Vietnamese enterprise group Vingroup said it plans to invest 28 million US dollars to set up a subsidiary in the Congo to develop real estate and electric vehicles. In October of this year, Vingroup signed a memorandum of understanding with the Congo to develop large-scale urban projects in the country and gradually replace more than 300,000 gasoline-powered vehicles with electric vehicles, as well as establish an electric bus network and charging infrastructure.

Vietnamese enterprise group Vingroup said it plans to invest 28 million US dollars to set up a subsidiary in the Congo to develop real estate and electric vehicles. In October of this year, Vingroup signed a memorandum of understanding with the Congo to develop large-scale urban projects in the country and gradually replace more than 300,000 gasoline-powered vehicles with electric vehicles, as well as establish an electric bus network and charging infrastructure.