VinFast, a unit of Vietnam's biggest conglomerate Vingroup (VIC.HM), announced in May it would go public through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co (BSAQ.A).

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023.

VinFast and Black Spade aim to complete the merger by August, they said in a joint statement.

"The declaration of the SEC effectiveness is a significant step towards the successful completion of the business combination between Black Spade and VinFast," Dennis Tam, Chairman and Co-CEO of Black Spade Acquisition Co said.

Black Spade is set to hold an extraordinary shareholder meeting to approve the proposed business combination with VinFast, the joint statement said.

VinFast to buy back electric cars after 5 years

VinFast electric car owners in Vietnam can sell their vehicle back to the company after five years for 53-66% of their purchase price, the automaker has said.

Most expensive VinFast EV delivered to local buyers

The first Vietnamese customers on Monday received their VF9s, the most expensive electric sport utility vehicle (SUV) produced by Vietnamese automaker VinFast.

VinFast delivers 782 electric cars in two months

VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, reported on March 14 that it delivered 774 electric vehicles (EVs) to customers in the first two months of 2023.

EV maker Vinfast rolls out mobile charging service

Vietnamese EV maker Vinfast has announced the roll-out of a round-the-clock mobile charging service for its electric vehicles across the country.

Vietnam's EV maker Vinfast files for US IPO to fuel global expansion

Vietnam's electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol "VFS" to fund its expansion with a planned plant in North Carolina.

Source: VnExpress