SEA Digest: VinFast acquires Australian asset; FWD invests in IPPFA

Vietnam’s homegrown car manufacturer VinFast has entered into an agreement to take over the Lang Lang Testing Centre in Australia from American car giant General Motors. Meanwhile, FWD, the insurance company of Hong Kong billionaire Richard Li, will be buying a minority stake in Singapore-based financial advisory company IPP Financial Advisers (IPPFA).