup has become a powerhouse in Vietnam’s economy. Contributing nearly 1.6% to the country’s 2023 GDP, the conglomerate operates across a diverse range of sectors, including technology-industry, trade & services, and social enterprise. While all sectors play a role in Vingroup’s success, real estate and electric vehicles have emerged as the primary revenue drivers in 2023, surpassing $6.5 billion combined.

Vingroup’s robust financial support has been crucial to VinFast’s journey. Since its inception in 2017, VinFast has received $11.4 billion in capital injections from Vingroup, its affiliates, and Pham himself. This substantial backing has enabled VinFast to make significant investments in research and development (R&D), manufacturing capabilities, and global expansion. In April, Pham pledged an additional $1 billion from his personal wealth to VinFast, further demonstrating his commitment to the car company’s success.

Founded in 2017, VinFast quickly established its Hai Phong automobile factory in 2019, achieving a world record for construction speed. Initially producing gasoline cars, the company made a bold pivot to all-electric and surprised the industry by delivering its first EV to customers in December 2021.

Beyond financial support, Vingroup provides VinFast with a comprehensive technological ecosystem that empowers the EV manufacturer to develop smart and modern vehicles. This ecosystem includes subsidiaries like VinBigData and VinAI, each specializing in different technological domains. Collaborative efforts within this ecosystem have led to innovations like MirrorSense, an AI-driven automatic mirror adjustment technology, and ViVi, a Vietnamese voice assistant, both of which enhance the driving experience for VinFast customers.

Vingroup’s commitment to sustainability is another key factor contributing to VinFast’s success. The conglomerate was recently awarded the prestigious AIBP 2023 ASEAN Tech for ESG Award, recognizing its leadership in sustainable development. Vingroup’s green ecosystem, which encompasses sustainable practices, charging infrastructure, and R&D, provides a solid foundation for VinFast to thrive in the global EV market.

In addition to its existing markets, VinFast is eyeing the Middle East as its next stop, recognizing the growing demand for EVs here. The company has established a regional headquarters in Dubai and formed strategic partnerships with local dealers and distributors in countries like Oman and the UAE.

VinFast’s unwavering expansion, fueled by Vingroup’s financial and technological backing, sets it apart in the competitive EV landscape. Its commitment to sustainability and recent developments in the Middle East highlight its ambition to become a global leader in electric mobility, challenging industry norms and driving the EV revolution forward.

Despite the challenges facing the EV industry, VinFast’s bold approach, backed by Vingroup’s resources and vision, positions it for continued growth and success in the global market.

Mansour bin Zayed approves Arabian Horse Shows Championships and Auctions programme for 2024-2025 season


ABU DHABI: His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of Directors of the Emirates Arabian Horse Society (EASH), has approved the programme for Arabian Horse Shows and Auctions in the UAE for the 2024-2025 season.

The upcoming season’s Arabian Horse Shows Championships and Auctions programme encompasses numerous local and international championships and events exclusively dedicated to Purebred Arabians. The season is set to commence on 21st October, 2024.

The season’s schedule comprises 13 championships, out of which 5 are international championships. Running until 6th April 2025, the season will also feature horse auctions held at various locations, including Sharjah, Ajman, and Dubai Stud.

Sheikh Zayed bin Hamad Al Nahyan, Vice Chairman of the Board of Directors of the EAHS, expressed his appreciation to the great support given by His Highness Sheikh Mansour bin Zayed towards Arabian horses with the
aim of preserving the breed and enhancing their shows and events in the UAE, and praised His Highness’s patronage and directives and follow-up on all of the EAHS’s activities, thus contributing greatly towards achieving its goals and meeting the aspirations of Arabian horse breeders and owners in the UAE in order to preserve this heritage which is an integral part of the national identity.

Sheikh Zayed bin Hamad said, ‘The 2024-2025 season programme is a comprehensive agenda which provides Arabian horse breeders and owners with great offers that meet all aspirations, and the EAHS places a great deal of importance on building on the success of previous seasons while being keen on continuing its gains and sustaining achievements to preserve this authentic legacy.”

