Industry Vietnamese EV maker in talks over $1bn investment from Qatari fund By Reuters March 4, 2025, 9:30 AM VinFast/X VinFast has been listed on the Nasdaq since 2023 but has not since managed to find strategic investors The Vietnamese conglomerate Vingroup said on Tuesday it had signed a memorandum of understanding to explore a potential investment of at least $1 billion in its electric vehicle maker, VinFast, by the private equity fund JTA Investment Qatar. Vingroup said the possible partnership could also extend to Vingroup’s hospitality business, Vinpearl. “Under the MoU, the companies will engage in discussions to define their future collaboration in pursuing mutually beneficial objectives,” Vingroup said. Aramco considers investment in Vietnam’s oil industry UAE and Vietnam pact aims for $20bn in bilateral trade Gulf investors should hedge rising macro risks with Asian assets VinFast is pursuing an aggressive but costly expansion strategy in Vietnam, where it can rely on a growing market of nearly 100 million people. It also wants to expand abroad, but has so far struggled to attract foreign buyers. VinFast has been listed on Nasdaq since 2023 but has not since managed to find strategic investors. Amir Ali Salemi, founder and chief executive officer of JTA Investment Qatar, said: “This collaboration will generate mutually beneficial business opportunities,” according to a Vingroup statement.
