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The Latest Breaking News from Pham Nhat Vuong

In Vietnam, VinFast's Critics Face The Police

At least two different critics have been questioned by Vietnamese authorities for criticizing VinFast. What does this mean for the brand's U.S. aspirations?

InsideEVs

Vinfast Plans First EV Factory In India

Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market.

International Business Times

VinFast To Build India EV Plant, Invest $2 Billion; Founder Returns As CEO

Vietnam's VinFast Auto has signed a deal in India to set up an EV plant. Meanwhile, founder Pham Nhat Vuong will step in as CEO.

Investors Business Daily

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BYD's Next Stop: World Domination

The automaker that just dethroned Tesla in the EV sales race has bigger plans than you may realize.

InsideEVs

Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competition

Vietnamese automaker Vinfast has plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere

The Independent UK

VinFast, Vietnam's answer to Tesla, unveils a $623M quarterly loss almost 2 months after its wild Nasdaq debut

Over half of VinFast's sales last quarter were to a taxi company owned by the EV maker's founder, Pham Nhat Vuong.

Fortune

Watch out, Elon—Vietnam’s new carmaker nips at Tesla’s heels

Some experts doubt VinFast's near $100 billion market cap is really reflective of the company's underlying value.

Fortune

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EV startup from Vietnam with barely any sales and horror reviews is now worth more than Ford and GM

VinFast’s Nasdaq trading debut on Tuesday made Vingroup founder Pham Nhat Vuong a very wealthy man.

Fortune

Loss-making carmaker VinFast valued at more than Ford and BMW

Company founded by Vietnam’s richest man achieved $85bn valuation despite scathing early reviews of its electric vehicles

The Guardian - UK

The little-known Vietnamese electric vehicle maker that’s now valued at more than Ford or GM

EV maker, which has been in losses, opened at $22 but closed above $37 each in first day of trading

The Independent UK

Why is VinFast going public via a SPAC instead of a traditional public offering?

VinFast, the high-spending Vietnamese automaker with bold plans in North Carolina, has for months sought a path to the stock market. It’s now poised to take an alternative route to get there.

Tribune News Service

VinFast Founder Stops Putting His Own Money Into The EV Maker

Billionaire Pham Nhat Vuong has no plans as yet to invest more into VinFast even though the firm falls behind on US factory construction plans and cuts staff.

InsideEVs

Vietnam's VinFast files for US IPO as it targets global market

Hanoi (AFP) - Vietnam's homegrown carmaker VinFast, which plans to sell the first ever Vietnamese car in the United States, said Wednesday it has filed for an initial public offering (IPO) in the country.

AFP

Vietnam's VinFast targets US market in 'preposterously hard' gamble

HAI PHONG (Vietnam) (AFP) - Having conquered most industries at home, optimistic chiefs at conglomerate Vingroup are setting their sights much higher as they ramp up plans to sell the first ever Vietnamese car in the mighty US market.

AFP

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Bangkok Post

EV Startup VinFast Hits U.S. With Novel Pricing Strategy

Vietnam's Vingroup JSC became a corporate juggernaut in its home country, operating everything from luxury resorts to hospitals, shopping malls and supermarkets.

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