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    VIC   VN000000VIC9

VINGROUP JOINT STOCK COMPANY

(VIC)
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End-of-day quote Ho Chi Minh Stock Exchange  -  05-26
78000.00 VND   +0.39%
05/24Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports
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05/11Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty
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04/29Vingroup Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2022
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Vietnam's Vingroup plans bond issue to raise $1.5 bln for automobile unit

12/22/2021 | 10:48pm EDT

HANOI, Dec 23 (Reuters) - Vingroup, Vietnam's biggest listed company, plans to raise $1.5 billion through the issue of international bonds next year to boost capital for its automobile unit, the company said in a statement.

The funds will be used to repay loans and for the expansion of VinFast, the group's automobile unit, the statement said. Bond holders will be able to exercise options to receive share in VinFast Singapore.

Vingroup earlier this month set up a Singapore-based holding company owning a stake in VinFast's operations in Vietnam in preparation for the auto-maker's listing on the U.S. stock market slated for the second half of next year.

The bonds would have a maturity of five years. Par value has not been revealed yet, the statement said.

VinFast became the country's first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge entered the market in 2019.

It is betting on the U.S. market, where its electric SUVs and a battery leasing model are expected to debut next year.

Vingroup said it was targeting global electric vehicle sales of 42,000 units next year, up from its previous plan of 15,000. (Editing by Ed Davies)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) 0.97% 5632.99 Real-time Quote.-11.14%
VINGROUP JOINT STOCK COMPANY 0.39% 78000 End-of-day quote.-17.98%
All news about VINGROUP JOINT STOCK COMPANY
05/24Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports
RE
05/11Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty
RE
04/29Vingroup Joint Stock Company Reports Earnings Results for the First Quarter Ended March..
CI
04/28Vietnam's Vingroup says Q1 net profit down 41% y/y, at $22.3 mln
RE
04/20VINGROUP JOINT STOCK : PARTNERS WITH BRIGHTON COLLEGE TO BRING UK'S “INDEPENDENT SCH..
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04/14VINGROUP JOINT STOCK : Vinfast and electrify america announce charging agreement and mobil..
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04/14VINGROUP JOINT STOCK : Vinfast announces battery subscription pricing in the us and activa..
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04/09Vietnam's VinFast seeks US government loans for expansion
RE
04/09VinFast could seek US govt financing for expansion, Vingroup chairman says
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04/09VINGROUP CHAIRMAN : Says could finance vinfast planned expansion…
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Financials
Sales 2022 155 198 B 6 678 M 6 678 M
Net income 2022 1 130 B 48,6 M 48,6 M
Net Debt 2022 126 080 B 5 425 M 5 425 M
P/E ratio 2022 68,8x
Yield 2022 -
Capitalization 289 403 B 12 453 M 12 453 M
EV / Sales 2022 2,68x
EV / Sales 2023 1,94x
Nbr of Employees 41 500
Free-Float 24,0%
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 78 000,00 VND
Average target price 105 233,33 VND
Spread / Average Target 34,9%
EPS Revisions
Managers and Directors
Quang Viet Nguyen Vice Chairman & Chief Executive Officer
Vuong Nhat Pham Chairman
Hiep Khac Le Vice Chairman
Marc Villiers Townsend Independent Director
Hang Thuy Pham Vice Chairman
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