Vietnam EV maker VinFast to undergo corporate restructuring
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VinFast is restructuring by selling its manufacturing facilities to a group led by its founder, Pham Nhat Vuong, aiming for an "asset-light" model. The deal, valued at approximately $530 million, will allow VinFast to focus on R&D and international expansion while the new entity continues producing VinFast vehicles. The transaction is expected to close in Q3 2026, pending approvals. VinFast reported a net loss of $1.34 billion in Q4, with plans to achieve EBITDA breakeven by 2027.
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