VinFast Auto Ltd. announced the acquisition of Ngoc Hoi Real Estate Investment Joint Stock Company for VND30,857 billion (approximately US$1.2 billion) to strengthen its financial position through real estate earnings. The transaction involves purchasing 100% equity from founder Mr. Pham Nhat Vuong and minority shareholders, with half the consideration payable at closing and the remainder within 120 days. Closing is expected in Q3 2026. Additionally, VinFast approved a capital contribution of up to VND10,000 billion (approximately US$396.7 million) by Mr. Pham via dividend preference shares to support strategic growth, with completion expected by the end of 2026. These moves aim to improve capital efficiency and integrate electric vehicle ecosystems into smart city developments. VinFast Auto Ltd. is a Vietnamese automotive manufacturer specializing in electric vehicles and smart mobility solutions.
