HANOI, May 14 (Reuters): The chairman of Vietnam's Vingroup conglomerate has announced this week that an initial public offering (IPO) for the company's auto unit, VinFast, may be delayed until next year due to market uncertainty.
The IPO is currently slated for the fourth quarter of this year. Vingroup Chairman Pham Nhat Vuong also told the company's annual general meeting the conglomerate was prioritising spending on VinFast and gave an aggressive car sales target.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