Sheikh Zayed also confirmed the continuation of efforts geared towards developing and enhancing Arabian horse shows, supporting local breeders and owners, and taking an interest in improving their capabilities to improve local breeding and praised t
he efforts of the EAHS staff in this field.

The upcoming season kicks off with the Emirates National Horse Show on 21st and 22nd October 2024, followed by the EAHS National Horse Show for Private Studs, to be held from 24th to 27th October.

Next, the Sharjah International Arabian Horse Festival – Straight Egyptian will take place on 31st October, followed by the Sharjah International Arabian Horse Festival – Local Breeding from 1st to 3rd November 2024. 16th November will see the Ajman Arabian Horse auction.

The action will head back to the capital, Abu Dhabi, for the launch of the 2024 Arabian Breeders Show on 19th and 20th November, as well as the Emirates Arabian Breeders Horse Show – Private Studs from 21st to 24th November.

In December 2024, the shows will move to the Eastern region, specifically the city of Kalba, where the Sharjah – Kalba Arabian Horse Festival is scheduled to take place from 13th to 15th December, along with the Fujairah International Championship from 20th December to 22nd Decemb
er 2024, and the Dubai Stud Auction on the 28th.

As 2025 commences, the Ajman Horse Show will take place from 9th to 11th January 2025, followed by the fifth edition of the Al Dhafra Arabian Horse Show – Private Studs from 16th to 19th January in Al Dhafra.

Meanwhile, the Alshiraa’a International Arabian Horse Show is scheduled from 30th January to 2nd February 2025, while the Abu Dhabi International Title Show will be held from 21st to 23rd February 2025.

Finally, the season will come to an end with the 26th edition of the Sharjah International Arabian Horse Festival, which will take place from 4th to 6th April 2025.

Source: Emirates News Agency

Victory Team competes in second round of XCAT World Championship in Palermo, Italy


PALERMO: The Victory Team delegation is in Palermo, Italy, for the second round of the 2024 XCAT World Powerboat Championship, which will begin on Friday and continue until Sunday.

The Masters of the Sea will head towards a new destination led by Mohammed Abdulla Harib Al Falahi, Board Member and CEO of Dubai International Marine Club (DIMC), along with Khalid Bin Dasmal, Board Member at DIMC, and Ahmad Al Sumathi, Director of Victory Team Department at DIMC. The drivers representing Victory 7 are the duo Salem Al Adidi and Eisa Al Ali, in addition to the technical crew.

Victory Team is looking forward to securing the top spots after their success in the first round held in the Emirate of Fujairah, where they gathered a total of 65 points (30 points from the first race and 35 points in the second race) to top the overall standings. This year, they are determined to clinch their sixth World Championship title for the Dubai International Marine Club.

Salem Al Adidi and Eisa Al Ali are eager to replicate thei
r remarkable success from 2017 with Victory Team, aiming to reclaim the world title for the Dubai International Marine Club, which they previously won in 2012, 2013, 2014, 2015, and 2017.

Source: Emirates News Agency

Victory Team competes in second round of XCAT World Championship in Palermo, Italy


PALERMO: The Victory Team delegation is in Palermo, Italy, for the second round of the 2024 XCAT World Powerboat Championship, which will begin on Friday and continue until Sunday.

The Masters of the Sea will head towards a new destination led by Mohammed Abdulla Harib Al Falahi, Board Member and CEO of Dubai International Marine Club (DIMC), along with Khalid Bin Dasmal, Board Member at DIMC, and Ahmad Al Sumathi, Director of Victory Team Department at DIMC. The drivers representing Victory 7 are the duo Salem Al Adidi and Eisa Al Ali, in addition to the technical crew.

Victory Team is looking forward to securing the top spots after their success in the first round held in the Emirate of Fujairah, where they gathered a total of 65 points (30 points from the first race and 35 points in the second race) to top the overall standings. This year, they are determined to clinch their sixth World Championship title for the Dubai International Marine Club.

