VinFast is the automaking subsidiary of billion-dollar Vietnamese conglomerate Vingroup, a huge corporate entity in Vietnam. The company is run by Pham Nhat Vuong, who initially made his fortune ...

VinFast's massive financial losses are starting to impact other sectors of Vingroup's business. STORY HIGHLIGHTS VinFast causing financial pressure on parent company Vingroup. VinFast has delayed ...

Even with this decline, VinFast's market cap still hovers around $40 billion. This positions the firm above seasoned EV players like Nio Inc. (NIO) and nearly on par with General Motors Co. (GM).