Vietnam’s VinFast raises charter capital to $3.4bn

The increase places the electric carmaker ahead of its parent company Vingroup, whose charter capital stands at VND77.334 trillion ($2.9 billion), as well as fellow ecosystem member VinEnergo Energy JSC with VND79.923 trillion ($3 billion).

The capital adjustment was registered in mid-April, according to Vietnam’s national business registration portal.

All new capital came from domestic investors.

VinFast Auto Ltd. (Singapore) maintained its investment value, but its ownership share fell from 11.65 percent to 10.36 percent due to the expanded charter capital.

The capital increase comes as the company undertakes a broader restructuring of its manufacturing and sales operations.

VinFast recently established a new legal entity called VinFast Vietnam JSC (VFVN), which will oversee sales operations and manage certain assets separated from VFTP.

According to disclosures submitted on Wednesday to the State Securities Commission of Vietnam and stock exchanges, Vingroup’s board officially approved the restructuring plan.

Under the proposal, Vingroup will spin off VFTP to create VFVN.

The new entity is expected to be headquartered in the Dinh Vu-Cat Hai Economic Zone in the northern port city of Hai Phong, home to VinFast’s automotive manufacturing complex, with projected charter capital of VND5.184 trillion ($197 million).

Company officials said the restructuring does not signal a withdrawal from vehicle manufacturing.

Instead, the move is designed to transform the Vietnam factory into an independent production platform owned and operated by a third party.

The restructuring is designed to reduce capital investment pressure, improve financial structure, and allow VinFast to focus resources on R&D, technology, branding, and market expansion.

The plan is expected to be completed in the third quarter of 2026, pending shareholder and creditor approval.

VinFast emphasized that the restructuring will not affect its subsidiaries or international projects.

Factories under construction in India and Indonesia will remain fully owned and operated by the company.

In related news, VinFast Auto Ltd. recently appointed Pham Nhat Quan Anh as chairman of the board.