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VinFast to sell R&D unit to founder in $1.5 billion deal

Published 14/08/2025, 12:16
VinFast to sell R&D unit to founder in $1.5 billion deal
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Investing.com -- Vietnamese electric vehicle maker VinFast Auto Ltd. plans to spin off part of its research and development unit into a new company and sell it to its founder in a deal valued at approximately $1.5 billion.

According to a company filing, the newly formed entity, Novatech Research and Development SJC, will be carved out from VinFast Trading and Production JSC (VFTP).

Initially, Novatech will remain a direct subsidiary of VinFast, with the automaker retaining about a 38% stake.

Novatech will hold assets related to costs of completed research and development projects.

Following the creation of this new entity, VinFast intends to sell all of its shares in Novatech to founder and Chief Executive Officer Pham Nhat Vuong for approximately 39.8 trillion Vietnamese dong ($1.5 billion).

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