VinFast founder to inject another $1.5B in exchange for R&D...

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2025-08-17 00:28:24 -

VinFast founder to inject another $1.5B in exchange for R&D assets – report

VinFast founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company, Reuters reported on Thursday. The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast Trading and Production JSC (VFTP), its domestic...

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