:The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina.
VinFast said this week that its Singapore-based holding company had filed for an initial public offering with U.S. securities regulators, as the company readies a $4-billion investment to build a factory in the United States. Vuong 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.”
Lending from the U.S. government's Advanced Technology Vehicles Manufacturing loan programme was another option VinFast was exploring, Vuong said, in response to a question.
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