HANOI (Reuters) – Vietnam carmaker Vinfast has signed framework agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. (USA) to raise at least $4 billion to develop an electric vehicle factory in North Carolina, the company said.
The announcement comes after its parent in May said that an initial public offering (IPO) for VinFast might be delayed until next year due to market uncertainty. Credit Suisse and Citi did not immediately respond to requests for comment.
(Reporting by Phuong Nguyen; Editing by Ed Davies)
