Vingroup issues 525 million USD bonds on international market in May
- 205
- Enterprise
- 15:51 06/05/2022
DNHN - Vingroup has just announced its bond issuance on the international market in 2022, worth 525 million USD, with the offering price of 1 million USD a bond. The issue date is expected to be in May.
This is part of a plan to issue up to 1.5 billion USD worth of the company's bonds, which has been approved by Vingroup's Board of Directors recently. With the 5-year bonds, the bondholder will be given the right to choose shares of VinFast owned by Vingroup.
Besides paying fees and expenses for the bond issuance, the raised capital will be invested in VinFast to develop its car production complex.
The bonds were expected to be issued in the first quarter of 2022 before being delayed and divided into two times.
At the end of the first quarter, Vingroup posted revenue of 18.2 trillion VND, of which VinFast's production segment contributed 3.3 trillion VND.
Previously, VinFast Trading & Investment Pte. Ltd - a subsidiary of Vingroup based in Singapore - has submitted an application for an initial public offering (IPO) to the US Securities and Exchange Commission (SEC).
The IPO is expected to raise about 2 billion USD. If successful, this will be one of the two largest IPOs of an Asian company on the US exchanges./.
Related news
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Prime Minister: Vietnam aims to become a regional logistics hub
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
- Vietnam’s strong gdp growth fails to ease labor market distress
- US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
- VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
- CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
- What must Vietnamese enterprises do to maintain their position in the global supply chain?
- Vietnam advances cybersecurity law to boost digital sovereignty and business resilience
- Vietnam embraces digital tools to modernize public administration
- Administrative procedures for establishing the national technology exchange reduced to one application set
- Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
- Foreign investors expected to open 150,000 new securities accounts in the next 5 years
- Government’s plan to implement Law on Digital Technology Industry approved
- Vietnam launches “Private Economy Panorama Model” to foster public-private national development
- Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- White House: When politics and technology join forces to rewrite the global AI order
Đọc thêm Enterprise
List of Vietnam’s 25 Best Workplaces 2025
Great Place To Work® has officially announced the 25 companies featured in the Best Workplaces in Vietnam™ 2025 ranking.
The ambitions of major enterprises in 2025
Major enterprises such as Dabaco, FPT, and KBC have set ambitious plans for 2025, demonstrating flexibility and sharpness in their business strategies.
What do domestic businesses need to overcome difficulties?
Strong and synchronized government support policies are crucial in helping Vietnamese enterprises navigate the current challenging period.
ACV achieved net profit surpassing VND 11,560 billion in 2024
Vietnam Airports Corporation (ACV) has recently announced its 2024 business results, reporting a net profit exceeding VND 11,560 billion, marking a 37% growth compared to the previous year.
Increasing taxes on pick-up trucks: The need to hear public opinion
The proposed tax increase on pick-up trucks is sparking debate. Many representatives argue that this decision could impact workers, businesses, and the domestic automotive market.
"The Vietnam-Korea Investment Cooperation Forum 2024 is a testament to the spirit of innovation and sustainable collaboration."
For Mr. Kim Ki-mun, Chairman of KBIZ, the Vietnam-Korea Investment Cooperation Forum 2024, scheduled for November 21, is not merely an event but also a testament to the spirit of innovation and sustainable collaboration between nations.
KBIZ's 60-year journey in building a solid foundation for South Korea's small and medium enterprise community
With over 60 years of establishment and development, the Korea Federation of SMEs (KBIZ) has emerged as a pioneering force in supporting the small and medium-sized enterprise (SME) community in South Korea.
What categories are included in the additional audit subjects?
On the morning of November 7, the National Assembly discussed the draft amendment of several articles across seven laws, with a particular focus on adding new audit subjects.
Institutional obstacles "tie up" enterprises and challenge economic growth
During a session discussing the 2024 socio-economic development plan, National Assembly deputies emphasized that institutional barriers remain a significant "obstacle" for businesses.
More than 1,000 new real estate businesses established in Ho Chi Minh City, transactions grow
In the first nine months of 2024, Ho Chi Minh City's real estate market witnessed the establishment of over 1,000 new businesses and recorded 1,600 property transactions, signaling a positive recovery trend.