Tesla’s Vietnam rival VinFast weighs US IPO launch in second quarter


HANOI, Jan 10 (Bloomberg): VinFast, an electric vehicle maker backed by Vietnam’s richest man, is considering launching its US initial public offering as soon as the second quarter this year, according to people familiar with the matter.

The unit of conglomerate Vingroup JSC, founded by Pham Nhat Vuong, has been working with banks including JPMorgan Chase & Co. and Citigroup Inc. on its listing plans, according to a filing in December.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
US , VinFast , IPO , Rivals , Tesla

Next In Aseanplus News

How can Hong Kong, Central Asia build momentum on growing ties and go beyond MOUs?
Young Chinese turn to Mao Zedong for life advice, 50 years after his death
Volcanic alert level raised for Hokkaido’s Mount Tokachi
'Guru' in India but still wants to know what's happening in Umno AGM, says Zahid
BRICS adopts joint declaration, urges 'maximum restraint' in the Middle East
Hong Kong students drop in global rankings for maths, science and literacy
Momentous talk: China's Xi meets Indian PM Modi in New Delhi, reports state media
Chinese scientists boost hydrogen fuel cell power fourfold with new design
Differences aside, Umno will remain professional, says Zahid
Man arrested over alleged robbery, assault of two Rohingya men in Johor

Others Also Read