Billionaire Pham Nhat Vuong’s VinFast Spending $1 Billion To Expand EV Factory In Indonesia
- Posted on December 16, 2025
- By Forbes
- 5 Views
Billionaire Pham Nhat Vuong’s VinFast Spending $1 Billion To Expand EV Factory In Indonesia

VinFast has been expanding manufacturing facilities across Asia amid booming EV demand. In early December, VinFast announced plans to invest $500 million to triple its EV manufacturing capacity in India over the next few years.