Automaker VinFast on July 13 announced that it has signed agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. to raise at least 4 billion USD to develop an electric vehicle factory in North Carolina, the US.
Vingroup will transfer all its stakes in VinFast Vietnam to its affiliate in Singapore as part of preparations for the automaker’s initial public offering (IPO) in the U.S. - VnExpress International