VinFast Secures $3.4 Billion in New Funding Amid Ongoing Losses

Vietnam's VinFast receives major financial backing from Vingroup and its chairman to support expansion and reach financial stability by 2026.

VinFast has obtained a $1.4 billion loan from its parent company, Vingroup, and an additional $2.1 billion sponsorship from chairman Pham Nhat Vuong.
The funding aims to help VinFast achieve a break-even point and cash flow balance by the end of 2026.
Vingroup will convert existing loans into preferred shares to reduce financial pressure on VinFast.
Despite substantial losses, VinFast continues to expand in North America, Europe, and new markets like the Middle East and India.
VinFast's total funding, including the latest commitments, will reach nearly $17 billion since its inception in 2017.