VOV.VN - Vietnam’s largest private economic conglomerate Vingroup is scheduled to issue international bonds worth US$525 million in the first phase in May 2022.
Each bond will have a face value of US$1 million and will have a five-year maturity, said Vingroup.
Vingroup last year endorsed a decision to issue international bonds worth US$1.5 billion. Much of the sum will be used to expand VinFast, the group's vehicle division and Vietnam’s first fully-fledged automobile manufacturer.
In early April, VinFast said that its Singapore-based parent company had filed an application for an initial public offering (IPO) with US securities regulators, after the company announced its plan to invested US$4 billion in an electric vehicle factory in North Carolina.
VinFast, which started operations in 2019, is penetrating the US market, hoping to compete with automakers and startups by launching two electric SUVs and a battery-rental model to reduce unit prices.
VOV.VN - Vietnamese automaker VinFast is aiming to co-operate with Amazon to integrate their Alexa voice experience into its vehicles, according to PR Newswire, the premier global provider of multimedia platforms.
VOV.VN - US President Joe Biden has welcomed a VinFast invested project to build its first factory in North Carolina as part of the Vietnamese firm’s investment strategy to expand operations in the United States.
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