VinFast Sued in US Over Unpaid Showroom Rent

22 May 2024 CW Team

Vietnamese electric vehicle maker VinFast is facing a lawsuit in the United States over unpaid rent for one of its showrooms. The complaint, filed by the landlord of the property, claims that VinFast has failed to pay the agreed-upon rent, leading to the legal action.

The lawsuit centres around VinFast's showroom in San Mateo, California, a significant location for the company's US operations. Despite being a strategic part of their retail network aimed at boosting their market presence, the financial dispute has raised concerns about the company's operational management and financial stability in the US market.

VinFast has responded to the lawsuit, stating that they are working to resolve the issue amicably. They emphasise their commitment to fulfilling all contractual obligations and maintaining their expansion plans in the US. The company, which recently made headlines for its ambitious growth plans and high-profile launches, views this lawsuit as a hurdle that can be overcome without impacting their broader objectives.

The situation has attracted significant media attention, especially as VinFast has been under scrutiny for its rapid expansion and the challenges it faces in a competitive EV market. This legal battle could have implications for VinFast?s reputation and investor confidence as they continue to push into new markets.

Despite this setback, VinFast remains focused on its goal of establishing a strong foothold in the US and continues to engage with stakeholders to navigate through these challenges.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..