Salem Al Adidi and Eisa Al Ali are eager to replicate thei
r remarkable success from 2017 with Victory Team, aiming to reclaim the world title for the Dubai International Marine Club, which they previously won in 2012, 2013, 2014, 2015, and 2017.

Source: Emirates News Agency

Asian Mens U20 Volleyball Championship: Qatari Volleyball Team to Face Chinese Taipei in Opener


Doha: The Qatari team is due to participate in the 22nd edition of Asian Mens U20 Volleyball Championship by confronting Chinese Taipei on Jul.23. The tournament is held in Indonesias city of Surabaya from Jul.23-30.

The Qatari team arrived in Surabaya to participate within Group B that includes Iran, the title holder, China, the champion of two editions, and Chinese Taipei.

Besides, the Qatari team is slated to play the second match by confronting China on Jul. 24 and wrapping up the match by meeting Iran on Jul.25.

The tournament features 16 teams divided into 4 groups. Group A includes Saudi Arabia, Indonesia, Australia, and Hong Kong. Group C includes India, Bangladesh, Japan, and Kuwait and Group D includes South Korea, Thailand, Vietnam, and Kazakhstan.

The Qatari team is spearheaded by Saeed Juma Al Hitmi and includes the coach, Santiago Garcia.

Source: Qatar News Agency

Paris 2024 Olympics/ Qatar’s Delegation Chef De Mission to QNA: Our Ambitions are Great, We are Ready For Competitions


Doha: The Qatari sports delegation participating in the Olympic Games Paris 2024 running from July 26 to August 11 aims to achieve commendable results, fielding teams from five federations: athletics, volleyball, shooting, weightlifting, and swimming.

In exclusive statements to Qatar News Agency (QNA), the Chef De Mission of Qatar delegation participating in the Olympics Mohammed Saeed Al Misnad said that preparations are proceeding well in anticipation of this month’s competitions.

Al Misnad mentioned that the final preparations are divided into two main aspects. Firstly, the administrative aspect managed by the Qatar Olympic Committee through the delegation’s logistics team, which arranges all matters related to arrival in Paris, entry into the Olympic Village, and the provision of optimal essential services for athletes, support staff, and administration.

Secondly, the technical aspect pertains to the preparations of participating athletes, ensuring they are well-prepared through various preparatory tou
rnaments, such as high jump champion Mutaz Barshim’s recent participation in Vienna.

He emphasized the importance of allowing all Qatari athletes participating in the Olympics to undergo final preparations in Europe to acclimatize to the environment, explaining that this will have a significant positive impact on the athletes by facilitating proper sleep, training routines, and climate adaptation, highlighting the crucial role of such factors in athletes’ performance and mental presence during official competitions.

Al Misnad expressed confidence in the ability of Qatar’s champions to continue their efforts to achieve more medals in the Olympic Games, adding that the historic achievement in the previous edition held in Tokyo 2020, where Qatar won three medals (two gold and one bronze), serves as a significant motivation to pursue more medals in the Paris 2024 Olympics. He affirmed that expectations and ambitions have risen, wishing success and luck to all athletes to replicate this honorable achievement.

T
he head of the Qatari sports delegation stated that Qatar successfully topped the Arab and Gulf medal tally in the Tokyo 2020 Olympics, which marks the best performance in Qatar’s participation history. He believes this will serve as a positive drive and motivation for athletes to continue winning medals. He emphasized that qualifying for the Olympic Games is a great honor for any athlete and an opportunity eagerly awaited by all sportsmen, urging all athletes representing Qatar in the Olympics to enjoy their experience in Paris 2024 and to present their best performances to represent their country in the best possible manner.

It’s worth noting that the Qatari Olympic Committee announced the participation of 14 athletes representing five federations: athletics, volleyball, shooting, weightlifting, and swimming, in the 33rd Summer Olympic Games in Paris 2024.

