The DFC will provide $500 million in funding, subject to evaluation results, for VinFast 's projects to establish a lithium-ion battery research, development and manufacturing facility in Vietnam.
This is also the first project in a series of sustainable transport development projects in Vietnam and the world that the two sides are actively working on.
The US International Development Finance Corporation has signed a letter of intent to provide $500 million in funding to VinFast.
To receive the funding, VinFast will undergo comprehensive assessments on multiple criteria: being a Vietnamese enterprise with solid economic /financial capabilities; complying with DFC and local requirements related to development, environmental and social impacts; complying with legal and regulatory requirements, among others.
In addition, DFC also highly appreciated VinFast's outstanding efforts through a series of projects to produce electric vehicles, produce lithium-ion batteries, and develop charging station infrastructure nationwide...
By supporting businesses on a global scale, DFC will directly contribute to sustainable development goals, promoting a greener future in Vietnam and internationally.
Ms. Le Thi Thu Thuy, VinFast Global CEO, shared: “VinFast is proud to join DFC in contributing to the future of sustainable transportation. DFC's funding will be a solid stepping stone for VinFast to move forward on its journey of global expansion and towards a green future for everyone.”
DFC is a U.S. government agency responsible for promoting private investment in developing countries. DFC focuses on projects that create positive development impacts, protect the environment and society, promote human rights, and ensure workers' rights.
Before VinFast, DFC announced an investment of 737 million USD in Vietnam, the largest investment capital in the Southeast Asian market.
Thanh Lam
Source
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