VinFast, backed by Vingroup, is set to secure an additional 85 trillion dong funding by 2026, aiming for EV profitability amid international market challenges.
The company confirmed that it has faced challenges in selling its vehicles internationally, particularly in North America, leading to a pause in its $2 billion project.
VinFast highlighted that about 50 trillion dong will come directly from founder Pham Nhat Vuong, showcasing a commitment to independent capital solicitation.
With a total investment projection of around $17 billion, VinFast aims for profitability by 2026, despite current challenges in the international EV market.
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