VinFast Vietnam JSC has increased its registered capital from VND5.138 trillion to VND35.183 trillion, approximately US$1.3 billion, VnExpress reports. The increase involved dividend-preference shares, while the ordinary share count remained unchanged.

The announcement concerns the Vietnamese legal entity and its registered capital structure. That amount should not be equated with the valuation of the entire VinFast group or the group's cash holdings.