While there are no Vietnamese-headquartered companies that manufacture or supply US election voting machines—a domain controlled by US and European firms like Dominion, Smartmatic, and ES&S under federal VVSG guidelines—several prominent Vietnamese conglomerates and holdings heavily embedded in US-facing strategic sectors (EVs, technology listings, and export logistics) have sustained severe financial losses.
- VinFast / Vingroup (Electric Vehicles & Green Supply Chains)
- Financial Losses: VinFast, the flagship automotive arm of Vietnam’s largest conglomerate (Vingroup), has accumulated over $5.1 billion in losses, regularly posting quarterly net losses exceeding $500 million–$600 million. Its stock plummeted over 90% from its NASDAQ peak.
- US Geopolitical & Strategic Link: VinFast spearheaded a massive push into the US market with a planned $4 billion EV manufacturing facility in Chatham County, North Carolina. The venture stalled due to cash flow pressures and soft US adoption, leading local authoritie