ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Vietnam's Vingroup plans $1.5bn bond ahead of EV push in U.S.

Conglomerate also debuts Vietnam's first EV battery plant

VinFast displays vehicles in Ho Chi Minh City, Vietnam, where it began selling cars in 2019. It plans to enter the electric car markets in North America and Europe. (Photo by Lien Hoang)

HO CHI MINH CITY -- Vingroup aims to raise $1.5 billion through bonds as Vietnam's biggest private company bolsters its electric vehicle business with a new battery plant and a debut at a major U.S. tech conference.

The five-year dollar-denominated bonds will help finance VinFast, the auto unit that Vingroup hopes to list in the U.S. and in which it has already invested $5 billion. Vingroup will issue the international bonds in the first quarter of next year, the group said in a filing on Tuesday with the Ho Chi Minh City Stock Exchange.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more