Vingroup plans offshore listing

Hanoi-based real estate firm is keen to launch an offshore listing after being the first Vietnamese corporate to issue a global bond and syndicated loan in 2013.

Vingroup plans to diversify its funding sources, with an offshore listing first on the list, but the volatile nature of global equity markets is putting it off from doing so.

“We would like to try all the possible financing channels, both domestic and international,” said Le Thi Thu Thuy, CEO of Vingroup to FinanceAsia. “The most near term opportunity for us to look into is an offshore listing.”

“With equity financing, we will be able to access a broader capital base and being listed on an exchange would strengthen the requirement for stricter corporate governance,” she added. “This in turn improves the company’s...

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