HANOI, April 25 (Reuters) - Vietnamese billionaire Pham
Nhat Vuong said on Thursday he had plans to support
Nasdaq-listed electric vehicle maker VinFast with an
additional $1 billion from his own fortune, and was also
considering listings for other companies he owns.
Speaking at a shareholder meeting of Vingroup, the
conglomerate he chairs, Vuong said he could further expand
investments in loss-making VinFast after he and Vingroup had
poured into the company $11.4 billion as of the end of last
year.
"I plan to give VinFast $1 billion from my own pocket," he
said without specifying a time frame. Vuong is also the chief
executive officer of VinFast.
He also said Vingroup was considering listing its
hospitality unit Vinpearl this year.
He added he was also planning to list the taxi unit he owns,
GSM, on the international market if conditions allow. GSM was
last year VinFast's top client.