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VinFast signs a $1 billion financing agreement with investors from the United Arab Emirates.
According to Reuters on October 30th, Vietnamese electric auto manufacturer VinFast reached a non-binding agreement with a consortium of investors from the United Arab Emirates to receive at least 1 billion US dollars. Sources said the consortium is led by Emirates Driving Company, and there is currently no clear schedule for the disbursement of funds.
VinFast Lands $1B in New Funding as It Launches Its Brand in the UAE