HANOI, May 13 : VinFast is planning to promote its Vietnam manufacturing services to a purchaser group that features its founder and chief government Pham Nhat Vuong, with the loss-making electrical automobile maker aiming to restructure its native operations right into a extra “asset-light” mannequin, an organization submitting confirmed.
VinFast stated it should separate manufacturing belongings held by subsidiary VinFast Trading and Production JSC (VFTP) and switch the unit to a purchaser group led by Future Investment Research and Development JSC, in a deal valued at about 13.3 trillion dong ($530 million), in accordance with the submitting dated May 12.
• Following the restructuring, VinFast will retain its R&D, mental property, gross sales and after-sales operations, whereas the divested entity will proceed producing VinFast-branded automobiles below a producing settlement.
• The firm stated the transaction would cut back future capital expenditure necessities and permit it to focus extra on worldwide enlargement.
• The deal is anticipated to shut within the third quarter of 2026, topic to shareholder and creditor approvals.
• The automaker posted a fourth-quarter web lack of $1.34 billion, up 15 per cent from a 12 months earlier, and has stated it expects to succeed in EBITDA breakeven in 2027.
• In August final 12 months, VinFast additionally introduced the spin-off of its analysis and growth unit, Novatech, to Vuong for about 39.8 trillion dong ($1.6 billion), in a transfer that successfully acted as a capital injection from the founder to assist the corporate’s operations and break-even targets.