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Vietnam’s Richest Man Plans Electric Car Factory in the U.S.
Bloomberg 3/2/2021 Nguyen Kieu Giang
(Bloomberg) Vietnamese electric-vehicle startup VinFast plans to open a U.S. factory after setting up a 50-member San Francisco research office as it prepares for California automobile sales in 2022.
VinFast, founded by billionaire Pham Nhat Vuong, began delivering gasoline autos to Vietnamese consumers with BMW-licensed engines in 2019. Vuong, who is also chairman of parent company Vingroup JSC, said late that year he would back the company’s U.S. ambitions with $2 billion of his own fortune. © Bloomberg Vietnam s Richest Man Pham Nhat Vuong Bets $2 Billion to Sell Cars to Americans