Big Plans for Vietnam's Vingroup
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Big Plans for Vietnam's Vingroup
Conglomerate pursues US listing for carmaking unit as it aims to take on Tesla
By: Helen Clark
Vingroup, Vietnam’s closest thing to a homegrown chaebol, is looking to be one of the first Vietnamese companies to list on a major US exchange and hoping to raise US$3 billion for an IPO for its car maker subsidiary in the second half of next year.
It is the country’s largest conglomerate, recognizable everywhere, privately run and owned…
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