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VinFast officially filed for an initial public offering in New York in a move that, if successful, would make it the only Vietnamese company listed in the U.S.
VinFast is run by Vietnam’s richest man Pham Nhat Vuong. Its EV sells for $30,000 in Vietnam and $42,000 in the USA.
VinFast plans to build a factory in North Carolina and take advantage of US government subsidies on EV car sales.