Key facts
- Tesla has established a subsidiary in Vietnam, named Tesla Motors Vietnam Limited Liability Company.
- The subsidiary was registered in Ho Chi Minh City on September 11.
- The charter capital for the new entity is 77.667 billion dong ($3 million).
- The company is authorized for wholesale and retail sales of automobiles, vehicle parts, machinery, and equipment, as well as import, export, and distribution activities.
U.S. electric vehicle maker Tesla has formally entered one of Southeast Asia's fastest-growing EV markets with the establishment of a subsidiary in Vietnam. The new entity, Tesla Motors Vietnam Limited Liability Company, was registered in Ho Chi Minh City on September 11 with charter capital of 77.667 billion Vietnamese dong ($3 million).
The company is authorized to conduct wholesale and retail sales of automobiles, vehicle parts, machinery, and equipment, along with related import, export, and distribution activities. David Jon Feinstein, a U.S. national, is listed as the chairman, with Isabel Ching Fan serving as general director and Nguyen Manh Hung as assistant to the general director.