Vietnam's EV Maker VinFast mulls up to US$1 billion funding round

HANOI, March 19 (Bloomberg): VinFast, a Vietnamese electric vehicle maker, is exploring a funding round to raise US$500 million to US$1 billion ahead of a potential US. listing, according to people with knowledge of the matter.

The unit of conglomerate Vingroup JSC could raise the funds by issuing convertible debt, said the people, who asked not to be identified as the process is private. The carmaker and its financial advisers have reached out to prospective investors to gauge interest, the people said.