Tag: VFVN
VinFast to sell Vietnamese manufacturing unit in US$530 million restructuring move
VinFast plans to spin off and sell its domestic manufacturing business for about US$530 million as part of restructuring aimed at shifting to a more capital-efficient, asset-light operating model in Vietnam, according to a filing with the US Securities and Exchange Commission (SEC) on May 12.
Domestic funds report impressive growth
The total value of assets under the management of domestic exchange-traded funds (ETFs) has soared by 64% to US$1 billion so far this year, while foreign ETFs increased 12% to US$1.4 billion.
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