VinFast refocuses on Vietnam, appoints Pham Nhat Quan Anh CEO
VinFast said 175,099 EVs in Vietnam (89% of sales) generated about 80.4T VND revenue, and it appointed Pham Nhat Quan Anh as CEO. The company also secured a $200M SACE credit line and pivoted India plans to two local EVs, while Tesla’s Vietnam entry pressured VFS shares.
VinFast Auto Ltd. 4T VND of revenue. The company also named 33-year-old Pham Nhat Quan Anh as CEO, secured a $200M SACE credit line and said it is shifting its India strategy to two local EVs. Tesla’s Vietnam entry is weighing on the stock.