Do not think that with this step Vinfast is suddenly a company from Singapore. After all, according to the same logic, Stellantis would be Dutch, because that car giant has its official headquarters in Amsterdam. However, according to Reuters, Vinfast will indeed buy a building in Singapore and it will also become an operational ‘hub’, where Vingroup CEO Le Thi Thu Thuy reportedly wants to spend time. However, the operational headquarters will remain in Vietnam, where Vinfast’s parent company Vingroup is also located. According to the report, Vinfast is taking this step because Singapore as ‘Southeast Asia’s most developed market’ inspires more investor confidence than Vietnam. The American IPO is also being set up from Singapore, so American Vietnam associations may also play a role in this. Vinfast is new, but going fast. We recently learned what the fully electric VF8 and VF9 should cost in the Netherlands. In the meantime, work is also underway on an American factory, into which Vinfast is already pumping 2 billion dollars to begin with. The first ‘batch’ cars for the European and American market should soon come off the production line in Vietnam.
#Vinfast #moves #official #headquarters #Singapore