VinFast to split business units and sell manufacturing assets

VinFast Auto Ltd. (NASDAQ: VFS) announced plans for a corporate restructuring that will separate core business functions from its manufacturing operations. The company will split electric vehicle design, product development, branding, pricing, and sales activities from VinFast Trading and Production JSC (VFTP), its manufacturing subsidiary, into a new entity under VinFast's control.

Following the split, VinFast intends to sell its entire stake in VFTP to a group of purchasers led by Future Investment Research and Development Joint Stock Company under a share purchase agreement dated May 12, 2026. The sale will transfer the company's manufacturing business along with related assets and liabilities.

The company stated the restructuring aims to create a more capital-efficient, asset-light operating model in Vietnam. VinFast said the changes are intended to improve its financial structure and reduce future capital expenditure requirements.

VinFast's Board of Directors has scheduled an Extraordinary General Meeting of Shareholders for May 27, 2026 at 9:00 p.m. Singapore time to seek shareholder approval for the asset sale. The meeting will also occur at 9:00 a.m. Eastern Standard Time.

The information was disclosed in a company statement.

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