VinFast plans to split its domestic factories in Vietnam and get rid of most of its debt.

VinFast announced plans to sell two domestic factories in Vietnam, which will reduce approximately 182 trillion Vietnamese dong of debt and liabilities, while also potentially speeding up the overall profit generation process. The company stated, "After completing this restructuring, VinFast will essentially operate without debt, retaining only a small amount of liabilities." Vietnam's richest man and company founder, Pham Nhat Vuong, had previously stated that VinFast is expected to achieve a profit and loss balance before interest, taxes, depreciation, and amortization in 2027. The company has not disclosed a timeline for full profitability after the asset split, but it has clear plans to achieve profitability in the domestic market in Vietnam by 2027. The struggling car manufacturer stated, "This split is a strategic pilot model for VinFast. If the pilot is successful, we will further expand; if we encounter operational difficulties, we will make necessary adjustments promptly." Data shows that this restructuring will effectively lighten the debt burden of the parent company, Vingroup, which currently has a total debt of around 358 trillion Vietnamese dong. VinFast stated that this transaction will allow the company to no longer rely on continuous funding from the parent company, but instead to support Vingroup and create substantial value.