VinFast in non-binding $1 billion funding deal with UAE investors, source says

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HANOI :Vietnamese electric car maker VinFast has signed a non-binding deal with a consortium of Emirati investors to receive at least $1 billion in funding, a person with direct knowledge of the agreement said. The source told Reuters there was no clear timeframe for the possible disbursement from the group, led by Emirates Driving Company, a provider of driving education services in Abu Dhabi. Bloomberg News earlier on Wednesday reported VinFast was set to receive at the least $1 billion in

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