Vingroup signs deal for potential Qatar fund investment of $1 billion in VinFast

Business

HANOI :Vietnamese conglomerate Vingroup said on Tuesday it had signed a memorandum of understanding with private equity fund JTA Investment Qatar to explore a potential investment of at least $1 billion in electric vehicle maker VinFast. Nasdaq-listed VinFast is pursuing an aggressive but costly expansion strategy in Vietnam, where it can rely on a growing market of nearly 100 million people. The automaker also wants to expand abroad but has so far struggled to attract foreign buyers. Its

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