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Acquisition of Ngoc Hoi Real Estate Investment Joint Stock Company

Acquisition of Ngoc Hoi Real Estate Investment Joint Stock Company

On September 15, 2026, VinFast Vietnam Joint Stock Company (“VFVN”), a subsidiary of VinFast Auto Ltd. (“VinFast” or the “Company”), signed share purchase agreements to acquire 100% of the equity interests in Ngoc Hoi Real Estate Investment Joint Stock Company (“Ngoc Hoi” and the “Transactions”) from Mr. Pham Nhat Vuong, VinFast’s founder (“Mr. Pham”) and two other minority shareholders of Ngoc Hoi. The Transactions reflect a further strategic effort by Mr. Pham to facilitate the Company’s sustainable growth.

Ngoc Hoi is a real estate development company in which Mr. Pham owns a majority interest. The acquisition of Ngoc Hoi is intended to strengthen the Company’s financial position and improve its capital efficiency by generating additional earnings and cash flows from real estate development to complement VinFast’s core electric vehicle business. The Company’s electric vehicle and smart mobility businesses will remain its core business and principal strategic focus.

Ngoc Hoi holds a 20% economic interest in an investor consortium that is developing the Hanoi International Sports Urban Area Project (the “Project”), a large and well-known integrated urban development project in Hanoi, Vietnam. Vinhomes Joint Stock Company (“Vinhomes”), a subsidiary of Vingroup Joint Stock Company (“Vingroup JSC”) and an affiliate of the Company, is the lead investor in the consortium and has been authorized by the consortium members to coordinate and lead the implementation of the Project. Vinhomes is a prominent real estate developer in Vietnam with a proven track record of developing, marketing and delivering large-scale integrated urban developments. The Project provides the Company with a unique opportunity to integrate its electric vehicle and green mobility ecosystem into a large-scale smart city development from the planning stage.

The aggregate consideration for the Transactions is VND30,857 billion (approximately US$1.2 billion), representing a discount to the fair value of the transferred shares as determined by an independent third party valuation. Under the share purchase agreements, half of the consideration payable to Mr. Pham and all consideration payable to Ngoc Hoi’s minority shareholders will be paid at closing, with the remaining amounts payable within 120 days thereafter.

The Transactions are expected to close in the third quarter of 2026, subject to the satisfaction or waiver of customary closing conditions.

The purchase consideration of the Transactions is expected to be funded through a combination of existing financial arrangements with Vingroup and Mr. Pham, together with a portion of the proceeds from the capital contribution described below.

Capital contribution by Mr. Pham to VFVN

The Board of Directors of the Company and the shareholders of VFVN have approved a capital contribution of up to VND10,000 billion (approximately US$396.7 million) by Mr. Pham to VFVN through the issuance by VFVN of dividend preference shares that carry no conversion, exchange or similar rights. The capital contribution is expected to be completed by the end of 2026 and is intended to further strengthen VFVN’s capital base and support its strategic growth initiatives.

This announcement contains translations of certain Vietnam Dong amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Vietnam Dong to U.S. dollars were made at the rate of VND25,206 to US$1.00. The Company makes no representation that the Vietnam Dong or U.S. dollars amounts referred could be converted into U.S. dollars or Vietnam Dong, as the case may be, at any particular rate or at all.