VinFast could seek US government financing for expansion: Vingroup chairman
Add BT as a preferred source
[HANOI] The chairman of Vietnam's Vingroup conglomerate said on Saturday (Apr 9) that the company's auto unit, VinFast, could seek financing from the US government to support its expansion with a planned plant in North Carolina.
"It is also one of our financing options, but we need to prove to them that we are qualified," Vingroup chairman Pham Nhat Vuong told a group including reporters.
He said VinFast was committed to an IPO that would help establish the electric vehicle maker as a global brand, but added, "if the conditions are not right we can wait."
"We have many options in terms of financing," he said. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
GameStop CEO says eBay shut his account after buyout funding stunt
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh
