VinFast announces billion dollar share deal with Yorkville
) announced on Friday that it has initiated a share subscription agreement of potentially $1 billion with the U.S.-based fund Yorkville Advisors, aiming to secure financial backing for its international market growth.
"This new source of equity funding provides us with valuable optionality and access to capital to continue to expand our business on a global scale," said VinFast CFO, David Mansfield in a statement. Up to this point, VinFast has sold approximately 22,000 vehicles and is striving to achieve this year's sales goal of 40,000 to 50,000 units.
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