The list of participants includes: Mutaz Essa Barshim, Abderrahman Samba, Abubaker Haydar, Bassem Hemeida, Ismail Dawood, Ammar Ismail, Saif Mohammed,
and Shahad Mohammed in athletics; Saeed Abu Sharab and Rashid Saleh Al-Athba in shooting; Fares Ibrahim in weightlifting; Sherif Younis and Ahmed Tijan in beach volleyball; in addition to Abdulaziz Al-Obaidly in swimming.

Source: Qatar News Agency

Al Ittihad Sign Algerian Player Houssem Aouar from AS Roma


Riyadh: Saudi football club Al Ittihad announced Wednesday the signing of Algerian player Houssem Aouar from AS Roma for a four-year contract.

The signing ceremony took place at the team’s training camp in Alicante, Spain, with the club’s CEO Domingos De Oliveira and the player, in the presence of the sports director Ramon Planes.

Oliveira welcomed the new player, expressing his hope that Aouar, along with his teammates, will help achieve the performance and results that Al Ittihad’s fans are looking for, aiming for a better league standing next season after a disappointing previous season where the team finished fifth, 42 points behind champions Al Hilal.

Last Saturday, Al Ittihad appointed Frenchman Laurent Blanc as the new head coach, following the termination of the contract with former coach Marcelo Gallardo at the beginning of July, after a disappointing season across various competitions.

Source: Qatar News Agency

Paris 2024/ Director of QOSM to QNA: Qatar to Display Valuable Collectibles in Qatar Exhibition


Doha: The 3-2-1 Qatar Olympic and Sports Museum (QOSM) will participate in the Olympic Games Paris 2024 by organizing an exhibition on Qatar, which will display many valuable collectibles, from 30 July – 25 August, continuing even after the Olympic Games wrap up, only to end shortly before the Paralympic Games commence on August 28.

Regarding Qatar’s participation as part of the Olympic Museums Network (OMN), an International Olympic Committee affiliate, Director of QOSM Abdulla Al Mulla told Qatar News Agency (QNA) that all preparations are set for holding the exhibition on the margin of the Olympic Games, indicating that the Museum possesses over 19,000 artifacts, with some rare and valuable pieces reflecting past Olympic achievements, to be showcased in the exhibition, including Qatar’s first-ever participation in the Olympics in Los Angeles in 1984, in addition to displaying 3,000 items borrowed from international Olympic museums, to highlight QOSM’s debut at the Olympics.

Al Mulla also revealed that th
e exhibition will feature the launch of a book written by the founder of the Olympic Movement Baron Pierre de Coubertin, translated from French and English into Arabic, to be presented in collaboration with the Qatar Olympic Committee and the Qatar Olympic Academy. He added that the launch of this book constitutes a significant addition to the International Olympic Committee’s library, as well as Arab and global libraries, given its comprehensive coverage of Olympic history and legacy.

The book will be launched in a Qatar Olympic Committee-organized reception to take place on August 1st, attended by elite officials from the International Olympic Committee and HE President of the Qatar Olympic Committee, head of the State of Qatar’s delegation participating in the Olympics, Sheikh Joaan bin Hamad Al-Thani.

Moreover, Al Mulla noted the comprehensive nature of the team responsible for organizing the exhibition in a manner befitting the significance of the event, along with a team of guides tasked with explaini
ng the Museum’s exhibits to visitors. The Director of QOSM added that among the notable exhibits are Muhammad Ali’s first championship gloves from the 1960 Rome Olympics, along with the gold medal won by Qatari champion Mutaz Barshim in the high jump at the Tokyo 2020 Olympics, Qatar’s first gold medal in athletics.

Al Mulla said that the point of the exhibition will be to leave visitors impressed by their experience of QOSM, adding that Qatar enjoys a rich record of participation in international sporting events, is committed to developing robust infrastructure, stadiums, and facilities, and has a prestigious record of hosting various global sporting events, most notably the FIFA World Cup Qatar 2022, which earned it the trust of FIFA and the global sports community.

