Hyperdrive

Vietnam’s Richest Man Bets $2 Billion to Sell Cars to Americans

Startup VinFast plans U.S. electric-car sales in 2021
Founder Vuong to invest his own fortune to crack U.S. market

Test Driving a Made-in-Vietnam Car

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By Nguyen Kieu Giang and K Oanh Ha

December 9, 2019 at 9:00 PM UTC

Updated on

December 10, 2019 at 9:34 AM UTC

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The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.