Vietnam's Vingroup plans bond issue to raise $1.5b for automobile unit

Vietnam's Vingroup plans bond issue to raise $1.5b for automobile unit

FILE PHOTO: Workers at Vinfast's auto plant on the occasion of its opening ceremony in Hai Phong city, Vietnam June 14, 2019. REUTERS/Kham

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.