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Vietnam's EV maker VinFast files for U.S. IPO

New car unit of Vingroup owned by country's richest man taps Citi, Nomura in listing

Vingroup's VinFast, whose EVs start at $42,000 without batteries, hopes to be the only Vietnamese company listed in the U.S. (Photo by Lien Hoang)

HO CHI MINH CITY -- Electric vehicle maker VinFast officially filed for an initial public offering in New York in a move that, if successful, would make it the only Vietnamese company listed in the U.S.

Fresh off its maiden shipment of EVs to the U.S., the young carmaker run by Vietnam's richest man said on Wednesday it hopes to list on the Nasdaq exchange with the ticker symbol VFS, with Citigroup, Credit Suisse and Nomura among the book-runners for the listing. 

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