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Friday, 18 September 2026
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After years of losses, VinFast turns to its founder's land: a US$1.2B property buy

VinFast's Vietnam unit agreed on 15 September to buy founder Pham Nhat Vuong's Ngoc Hoi Real Estate for US$1.2 billion (VND30,857 billion). Ngoc Hoi owns 20 percent of a 9,200-hectare Hanoi urban project.

Source — TNGlobal