VinFast Trading and Production Joint Stock Company

Busses in the bus station

In brief

Established in 2017 by Vingroup JSC, VinFast is Vietnam’s leading automotive manufacturer and the only domestic, home-grown brand in the car and motorcycle market.The Company has established a strong reputation in electric vehicles. It is, with the support of USD 135 million syndicated debt arranged by ADB, expanding its electric bus manufacturing operations and charging network.

Main development impact

Hanoi and Ho Chi Minh City are Southeast Asia's 15 most polluted cities. The main cause of emissions is cars and motorbikes. The c. 200 e-buses on the road by the end of 2022 will avoid 11 tons of PM2.5 and 1,400 tons of NOx air pollution emissions over their lifetime. VinFast employs 5,975 employees and is looking to add a further 8,000 high-quality manufacturing jobs by 2026.

Investment details

Name: VinFast Trading and Production Joint Stock Company
Project number: 80000404
Region: Asia
Country: Vietnam
Sector: Other sector
Signing date (month/year): October 2022
Currency: USD
Finnfund's financing (commitment): 15,000,000
Instrument: Loan
Size of the project financing: USD 135,000,000
Share of Finnfund's financing (%): 11 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

October

Key facts

Name:

VinFast Trading and Production Joint Stock Company

Sector:

Other sector

Region:

Asia

Country:

Vietnam

Currency:

USD

Finnfund's financing (commitment):

15,000,000

Signing date (month/year):

October 2022

Last update:

13 December 2024