---
title: "Vietnam EV maker VinFast to undergo corporate restructuring"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286360190.md"
description: "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."
datetime: "2026-05-14T05:07:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286360190.md)
  - [en](https://longbridge.com/en/news/286360190.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286360190.md)
---

# Vietnam EV maker VinFast to undergo corporate restructuring

VinFast said it will separate manufacturing assets held by subsidiary VinFast Trading and Production JSC (VFTP) and transfer the unit ⁠to a purchaser group led by Future Investment Research and Development JSC, in a deal valued at about 13.3 trillion dong ($530 million), according to the filing dated May 12.

Following the restructuring, VinFast will retain its R&D, intellectual property, sales and after-sales operations, while the divested entity will continue producing VinFast-branded vehicles under a manufacturing agreement.

VinFast cars seen at an event. Photo by Tuan Vu

The company said the transaction would reduce future ‌capital ⁠expenditure requirements and allow it to focus more on international expansion.

The deal is expected to close in the third quarter of 2026, subject to shareholder and creditor approvals.

The automaker posted a fourth-quarter ⁠net loss of $1.34 billion, up 15% from a year earlier, and has said it expects to reach EBITDA breakeven in 2027.

In August last ⁠year, VinFast also announced the spin-off of its research and development unit, Novatech, to Vuong for about VND39.8 trillion dong ($1.6 ⁠billion).

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