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VinFast Secures $1 Billion Investment from Emirati Investors

  • Writer: Wong Robert
    Wong Robert
  • Oct 30, 2024
  • 1 min read

Date: October 30, 2024


Vietnamese electric vehicle manufacturer VinFast entered a non-binding agreement with a group of Emirati investors, led by the Emirates Driving Company (EDC), for at least $1 billion in funding. This investment is expected to bolster VinFast’s expansion plans and underscores the growing economic ties between Vietnam and the UAE.



Le Thi Thu Thuy, vice chairwoman of Vingroup, and a representative of Emirates Driving Company, sign an MOU in the UAE. Photo: VinFast
Le Thi Thu Thuy, vice chairwoman of Vingroup, and a representative of Emirates Driving Company, sign an MOU in the UAE. Photo: VinFast

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