VinFast Secures USD 100M Green Loan from MUFG

In a significant step to support its electric vehicle (EV) growth in Asia, VinFast has obtained a USD 100 million green credit facility from MUFG Bank as its first green loan transaction. The facility will finance VinFast's plans to grow as an electric pure-vehicle manufacturer and play a part in the world's green energy transformation.

Organized in a green finance framework, the loan proceeds will be allocated strategically to finance core projects that fuel business growth, revenue generation, and cost savings.

Ms. Pham Nguyen Anh Thu, VinFast's Deputy CEO of Investment stated, "The first-ever USD 100 million green credit facility from MUFG Bank not only strengthens our financial capability, but also affirms our dedication to the world's green energy transition. We appreciate MUFG's sustainability finance leadership and look forward to a long-term collaboration."

Key highlights:

VinFast has obtained its first-ever green credit facility from MUFG Bank to fuel its growth as a pure-electric vehicle manufacturer in Asia
The funds will be used to finance core EV projects, drive revenue growth, and optimize costs, aligning with VinFast’s role in the global green energy transition
MUFG Bank, a global leader in sustainable finance, reinforces its support for Vietnam’s clean energy journey and backs VinFast’s regional EV leadership across India, Indonesia, and the Philippines

MUFG, a global pioneer in green finance, reiterated its determination to support sustainable development in Vietnam.

“We are honored to stand behind VinFast as it becomes a trailblazer in the EV sector. This partnership fits with our strategic initiatives in net-zero collaboration and clean energy development." said Mr. Takao Nozaki, Regional Head of Vietnam for MUFG Bank.

Also Read: Growing Green Business Investments in Asia and the Pacific: Trends & Opportunities

The facility agreement also points to the trust that MUFG places in VinFast's growth path and reflects a mutual vision to drive clean mobility solutions. VinFast, as a NASDAQ-listed company, continues its expansion into India, Indonesia, and the Philippines, solidifying its position as a regional EV leader.