On August 11 (local time), Vietnamese conglomerate Vingroup revealed that its subsidiary, Vinspace, had entered into a satellite launch agreement with SpaceX. The launch of VinSpace's satellite is scheduled for the second quarter of the upcoming year, facilitated by SpaceX's Transporter Rideshare program. According to the announcement, this collaboration will enable VinSpace to evaluate its independently developed satellite modules and progressively bolster its proficiency in satellite system management, as well as in potential commercial applications down the line.