Vingroup sets record revenue this year

May 18, 2023

VinFast, a Vingroup subsidiary that specialises in the design and production of electric vehicles (EVs), and Black Spade Acquisition Co. announced a merger on May 12. The occasion represents a significant step toward VinFast's listing on the US stock market and presents Vingroup and VinFast with new options for international financing. In 2023, the Board of Directors of Vingroup targets a net revenue of VNĐ190 trillion (US$8.1 billion), a gain of 87 per cent year-on-year. The company's profit after tax is forecast to slightly decrease by VNĐ44 billion over the last year to VNĐ2 trillion. For its fund-raising plan, Vingroup expects to issue a maximum of VNĐ5 trillion in bonds in one or many offerings.

The source of this news is from Vietnam News