Richest Man in Vietnam Bets Big on EVs: Reinforces $8 Billion Wager
Vietnam’s richest man, Pham Nhat Vuong, is betting $8 billion on electric vehicles (EVs) through his automaker, VinFast. Despite setbacks faced by other billionaires who took on the challenge of developing EVs, Vuong is determined to make it work. He has already invested $8.2 billion in VinFast’s operating expenses and capital expenditures over the past…