Al Mulla said that Qatar’s partaking in this exhibition is an embodiment of the slogan that says that the Olympics are a mere dream, highlighting Qatar’s rich record and contributions to the Olympic movement.

Concluding his remarks, the Direc
tor of QOSM hoped that the exhibition would have a large turnout for more people to experience Qatar’s cultural heritage, in keeping with the directives of HE Chairperson of Qatar Museums Sheikha Al Mayassa bint Hamad Al-Thani regarding promoting learning and museum culture to visitors, in keeping with the Qatar National Vision 2030, which sets human capital as the most valuable asset, thus, Qatar prioritizes relying on national cadres, for which it provides them with training and sends them to participate in international exhibitions and events.

Source: Qatar News Agency

Paris 2024 Summer Olympics: Qatar Set to Participate in Managing Football Matches


Doha: The Qatari international referee Khamis Mohammed Al Marri (video Referee) will embark on managing the football matches due to kick off on Jul.24 within Paris 2024 Summer Olympics, hosted by Paris until Aug.11. His participation comes as part of the unwavering services provided by football referees in Qatar, in terms of the superb performance that has been provided by Qatari referees at all contests abroad in the recent years, including various continental and international championships.

Source: Qatar News Agency

Asil Arabian horse club celebrates its 50th anniversary in Germany

BERLIN: The Asil Club on Tuesday celebrated the 50th anniversary of its founding along with the Emirates Arabian Horse Society (EAHS) in Germany.

The event was held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of Directors of the EAHS, and the follow-up of Sheikh Zayed bin Hamad Al Nahyan, Vice Chairman of the Board of Directors of EAHS.

Dubbed “His Highness Sheikh Mansour bin Zayed Al Nahyan – 50th Anniversary of the Asil Club”, the celebration honoured Sheikh Mansour’s contributions to promoting Arabian horses globally.

Mohamed Al Harbi, Director-General of the EAHS, and Dr. George Olms, President of the Asil Club, attended the event.

The EAHS marked the occasion with a rider in traditional Emirati dress, symbolising the strong bond with Arabian horses and EAHS’s prominent role in equestrian events.

The celebration featured performances by purebred Arabians, showcasing their el
egance, fitness, and skill. The event also included endurance rides and horse-riding sports infused with authentic Arab culture.

Al Harbi and Olms then exchanged commemorative shields, highlighting the significance of the occasion.

For 50 years, the Asil Club has been deeply interested in and involved in Arabian horses. It is headed by Dr. George Olms, who owns the publishing house that bears his name. He is also a prominent breeder of Arabian horses in Germany and owns a well-known breeding stud.

Source: Emirates News Agency

Qatar Rail Chess Open Tournament Starts Thursday with Participation of 80 Players


Doha: The Qatar Chess Association (QCA) announced Wednesday the details of the 2024 Qatar Rail Chess Open Tournament, organized in cooperation with Qatar Railways Company (Qatar Rail), in the marking of International Chess Day which falls on 20 July.

The preliminary round competitions will begin on Thursday at the QCA training center with the participation of 80 players. The competitions will be held in a blitz chess method of 9 rounds to determine the players who qualify for the final stage.

Next Saturday, the final rounds of the tournament will kick off at Al Bidda station on the Doha Metro with the participation of 20 players who will play according to the Swiss system of 9 rounds.

President of QCA Mohammed Al Madhahka said that the cooperation between the Association and Qatar Rail aims to spread the culture of chess in society.

He expressed his aspiration for further cooperation that contributes to QCA achieving its vision, developing chess, and building a large base for it.

Al Madhahka added in a s
pecial statement to Qatar News Agency (QNA) that the conclusion of the tournament will be held inside Al Bidaa station on the Doha Metro to help introduce and spread the game by showcasing it to the public.

The President of QCA explained that these tournaments are organized in line with the Association’s strategy to build a generation that will support the national teams and bring the game to foreign spaces.

It will also help in attracting talent and is a valuable opportunity to discover more promising and smart players that would best represent Qatar internationally, he said.

