News Formal

Vietnam's VinFast files for US IPO as it targets global market

  • 📰 eNCA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Vietnam's homegrown carmaker VinFast, which plans to sell the first ever Vietnamese car in the United States, said Wednesday it has filed for an initial public offering (IPO) in the country.

Vinfast, which is part of conglomerate Vingroup, owned by Vietnam's richest man Pham Nhat Vuong, will deliver its first electric SUVs to Americans later this month.

No decision has been made on the number of shares to be offered and the price range for the proposed offering, it added. The upfront payment for the VF8 and VF9 -- the two models sold in the US -- will be $42,000 and $57,500 respectively. Tesla's SUVs start at around $65,000.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

G7 makes new $15 billion offer to Vietnam to cut coal use: source - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speedup its transition away from coal, three people familiar with the talks told Reuters. Imperialism has never ended
Source: SABCNews - 🏆 37. / 51 Read more »