VinFast to receive at least $1 billion in investment

Vietnamese electric vehicle maker VinFast is expected to receive at least $1 billion in investment from a consortium led by Emirates Driving Co., people familiar with the matter said. The funding is part of an agreement VinFast announced on Oct. 29 with Emirates Driving Co. Emirates Driving Co. will also provide VinFast with its expertise in driver training, road safety, and electric vehicle ecosystem development, the two companies said.