According to Bloomberg and Reuters news reports on April 12, Vingroup JSC (HOSE: VIC; OUTPERFORM rating and latest target price of VND125,000/share) is considering an initial public offering (IPO) for VinFast (VIC’s 51%-owned subsidiary) in the US that could value the automobile manufacturer at USD50bn-60bn. On April 14, VIC officially clarified that the company is considering various fundraising opportunities and investments for VinFast, including but not limited to an equity investment.