Transportation

VinFast $505 Million Asset Spinoff Deal to Help Finances

Electric scooters on the assembly line at VinFast Auto Ltd.'s manufacturing plant in Hai Phong, Vietnam.Photographer: Linh Pham/Bloomberg

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By Nguyen Kieu Giang

May 13, 2026 at 5:29 AM UTC

Updated on

May 13, 2026 at 8:03 AM UTC

VinFast Auto Ltd., in a move that could fundamentally alter the company’s structure, plans to sell some manufacturing assets to raise about 13.3 trillion dong ($505 million) as it seeks to improve its finances amid ambitious expansion plans.

The Vietnamese electric vehicle maker announced a plan to spin off part of its manufacturing unit — VinFast Trading and Production JSC, or VFTP — into a newly formed company, known as VinFast Vietnam JSC, or VFVN, according to a filing.