VinFast Auto Ltd. is a multinational automotive company that was founded in 2017 with its headquarters in Haiphong, Vietnam. VinFast is a subsidiary of the largest conglomerate in Vietnam called Vingroup. Vingroup Joint Stock Company was originally founded in Ukraine as Technocom, with a specialization in dried foods like instant noodles, until the early 2000s when operations began in Vietnam.
According to recent reports, VinFast is looking to invest up to $2 billion USD in the Indian state of Tamil Nadu, for the construction of an electric vehicle manufacturing plant. The report further mentions that this facility would supposedly have an annual production capacity of about 150,000 vehicles, with construction activities scheduled to commence this year.
