Vietnam EV maker VinFast to shift HQ to Singapore ahead of first exports


A VinFast sales location is pictured at a shopping mall in Santa Monica, California, United States, May 23, 2022. - Reuters

HANOI, May 28 (Reuters): Vietnam's VinFast is shifting its headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a potential public listing and the first production run of cars for US and European markets, its chief executive told Reuters.

The three-year-old unit of conglomerate Vingroup JSC will start building its VF8 sport utility vehicle (SUV) next week, its own EV batteries in August, and a US$4 billion US factory by summer-end, Le Thi Thu Thuy said in an interview.

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