VinFast shares surge as the company anticipates sustained growth, nearing break-even point, and eyes expansion into the US electric vehicle market amidst fierce competition.
Vietnamese billionaire Pham Nhat Vuong has announced plans to inject an additional $1 billion from his personal wealth into the Nasdaq-listed electric vehicle manufacturer VinFast.
Vingroup, Vietnam's leading conglomerate, is grappling with increasing financial risks due to the difficulties faced by its electric vehicle subsidiary, VinFast Auto.
Vietnamese EV manufacturer VinFast has initiated a major overhaul of its executive leadership, placing its founder, Pham Nhat Vuong, at the helm as CEO.