VinFast Auto founder Pham Nhat Vuong made $60b in a day after listing the electric vehicle maker in the US

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  • VinFast Auto founder Pham Nhat Vuong made $60b in a day after listing the electric vehicle maker in the US

Started with instant noodles

The car maker was established by Mr Vuong in 2017, and forecasts sales will reach 45,000 to 50,000 this year. It began building a factory in North Carolina last month. Mr Vuong and his relatives have invested at least $US300 million into the firm.

Mr Vuong moved to Ukraine in the early 1990s after studying geoeconomics engineering in Russia. He started a business making instant noodles which was sold to Nestle in 2010, nine years after he had returned…

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