VinFast parent company, JTA Investment Qatar announces strategic partnership

MANILA: Vingroup, the parent company of electric vehicle (EV) brand VinFast, has signed a memorandum of understanding with JTA Investment Qatar.

Per the Vietnamese carmaker, JTA Investment Qatar is exploring a potential equity investment of at least USD $1 billion in VinFast.

In addition, the Doha-headquartered firm is looking at a strategic partnership aimed at supporting the EV-focused marque’s technological development and global expansion.

“We are honored to partner with JTA Investment Qatar, and confident that this collaboration will unlock significant opportunities for Vingroup and its subsidiaries to drive technological, infrastructural, and sustainable economic advancement in Vietnam, while establishing a foundation for international expansion. Leveraging the combined strengths of Vingroup’s ecosystem and local expertise with JTA Investment Qatar’s experience and resources, we anticipate successful projects that foster sustainable progress, technological innovation in key sectors like electric vehicles and tourism, contributing to the greater good,” Vingroup Vice Chairwoman Le Thi Thu Thuy said.

At the time of publishing, VinFast’s offerings in the Philippines consist of the following:

• VinFast VF 5
• VinFast VF 7
• VinFast VF 9
• VinFast VF 3

Below are their respective electric powertrain specs:

	VF 5	VF 7	VF 9	VF 3
Electric motor	Single electric motor	Single, dual electric motors	Dual electric motors	Single electric motor
Maximum power (in hp)	134	201-348	402	40
Range (in km)	326	201-348	402	21

 

Respective roles

Under the memorandum, the companies will engage in discussions to define their future collaboration in pursuing mutually beneficial objectives.

For JTA Investment Qatar’s part, it will leverage its investment expertise, financial resources, and extensive partner network to facilitate capital deployment for Vingroup's strategic business segments, such as VinFast.

On the other hand, Vingroup will contribute its operational expertise, execution capabilities, domestic market leadership, and global market potential to optimize shared value and achieve the strategic opportunities and missions of both companies in relevant sectors.

“By leveraging our expertise and resources within the energy, technology, infrastructure, and tourism sectors, we are thrilled to contribute to the advancement of Vingroup's strategic objectives and promising business areas, with a particular emphasis on VinFast and Vinpearl. This collaboration will generate mutually beneficial business opportunities and facilitate Vingroup's strategic expansion into international markets,” JTA Investment Qatar Founder and Chief Executive Officer Amir Ali Salemi stated.

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