Vietnam's VinFast to roll out $500m EV facilities in India

Vietnam's VinFast to roll out $500m EV facilities in India

FILE PHOTO: The logo of VinFast is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe/File Photo

Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world’s third-largest vehicle market.