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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

Dec 15, 2021
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Big Plans for Vietnam's Vingroup

www.asiasentinel.com
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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