VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023.said on Wednesday it will get a fresh round of funding worth $3.35 billion from its founder and its parent firm,VinFast began operations in 2019 and has been expanding aggressively into global markets, but the firm continues to report increasing losses as it grapples with softer demand and challenges in the sector.
Vingroup, one of Vietnam's largest conglomerates, intends to lend up to $1.38 billion to VinFast by the end of 2026 through its activities, dividends, and possible divestment, which it said may be conducted at an acceptable price if necessary. Vuong, who owns 97.9% of VinFast shares both directly and indirectly, gave assurances of his commitment to increase investment in the automotive unit during a