Business
VinFast Design, Sales Subsidiary Doubles Capital to $388M
VinFast Vietnam, the design and sales subsidiary of VinFast, has doubled its capital from VND5.18 trillion to VND10.18 trillion (US$388 million) by issuing 500 million preference shares. Foreign ownership has consequently decreased.
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- VinFast Vietnam Doubles Capital, Foreign Ownership Decreases
VinFast Vietnam has nearly doubled its charter capital to VND 10.183 trillion (approximately $400 million) through the issuance of 500 million preferred shares. This move has reduced foreign ownership from 10.4% to 5.3%, increasing the stake held by domestic private shareholders.