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

Conglomerate also debuts Vietnam's first EV battery plant

20211223 vinfast vingroup vietnam auto car

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)

LIEN HOANG, Nikkei staff writer

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.

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