7 April 2022, VinFast announced plans for an initial public offering (IPO) through a Singapore-based holding company with U.S. securities regulators on the second half of the year as an option to fund their expansion. On 24 May 2022, Vinfast announced that it would be moving its headquarters to Singapore, with the company stating that "We feel that Singapore is a jurisdiction that will give investors more confidence." It's reported that IPO plans to the US is postponed to 2023. Overseas operations On 31 July 2018, VinFast GmbH was established in Frankfurt, Germany. The office will be in charge of distributing auto parts and other related services. On the same day it was announced that VinFast will set up branch offices in Shanghai, China and Seoul, South Korea. In February 2020, ex-Holden engineers were being recruited by VinFast in Port Melbourne, making Australia the second overseas country to have a branch after the company moved in December 2019. The branch, known as VinFast Engineering Australia, is staffed by ex-Ford, Holden and Toyota employees and opened on 12 June 2020. On 6 May 2021, the Port Melbourne office was announced to be closed due to the COVID-19 pandemic temporarily. The Lang Lang test track is not affected by the closure. March 29th, 2022 Vinfast concreted its plan to manufacture batteries, cars, and buses in North Carolina. The auto manufacturer will create 7,500 jobs. Export plans In April 2019, VinFast reported that the Lux SA2.0 and Sedan Lux A2.0 were the first two models introduced to Russia at the end of 2018. According to Auto.Vesti, the models are expected to be sold throughout Russia by the end of 2020. Vuong mentioned that electric vehicles will be sold in the country after 2021. It was announced in December 2019 that VinFast plans to market electric vehicles to the United States by 2021. In December 2020, VinFast has reportedly mentioned that the company plans to sell its vehicles in Australia with no date mentioned. On 22 January 2021, VinFast unveiled three finalized designs of their electric SUV models VF31, VF32, VF33 intended for US, Canada, Germany, France and the Netherlands export markets. Of which, VF32 and VF33 are available in both gasoline and electric engined versions. These vehicles are stated to meet with the NHTSA, Euro NCAP and ASEAN NCAP 5 star-ratings as well as featuring self-driving capabilities thanks to a suite of electronic