The fact that she is even being asked about it is very telling as to how local investors view Vinfast’s prospects even if the local media is firmly on Vinfast’s side. (Full article is in The Investor).

Vingroup owns about 60 percent of Vinhomes, and the head of Vingroup has firmly committed to supporting Vinfast. Vinhomes is also the cash cow of the Vingroup ecosystem accounting for nearly 70 percent of the group’s revenue in 2023. It also accounted for almost 87 percent of the gross profit of the group. It’s not clear how Vinfast, which is running at a loss of over US$200 million a month can survive without the support of Vinhomes.

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