HANOI - Over the last decade, Vietnamese electric vehicle maker VinFast Auto has burned through billions of dollars on an aggressive expansion.Now, a plan to sell its two main factories and shift $7 billion worth of debt off its books has sparked concerns about governance at billionaire Pham Nhat Vuong's Vingroup conglomerate. Vuong, who got his start selling instant noodles in Ukraine in the 1990s, has built Vingroup into Vietnam's largest company. Through it, he owns hotels, amusement parks and Nasdaq-listed VinFast. He has also developed a reputation for complex, intragroup transaction…READ FULL ARTICLE
