VinFast’s main Vietnamese manufacturing company, VinFast Trading and Production JSC (VFTP), has become 100 percent domestically owned after its Nasdaq-listed, Singapore-based parent VinFast Auto Ltd divested its stake.

According to VFTP’s filing in August with the National Business Registration Portal of Vietnam, a 10.369 percent holding by VinFast Auto Ltd fallen to zero. As a result, VinFast Trading and Production JSC, the manufacturer of VinFast electric vehicles (EV) in Vietnam, is now wholly owned by domestic private capital.

VinFast Trading and Production JSC’s charter capital is unchanged at VND85.6 trillion ($3.25 billion).

VinFast Auto Ltd is the Singapore-based, Nasdaq-listed company that designs and sells VinFast cars, while VFTP is the Vietnamese factory company that builds them.

The change reflects a restructuring that VinFast Auto announced in May and completed on June 30. Accordingly, it transferred its entire equity interest in VFTP to a group of buyers in Vietnam in a $530 million deal. VinFast said the move was part of a shift to an “asset-light” model, splitting research, branding and sales into a separate entity, VinFast Vietnam JSC, while selling the factory business.

VinFast, under Vietnamese conglomerate Vingroup, is now the best-selling vehicle brand in Vietnam, with a total sales of 137,697 units in the first seven months of 2026. Data showed that other top brands in the period were Toyota with 43,753; Hyundai with 28,612; Mitsubishi with 24,833; and Ford with 24,361.

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