VinFast founder has no plans to inject more money into EV maker

VinFast founded Pham Nhat Vuon — VinFast was founded in 2017 by billionaire Pham Nhat Vuon (shown). As of September, the EV maker's owners and lenders had invested about $7.5 billion to fund operating expenses and capital expenditures. (Bloomberg)

By:

Bloomberg

February 14, 2023 09:30 AM

Billionaire Pham Nhat Vuong has no plans to personally invest any more money in VinFast, the company's CEO said, even as the Vietnamese electric vehicle maker falls behind on factory construction plans in the U.S. and cuts staff.

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