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
Register now for FREE unlimited access to Reuters.com
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.
Register now for FREE unlimited access to Reuters.com
Reporting by Vietnam Newsroom; Editing by William Mallard
Our Standards: The Thomson Reuters Trust Principles.