VinFast secures a $1.4 billion loan from parent Vingroup, plus another $2.1B from its chairman

Electrek
By Scooter DollNov 12, 2024, 10:04 am75 pts
Vietnamese EV automaker VinFast has just secured more funding to continue its operations. VinFast has been offered a loan for billions more from its parent company, Vingroup, including a $2.1 billion “sponsorship” from the Group’s chairman, Pham Nhat Vuong. All this is to achieve a break-even point and…

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