Vietnam’s EV maker VinFast secures $3.5B funding from Vingroup & founder Pham Nhat Vuong

Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026, the company said in a statement on Tuesday. Additionally, Vuong has personally pledged 50 trillion dong ($2.1 billion) in sponsorship.