VinFast unit agrees to buy Ngoc Hoi Real Estate for VND 30,857 billion
VFS•Deal assets, timing and funding
Ngoc Hoi holds a 20% economic stake in a consortium developing the Hanoi International Sports Urban Area project.
Closing is targeted for Q3 2026, subject to customary conditions. A part-payment is due at close, with the balance payable within 120 days.
Funding is expected from existing arrangements with Vingroup and Phạm Nhật Vượng, supported by up to VND 10 trillion in capital injection.
VinFast unit agrees to buy Ngoc Hoi Real Estate from founder and minority holders
VinFast Auto agreed to buy 100% of Ngoc Hoi Real Estate Investment from founder Phạm Nhật Vượng and minority holders.
The purchase price was set at VND 30.86 trillion, about US$1.2 billion, and was described as a discount to an independent valuation.
