HO CHI MINH CITY -- Vingroup and its billionaire founder have launched a spacecraft and satellite company, offering the Vietnamese investors behind Tesla challenger VinFast another echo of Elon Musk's business ventures.
VinFast EV founder jumps into another new industry after entertainment foray

Pham Nhat Vuong, VinFast CEO and Vietnam's richest man, appears at parent company Vingroup's annual shareholders meeting on April 24. (Vingroup)
HO CHI MINH CITY -- Vingroup and its billionaire founder have launched a spacecraft and satellite company, offering the Vietnamese investors behind Tesla challenger VinFast another echo of Elon Musk's business ventures.