VinFast hikes charter capital by 37 pct
By Dat Nguyen April 17, 2021 | 11:48 am GMT+7
An artist s impression of an electric car manufactured by VinFast. Photo courtesy of VinFast.
Automaker VinFast has increased its charter capital by nearly 37 percent this year to VND42.5 trillion ($1.84 billion) amid plans to launch electric vehicles.
Vietnam’s first fully-fledged carmaker hiked its capital by a total of VND11.38 trillion on three occasions in the first three months, according to the National Business Registration Portal.
This makes VinFast the largest subsidiary of conglomerate Vingroup in terms of charter capital, followed by Vinhomes and Vincom Retail.
Vingroup, the country’s biggest private company, owns a 51.52 percent stake in VinFast, while the Vietnam Investment Company, owned by Vingroup chairman Pham Nhat Vuong, owns 40.98.