Vingroup plans bond issue to raise US$1.5bil

The funds will be used to repay loans and for the expansion of VinFast, the group’s automobile unit, the statement said.

HANOI: Vingroup, Vietnam’s biggest listed company, plans to raise US$1.5bil (RM6.31bil) through the issue of international bonds next year to boost capital for its automobile unit, the company said in a statement.

The funds will be used to repay loans and for the expansion of VinFast, the group’s automobile unit, the statement said.