Communication and Public Relations Director at Qatar Rail Abdulla Ali Al Mawlawi expressed his happiness in partnering with the QCA and collaborating in organizing the second Qatar Rail Chess Open Tournament, especially after the great success of the first edition last year.

The tournament comes within Qatar Rail’s commitment to promoting community and sporting activities in Qatar, in addition to spreading the culture of chess and e
ncouraging more people to participate in this mind sport, he added.

Al Mawlawi explained that choosing Al Bidda station in Doha Metro to hold the tournament finals is part of Qatar Rail’s strategy to enhance the use of the Doha Metro and Lusail Tram stations network and make them ideal places for hosting different community events throughout the year.

He emphasized the importance of continuing cooperation with the QCA to organize similar events that would contribute to efforts made to increase the interest of the public in participating in the sport.

Source: Qatar News Agency

Brazil celebrates 30 years of winning its fourth FIFA World Cup

ABU DHABI: Brazil won its fourth FIFA World Cup in the United States after defeating Italy on penalties on 17th July, 1994. Romário, the best player of the 1994 World Cup, scored, alongside Branco and Dunga, while the Italians wasted three shots.

According to the New York Times, the match played at the Rose Bowl in Pasadena, California, attracted around 94,000 attendees and two billion television viewers worldwide. Both teams were competing to win the fourth World Cup title. The Brazilian Football Confederation highlights that, until then, Brazil had won the World Cup in 1958, 1962 and 1970. Italy had been the champion in 1934, 1938 and 1982.

In an interview with SBT, one of WAM’s partners in Brazil, Romário spoke about the difficulties in the World Cup and the details of the journey to victory against Italy under the guidance of coach Carlos Alberto Parreira and his technical coordinator, Zagallo, who announced Romário as part of the team at the last minute.

The former player recalled that the most challe
nging moment of the World Cup was when Brazil faced the United States on 4th July. ‘It was a historic day for them, Independence Day’, said Romário. According to the U.S. Soccer, the governing body of soccer in all its forms in the United States, approximately 11 million Americans were tuned into the USA vs. Brazil round of 16 matches, the first time the U.S. team had advanced to this phase since 1930, which ended with the Brazilian squad winning by 1×0.

Romário, 58, also reminded that the first game, against Russia, came with great expectations and anxiety, calling it ‘very important’ for the team.

When asked when he felt Brazil would be the champion, the former player declared that he had thought of that when the squad travelled to the U.S. for the event. ‘There were some players who were fully aware that it might be their last chance to become world champions. Some of them were holdovers from the previous World Cup and already knew that everything had to go wrong, we made mistakes in 1990, so we couldn’t
bring those mistakes to 1994.’, he added.

‘In particular, I was in great shape. I wanted to play football and play in the World Cup. I was happy’, the soccer legend further added.

Romário, currently one of the Senators representing the state of Rio de Janeiro and the president of the soccer team América-RJ, also discussed the final. The former player said he did not even fear losing the title during the match. ‘Italy had two great moments to score, first with Massaro and then with Donadoni or Baggio, and they missed because Taffarel [Brazil’s goalkeeper] was there holding them back. We had much more volume than Italy, and we were prepared to win in normal time, but the team practised penalties,’ declared Romário claiming he did not.

“I never trained penalties, but at that moment, I had taken two penalties in my life. When it was time for the penalty, Parreira was writing the list of five, and I raised my finger and said: ‘Coach, I’m going to do it’. He asked: ‘Are you going to?’ I replied: ‘I’m going to! T
he great guy must appear. I had to be part of that moment of the World Cup, which was the final on penalties.”

Romário scored his penalty, helping Brazil win the World Cup for the fourth time after Roberto Baggio missed his chance by kicking the ball over Taffarel’s crossbar. The victory on 17th July 1994 sent crowds to the streets of all over Brazil to celebrate a day that, according to the Brazilian Football Confederation, would go down in history as a landmark date for Brazilian and world football.

Source: Emirates News Agency