Vinfast is almost entirely controlled by Pham Nhat Vuong, Vietnam s richest man and founder of parent conglomerate Vingroup, with a stake of about 99.7%, according to a filing.
One of Vietnam’s biggest automakers has made a big splash on its entry to Wall Street, pushing its market capitalization above that of industry giants such as Volkswagen and Ford.
VinFast, the automaker arm of Vietnam’s largest private conglomerate Vingroup, delivered 3,042 electric vehicles to the market in July, the firm said Thursday.