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Vietnamese automaker VinFast files for US IPO to fund expansion

VinFast Global CEO Michael Lohscheller unveils the VinFast E35 SUV during the Vietnamese car company’s EV global premiere during the 2021 LA Auto Show in Los Angeles on Nov 17, 2021. (Reuters photo)

HAIPHONG: Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering (IPO) of the group with US securities regulators, as it plans US$4 billion spending on its first US factory complex.

VinFast, which is a unit of Vietnam’s biggest conglomerate Vingroup JSC, said it had not determined the size and price range for the IPO.

“There are options to look at. We are still considering a lot of options,” VinFast Chief Executive Le Thi Thu Thuy told reporters on the sidelines of…

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