Vietnam’s Richest Person Bets Over $10 Billion To Break Into The Global EV Market

VinFast faces major challenges as it enters the U.S. market.


Vietnam’s richest person, billionaire Pham Nhat Vuong, didn’t become worth over $4 billion without taking some risks. His current venture is to create Vietnam’s first global automaker, VinFast Auto, and he’s betting over $10 billion to make the company into a viable brand in the global electric vehicle market. But its journey so far has been bumpy, and there’s skepticism about whether it can compete outside…

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