Following the spin-off, VinFast plans to transfer all of its shares in the new entity to the CEO at around $1.6bn.

The deal would facilitate the latest cash injection by billionaire Pham Nhat Vuong, Vietnam's richest person, to make VinFast ...

Vietnam's VinFast has begun production at a $500 million electric vehicle plant in India’s Tamil Nadu, part of a larger $2 ...

VinFast's founder Pham Nhat Vuong has agreed to buy the EV maker's research and development arm for $1.52 billion, his latest ...

Good morning! It's Tuesday, August 12, 2025, and this is The Morning Shift, your daily roundup of the top automotive ...

VinFast (NASDAQ:VFS) locked up funding for the next 12 to 18 months with the sale of R&D assets to its founder. The ...

"We also have an inquiry from (a manufacturer in) Vietnam who would love to shift their plastic production to support our car," he added, though he did not provide names of companies considering the ...

Vietnam's EV champion VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85 billion, almost twice as much as Ford or General Motors .

Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.

VinFast aims to sell 20,000 of these cars in Vietnam this year and deliveries will begin in August. It’s being sold on the Southeast Asian e-commerce website Shopee, with an initial deposit of ...

Business Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes This photo released by Vinfast shows Vinfast electric car VF3 at an event in Las Vegas on Jan. 9, 2024.