An US federal investment fund (DFC) – is considering a half-a-billion loan to VinFast’s battery manufacturing project. With approval, the Vietnamese EV makers might be the first company to receive the largest DFC funding in Southeast Asia region.
>*“Within the framework of COP28, VinFast and DFC have signed a letter of Interest (LOI) to consider a formal application by VinFast for a USD500 million loan to establish a lithium-ion battery manufacturing facility in Vietnam”.*
This collaboration reaffirms both parties’ **commitment to fostering the growth of electric mobility,** contributing to sustainable development goals and a greener future.
>Madame Le Thi Thu Thuy, Global CEO of VinFast, said: *“VinFast is proud to work with DFC to lead the way to the future of sustainable transportation. DFC financing would set a path forward for VinFast’s global expansion strategy and its journey toward a greener future for all.”*
DFC and VinFast will further discuss and consider VinFast’s formal application for the multi-million loan. DFC has to conduct a detailed assessment of the business plan, financial model, historical financial statements, expected project impact and legal compliance.
>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
The Vietnamese EV maker’s initiatives are built on supporting a broader innovation ecosystem through **research and development, electric vehicle manufacturing, lithium-ion battery manufacturing, developing charging infrastructure nationwide,** and many others.
*DFC is a U.S. government agency charged with promoting private investment that invests across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services.*
See my previous post for more details about DFC [**here**](https://www.reddit.com/r/VinFastCommunity/comments/189via3/dfc_investment_fund_under_us_government_who_are/).
**Source**: [https://www.bloomberg.com/news/articles/2023-12-04/us-s-dfc-weighs-500-million-loan-for-vietnam-ev-maker-vinfast](https://www.bloomberg.com/news/articles/2023-12-04/us-s-dfc-weighs-500-million-loan-for-vietnam-ev-maker-vinfast)
by Alive-Interaction480