Vietnamese electric vehicle manufacturer VinFast is restructuring by separating its production operations in Vietnam, transferring them to a new group of investors in a deal valued at approximately $530 million, while its billionaire founder, Phạm Nhật Vượng, will remain involved but reduce his ownership stake, aiming to alleviate capital-intensive manufacturing pressures and focus on brand development and technology innovation, despite facing substantial financial losses and ongoing operational challenges. #VinFast #ElectricVehicles #Investment #VN #IN #ID #US #PH

