VinFast could seek US govt financing for expansion, Vingroup chairman says
2022.04.09 09:06
FILE PHOTO: The VinFast logo is displayed on a VF5 electric SUV during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo
(Reuters) – The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, could seek financing from the U.S. government to support its expansion with a planned plant in North Carolina.
“It is also one of our financing options, but we need to prove to them that we are qualified,” Vingroup Chairman Pham Nhat Vuong told a group including reporters.
He said VinFast was committed to an IPO that would help establish the electric vehicle maker as a global brand, but added, “if the conditions are not right we can wait.”
“We have many options in terms of financing,” he said.
