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VinFast Could Seek US Govt Financing For Expansion, Vingroup Chairman Says – Reuters.com

vinfast-could-seek-us-govt-financing-for-expansion,-vingroup-chairman-says-–-reuters.com
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The VinFast logo is displayed on a VF5 electric SUV during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo

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April 9 (Reuters) – The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, could seek financing from the U.S. 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.

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Reporting by Vietnam Newsroom; Editing by William Mallard

Our Standards: The Thomson Reuters Trust Principles.

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