VinFast, an automotive manufacturer, agreed to go public via a SPAC merger with Black Spade Acquisition, a blank check company, in a $27bn deal. “VinFast has already demonstrated the ability to quickly reach international markets. The partnership with Black Spade and listing of VinFast in the US represents the perfect capital raising avenue for our future global ambitions and is also an important accomplishment for Vingroup,” Madame Thuy Le, VinFast CEO.