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

Pham Nhat Vuong 1.jpg — 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 -- as yet -- 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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