VinFast Founder’s New EV Entity May Boost Slow Auto Sales

Vietnam’s VinFast Auto Ltd. founder Pham Nhat Vuong started a new company to rev up domestic sales of the EV maker’s vehicles, which have been slow to gain traction.

Vuong, who is also founder of parent real estate conglomerate Vingroup, set up FGF Trading and Services JSC, which will allow the company to sell used and new VinFast EVs to domestic consumers, according to a Vingroup emailed statement.