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

Vingroup Vinfast auto

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 U.S. and European markets, its chief executive told Reuters.

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

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