VinFast to spin off R&D assets, sell shares to founder for $1.5 billion-March 2024-www.financetom.com

VinFast to spin off R&D assets, sell shares to founder for $1.5 billion

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VinFast to spin off R&D assets, sell shares to founder for $1.5 billion

Aug 14, 2025 3:55 AM

Aug 14 (Reuters) - VinFast 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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