Vietnam’s EV maker VinFast secures $3.5B funding from...

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2024-11-12 12:57:12 - Translate

Vietnam’s EV maker VinFast secures $3.5B funding from Vingroup & founder Pham Nhat Vuong

Vingroup, Vietnam’s largest private conglomerate, and its Chairman, Pham Nhat Vuong, announced a significant financial commitment to VinFast, the Vietnamese Nasdaq-listed electric vehicle maker. Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026, the company said in a statement on Tuesday. Additionally, Vuong has personally pledged 50...

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