Vietnam’s electric vehicle maker, VinFast, has just struck a headline-grabbing deal: the company will sell its research and development assets to its billionaire founder, Pham Nhat Vuong, for a whopping $1.5 billion. The move injects a crucial boost of cash straight into the company’s innovation engine and could be the game-changer VinFast needs to compete internationally.
This deal comes at a time when global automakers are racing toward electric dominance. By restructuring its core assets, VinFast positions itself to focus sharply on what matters most—bringing cutting-edge, affordable EVs to market more quickly and efficiently.
Pham Nhat Vuong, Vietnam’s richest man, is making a clear statement. His willingness to personally fund R&D shows he’s betting on Vietnam’s EV ambitions—and on VinFast’s ability to go global.
Industry watchers are calling it a bold and strategic move. It avoids the dilution that comes from outside investors and keeps control well within the company’s inner circle. That tight alignment between leadership and innovation may just give VinFast the edge it needs in a crowded global market.
Watch this space. With fresh funding aimed directly at tech and design, VinFast’s next steps could redefine Vietnam’s role in the global EV wave.
