Vietnam's VinFast plans to raise at least US$400 million via first green loan


VinFast-Car-Vietnam-Branding-in-Asia

HANOI, Oct 30 (Reuters): VinFast, the auto arm of Vietnam's largest conglomerate Vingroup JSC, plans to raise at least US$400 million via its first green loan to fund the manufacturing of electric vehicles, Vingroup's Vice Chairwoman Le Thi Thu Thuy has announced.

VinFast became the country's first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge hit the streets in 2019, and it is aiming to debut in US and European markets next year with two battery electric SUVs.

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