On 13 April 2022, Kent Wong, Partner and Head of Banking & Capital Markets at VCI Legal LLP, was interviewed by Vietnam Investment Review (VIR) about VinFast filing its initial public offering (IPO) at the US Securities Exchange Commission.
A VinFast IPO is estimated to raise almost $2 billion, which would make it the largest ever by a Vietnamese firm. VinFast plans to build an electric vehicle (EV) production facility in North Carolina, US in 2024. The first phase of the projected complex in the United States is expected to cost $6 billion.
Kent Wong expressed the opinion that due to the current state of the oil market and consumer trends, a VinFast IPO is ambitious and timely. He also added that “It’s great that VinFast has chosen the traditional IPO route and not the special purpose acquisition company (SPAC)” route.
The interview article can be found here at
https://vir.com.vn/big-names-bet-on-ipo-frenzy-in-international-markets-92651.html
