Vingroup Chairman Pham Nhat Vuong told Vingroups annual shareholders meeting that he will ‘never let go’ of Vinfast, VN Express is reporting. According to the article, Pham insisted that Vingroup and all of its subsidiaries would fall in line behind the electric car project.
With Vinfast haemorrhaging money it is not surprising that Vingroup’s investors are concerned about their exposure to its continued loss-making operations.