VinFast could seek US government financing for expansion: Vingroup chairman

[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