<ul><li>VinFast, the Vietnamese electric vehicle (EV) maker, will receive a $3.4 billion funding boost from its parent company, Vingroup.</li><li>The funding will be provided by Vingroup by 2026 and will help VinFast reach profitability by the same year.</li><li>Vingroup and other investors have already invested around $13.5 billion into VinFast, and this additional funding will bring the total investments to around $17 billion.</li><li>Around $1.97 billion of the funding will come directly from VinFast founder Pham Nhat Vuong, who remains committed to raising independent capital for the company.</li></ul>

VinFast will get a $3.4 billion funding boost from parent company

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