VinFast gets $2.5 billion in funding, $1B from VinGroup’s chair
Vietnamese EV automaker VinFast can continue its development and steadfast global expansion, thanks to a fresh round of funding from parent company VinGroup and its chair, Mr. Pham Nhat Vuong. The chair has offered up $1 billion of his own assets to the automotive branch just months after telling the public that the well had run dry.
VinFast is a young EV automaker that came out absolutely sprinting off the starting line with immediate plans for simultaneous market entry into the US and…