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Thursday, April 27, 2023

$2.5B boost may keep Vinfast moving despite IPO status

VinFast VF 8 PrototypeVinfast has secured additional funding pledges worth $2.5 billion, the company confirmed Wednesday. That may allow it to keep it moving smoothly ahead of its planned U.S. stock-market listing and past that timeframe. Of the new funding pledges, $1 billion will be provided as a non-refundable grant—the language used by the...

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