Vingroup Is Negotiating To Mobilize 1 Billion Usd For Vinfast

According to Reuters, Vingroup is negotiating with investors, including Qatar National Investment Fund and Blackrock Group, to mobilize about $ 1 billion for Vinfast. This capital mobilization is in the context of Vinfast. Big bets on the US market in the hope of new electric SUV models and batteries hiring models will suffer consumers from tequal companies such as Tesla and General Motors. If successful, this is likely to be a batch Vietnam's largest private capital mobilization and highlighting the interest of investors in Southeast Asia, where previously grab and goto have mobilized billions of dollars. At the same time, this move also shows that electric tram production projects will continue to attract investors

. Reuters's sources also said Vingroup is discussing to mobilize capital before Vinfast is capable of listing In the United States earliest next year. This capital mobilization agreement can be completed next month and Vingroup is also negotiating with the global private investment companies.Ruters said Vingroup declined to comment on the above issue
Both Qatar and Blackrock National Fund have yet to respond to comments from Reuters. Before that, Vinfast said about the US listing plan within the next few years. Two Reuters sources said Vinfast will list independently or listed through a special purpose company (SPAC).

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