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Vingroup shares at record high on news of potential VinFast U.S. IPO

FILE PHOTO: Labourers work at Vinfast auto plant on the occasion of its opening ceremony in Hai Phong city, Vietnam June 14, 2019. REUTERS/Kham/File Photo

HANOI (Reuters) - Shares of Vietnam’s biggest conglomerate, Vingroup JSC, rose as much as 6.97% to hit a record high on Tuesday, after sources said it was considering a U.S. initial public offering for its car unit that could value VinFast at about $60 billion.

Reporting by Phuong Nguyen; Editing by Ed Davies

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