VinFast to spin off R&D assets, sell shares to founder for $1.5 billion
ReutersAug 14, 2025 10:20 AM
Aug 14 (Reuters) - VinFast VFS.O will spin off certain research and development assets into a new entity, Novatech, and sell all its shares to founder Pham Nhat Vuong for about 39.8 trillion Vietnamese Dong ($1.52 billion), the EV maker said on Thursday.
($1 = 26,230.0000 dong)
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