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Vingroup raises $400 mln loan from global banks

Vingroup raises $400 mln loan from global banks

Vingroup has secured a $400-million loan from international lenders to fund ‘green’ and sustainable development of its auto unit VinFast and other subsidiaries.
Vietnamese billionaires see net worth rise by 15 pct in 2021

Vietnamese billionaires see net worth rise by 15 pct in 2021

The total net worth of Vietnamese billionaires has increased by nearly $2.6 billion, or 15 percent, since the last Forbes’ Billionaires update in April, to a combined $19.3 billion due to surging stock prices.
December 23, 2021 | 09:34 pm PT
Vietnam's Vingroup plans bond issue to raise $1.5 bln for automobile unit

Vietnam's Vingroup plans bond issue to raise $1.5 bln for automobile unit

Vingroup, Vietnam's biggest listed company, plans to raise $1.5 billion through the issue of international bonds next year to boost capital for its automobile unit, the company said in a statement.
December 23, 2021 | 02:45 am PT
Vingroup begins construction of $174 mln car battery plant

Vingroup begins construction of $174 mln car battery plant

Vingroup has started construction of a VND4 trillion ($174.14 million) car battery plant in the central province of Ha Tinh.
December 12, 2021 | 08:40 pm PT
Vingroup plans US IPO for car unit Vinfast

Vingroup plans US IPO for car unit Vinfast

Vingroup will transfer all its stakes in VinFast Vietnam to its affiliate in Singapore as part of preparations for the automaker’s initial public offering (IPO) in the U.S.
December 4, 2021 | 06:04 pm PT
Vingroup tapping global investors for car unit's $1 bln funding: sources

Vingroup tapping global investors for car unit's $1 bln funding: sources

Vietnam's largest conglomerate Vingroup is in talks with investors, including Qatar's sovereign fund and BlackRock, to raise about $1 billion in equity for its car unit, three sources aware of the matter said.
November 30, 2021 | 09:30 pm PT
Vietnam's Vinfast plans US listing in a couple of years

Vietnam's Vinfast plans US listing in a couple of years

Vietnamese automaker VinFast plans to list on the U.S. stock market within the next couple of years, its chief executive told Reuters, joining a growing list of electric vehicle startups taking advantage of investor excitement to raise money.
November 17, 2021 | 06:13 pm PT
VinFast receives $20.5 mln US tax credit

VinFast receives $20.5 mln US tax credit

Vietnamese electric vehicle manufacturer VinFast received a $20.5-million tax credit from the U.S. state of California for establishing its national headquarters there.
November 6, 2021 | 12:23 am PT
Vingroup, Vinhomes see revenues drop

Vingroup, Vinhomes see revenues drop

Both conglomerate Vingroup and real estate unit Vinhomes saw revenues plunging double-digit in the third quarter as social distancing was imposed in major localities.
November 1, 2021 | 02:13 am PT
WinMart retail chain revenues up 1 pct

WinMart retail chain revenues up 1 pct

WinMart retail chain earned revenues of VND24 trillion ($1.04 billion) in the first nine months of this year, a year-on-year increase of 1 percent, its operator, WinCommerce, said.
October 28, 2021 | 07:46 pm PT
Vietnam carmaker Vinfast eyes start of US deliveries in late 2022, CEO says

Vietnam carmaker Vinfast eyes start of US deliveries in late 2022, CEO says

Vietnamese automaker Vinfast will begin taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of 2022, global Chief Executive Michael Lohscheller said.
October 14, 2021 | 05:55 pm PT
Vingroup launches Big Data research company

Vingroup launches Big Data research company

The Vingroup Corporation (VIC), Vietnam’s largest private conglomerate, has set up a new firm – VinBigData Jsc – with a chartered capital of VND470.8 billion ($20.29 million).
September 15, 2021 | 07:42 am PT
VinFast partners Chinese company for making electric car batteries

VinFast partners Chinese company for making electric car batteries

Automaker VinFast has tied up with Chinese company Gotion High-Tech to research and produce electric car batteries as part of its vision to become a global brand.
August 22, 2021 | 08:28 pm PT
US investment firm to reduce stake in Vinhomes

US investment firm to reduce stake in Vinhomes

U.S. investment company KKR & Co. is set to reduce its stake in leading real estate developer Vinhomes from 5.5 percent to 4.6 percent.
August 16, 2021 | 09:37 pm PT
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