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Automakers

Richest man in Vietnam reinforces risky $8.2B wager on VinFast

vingroupceo.jpg
Vingroup Chairman Pham Nhat Vuong attends the loading ceremony of VinFast's VF8 electric vehicles at a port in Haiphong, Vietnam, on Nov. 25, 2022. (Bloomberg)
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By:
Bloomberg
May 08, 2023 04:06 PM

It’s a familiar story: A business mogul parlaying much of his fortune into a massive bet on electric vehicles, only to fall on hard times.

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