Tesla has established a company in Ho Chi Minh City with a registered capital of $3 million, enabling the sale of vehicles and parts, as well as import, export, and distribution.
On September 14, 2026, at 1:14 PM, Reuters reported that Tesla, the US electric vehicle (EV) manufacturer, officially established a subsidiary in Vietnam, marking its entry into one of the fastest-growing EV markets in Southeast Asia, according to recently released business registration documents.
Documents examined by Reuters indicate that the new company, named Tesla Motors Vietnam Limited Liability Company, is registered in Ho Chi Minh City with a registered capital of 7.7667 billion dong, or approximately 3 million dollars.
The company was established on September 11, 2569, and is licensed to conduct wholesale and retail business of automobiles, automotive parts, machinery and equipment, as well as activities related to import, export, and distribution.
The registration documents list David Jon Feinstein, an American citizen residing in Austin, Texas, as the company president, while Isabel Ching Fan serves as the general director and Nguyen Manh Hung as the assistant general director.
The establishment of this subsidiary marks Tesla's official entry into the Vietnamese market, amidst the rapid growth of the country's electric vehicle (EV) market, which is becoming one of the fastest-growing EV markets in Southeast Asia.
Reference: reuters.com
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