Exclusive: Vingroup plans Thai bonds as funding options narrow

Baht strength make it a risky move for Vietnam's biggest conglomerate

20200120 Vinfast

A VinFast vehicle is exhibited during a press conference in Hanoi. (Photo by Rie Ishii) 

TOMOYA ONISHI and MASAYUKI YUDA, Nikkei staff writers

HANOI/BANGKOK -- Vingroup, Vietnam's largest company, plans to issue this year its first baht-denominated bonds, according to sources, as the sprawling conglomerate seeks to expand its loss-making cars business and has all but exhausted its funding options at home.

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