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Vietnam's Vingroup awaits clarity on Credit Suisse after buyout

Bank bought by UBS counts EV maker VinFast, developer Novaland among Asia clients

Electric vehicle maker VinFast, owned by Vingroup, tapped Credit Suisse as one of several banks to handle a planned stock listing in the U.S. (Photo by Lien Hoang)

HO CHI MINH CITY -- Vingroup is seeking partnerships with different financial institutions as it awaits updates on UBS's takeover of Credit Suisse, an adviser on a planned U.S. listing of the Vietnamese conglomerate's electric-vehicle arm VinFast.

The Swiss bank has also been facilitating financing for the construction of a VinFast plant in America, according to the EV maker.

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