[10] During the launch of the first phase of development in 2018, the company reported an initial investment of US$1.5 billion to manufacture cars and electric motorbikes at a greenfield factory.

VinFast will have exclusive rights to distribute the Chevrolet brand in Vietnam and will take ownership of the existing General Motors (GM Korea) factory in Hanoi (VIDAMCO).

[17] The company was to have been the title sponsor of the inaugural edition of the Formula One Vietnamese Grand Prix, which was slated to take place during the 2020 season - the race was subsequently cancelled due to COVID-19 pandemic.

[26] On 25 December, it delivered the first batch of 100 VF e34 electric crossovers to Vietnamese customers at VinFast's manufacturing complex in Hai Phong.

Sources told Reuters that the automaker planned to merge with a special-purpose acquisition company (SPAC) in the United States.

[36] VinFast announced on 7 April 2022 that it planned an initial public offering (IPO) through a Singapore-based holding company.

[44] On the same day it was announced that VinFast would set up branch offices in Shanghai, China, and Seoul, South Korea.

[44] In February 2020, ex-Holden engineers were being recruited by VinFast in Port Melbourne, making Australia the second overseas country to have a branch after the company moved in December 2019.

[45][46] The branch, known as VinFast Engineering Australia, is staffed by ex-Ford, Holden and Toyota employees[47] and opened on 12 June 2020.

[53] In July 2023, the company broke ground at its electric vehicle manufacturing site, located within the Triangle Innovation Point in Chatham County, North Carolina.

[58] In July 2021, VinFast appointed Michael Lohscheller, who previously worked as an executive of Volkswagen America and as CEO of Opel, to lead its overseas operations.

[39] VinFast plans to expand in seven more markets in Asia, including Indonesia, where the company aims to start deliveries from 2024.

[64][65] In August 2023, and in tandem with their NASDAQ listing, VinFast launched an ad campaign for their VF 8 and US debut featuring Joey Lawrence, reviving his catchphrase, "Whoa!

", from the hit TV series Blossom on NBC that amassed a million views on YouTube in under a week,[66] produced by production company Anaheim Studios.

[67] Four million views[68] and four months later, VinFast released a second installment of the Whoa commercial,[69] in which Joey Lawrence reprised his starring role, in December of the same year.

Both models are based on previous generation BMW products with various changes and enhancements, including the extensive redesign of the chassis to meet future international safety standards.

[88] VinFast produces low-floor electric city buses for sister company VinBus, a privately operated non-profit bus route network service established by Vingroup in 2019.

VinFast claimed that the video contained "untrue content" that "affected the reputation" of the company to increase views and interactions for his YouTube channel.

[99] On the video, Hoang complained about faults in the tire pressure sensor, the windshield wipers, the wireless phone charger, squeaking doors, and he lied about the number of times he went to the dealership for repairs.

[101] VinFast received "The Rising Star” award from Autobest in 2022 and named among world's 100 most influential companies in 2024 by Time Magazine's.

[111] On May 21, 2024, US Federal regulators have begun an investigation into the crash of a VinFast VF 8, resulting in the deaths of a family of four from Pleasanton, California.

[113] Reports indicate that engineers faced significant pressure to meet stringent deadlines, raising concerns about the safety and quality of VinFast vehicles.

Allegations suggest that engineers were even locked in factories overnight to speed up production, potentially compromising vehicle safety.