New Delhi, Dec. 21 -- Vietnamese conglomerate Vingroup, which has interests spanning real estate, renewable energy and electric vehicles, is planning rapid international expansion via India, buoyed by its strong automotive performance even as its US push struggles amid Trump-era policies.

The conglomerate's twin announcements over the past month - to invest over $500 million in India through electric vehicle (EV) maker VinFast and scale up overall investments to $5 billion in the country to explore entry by other group firms - come as it pulls back from an aggressive push in the US automobile market.

VinFast, which has helped the group expand internationally and open operations in markets like the US, is not eyeing store expansion in th...