VinFast hikes charter capital by 37 pct – VnExpress International


By Dat Nguyen  &nbspApril 17, 2021 | 11:48 am GMT+7
VinFast hikes charter capital by 37 pct  VinFast hikes charter capital by 37 pct - VnExpress International WEBVF32frontview16127553718413 2607 9507 1618632443

An artist’s impression of an electric car manufactured by VinFast. Photo courtesy of VinFast.


Automaker VinFast has increased its charter capital by nearly 37 percent this year to VND42.5 trillion ($1.84 billion) amid plans to launch electric vehicles.

Vietnam’s first fully-fledged carmaker hiked its capital by a total of VND11.38 trillion on three occasions in the first three months, according to the National Business Registration Portal.

This makes VinFast the largest subsidiary of conglomerate Vingroup in terms of charter capital, followed by Vinhomes and Vincom Retail.

Vingroup, the country’s biggest private company, owns a 51.52 percent stake in VinFast, while the Vietnam Investment Company, owned by Vingroup chairman Pham Nhat Vuong, owns 40.98.

In January VinFast introduced three self-driving electric cars that will be delivered this year. The company plans to sell them in the U.S., Canada and the E.U., with bookings opening in November and delivery to be made in June next year.

It is reportedly planning an initial public offering in the U.S. to raise at least $2 billion, the first ever Vietnamese company to do so.

Vingroup plans to build a second auto plant in Vietnam in the central province of Ha Tinh. Its first is in the northern city of Hai Phong.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

VinFast hikes charter capital by 37 pct – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF