© Reuters. FILE PHOTO: The Vinfast sales space is seen on the 2022 New York Worldwide Auto Present, in Manhattan, New York Metropolis, U.S., April 14, 2022. REUTERS/David ‘Dee’ Delgado
HANOI (Reuters) – The chairman of Vietnam’s Vingroup conglomerate mentioned on Wednesday that an preliminary public providing (IPO) for the corporate’s auto unit, VinFast, could also be delayed till subsequent yr resulting from market uncertainty.
The IPO is presently slated for the fourth quarter of this yr. Vingroup Chairman Pham Nhat Vuong additionally instructed the corporate’s annual normal assembly the automobile maker was dealing with obstacles acquiring elements from China.
VinFast’s Singapore-based holding firm had filed for an IPO with the U.S. securities regulators, as the corporate readies a $4-billion funding to construct a manufacturing facility in the USA.
