Within the framework of COP28, VinFast Auto and the United States International Development Financial Corporation have signed a letter of Interest to consider a formal application by VinFast for a $500M loan to establish a lithium-ion battery manufacturing facility in Vietnam. The signing not only reaffirms both parties’ commitment to fostering sustainable transportation, but also marks a significant milestone in the Vietnam – U.S. Comprehensive Strategic Partnership. DFC and VinFast will further discuss and consider VinFast’s formal application for a $500M loan for the establishment of its lithium-ion battery manufacturing facilities in Vietnam, subject to DFC’s comprehensive review and approval process. This is the first project in a series of sustainable transportation development initiatives in the Vietnamese and international markets being actively discussed by the two parties.
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