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HANOI -- Vietnamese conglomerate Vingroup is selling off main businesses and planning stock market listings in a scramble to raise funds for its loss-

"I plan to give VinFast USD 1 billion from my own pocket," he said without specifying a time frame. Vuong is the chief executive of VinFast, in which he has a 97% stake in direct ownership and through companies he controls.

HANOI (Reuters) -Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker VinFast, and was considering listings for other companies he controls. Speaking at a shareholders meeting of Vingroup, the conglomerate he chairs and of which he directly owns 18% of its shares, Vuong said he could further expand investments in loss-making VinFast after he and Vingroup had poured $11.4 billion into the company as of the end of last year. Over 70% of the 35,000 cars VinFast sold last year went to an e...

Vincom Retail recorded its highest ever revenue in 2023, and signed a pivotal M&A deal in March 2024 that reshaped its ownership structure.

‘Vincom Retail has no intention of altering its name’