Vietnam’s Vingroup considering IPO or SPAC deal for car unit

HO CHI MINH CITY — Vietnam’s Vingroup says it is considering an initial public offering or a merger with a “blank check” company among options to raise money for its car unit.

The announcement, made on the Vingroup website, is confirmation that Vietnam’s biggest domestically listed company is considering moves that could lead to a listing of VinFast, either directly or via a so-called special purpose acquisition company, or SPAC.