Vietnamese electric vehicle maker VinFast has secured a USD 100 million green loan facility from MUFG Bank, Ltd., marking the start of a long-term partnership aimed at driving sustainable mobility in Vietnam and across global markets.
The financing will be deployed to bolster VinFast’s international expansion, strengthen its position as a pure-play EV company, and support projects designed to optimize costs, expand market presence in Asia, and drive long-term revenue growth.
“This inaugural USD 100 million green credit facility from MUFG Bank not only bolsters our financial capacity but also reaffirms our commitment to the global green energy transition,” said Pham Nguyen Anh Thu, Deputy CEO of Investment at VinFast. “We value MUFG’s leadership in sustainable finance in Vietnam and look forward to developing a long-term and prosperous partnership.”
Echoing this sentiment, Takao Nozaki, MUFG Bank’s Managing Director and Regional Head of Vietnam, highlighted the strategic alignment of the deal: “We are delighted to support the sustainable development of VinFast and its emergence as a pioneering force in the EV industry. Our partnership with VinFast aligns with MUFG’s priorities in promoting net-zero cooperation, green transition, and the growth of clean energy solutions globally.”
The collaboration underscores MUFG’s confidence in VinFast’s growth trajectory and innovation in the EV sector. As Chairman of Vietnam’s Banking Working Group (2023–2025), MUFG has been actively promoting green finance, carbon credit mechanisms, and ESG initiatives, reinforcing its role as a bridge for sustainable financing.
Established in 2017, VinFast has rapidly emerged as one of the few global pure-EV manufacturers with a diversified portfolio spanning electric SUVs, e-scooters, e-bikes, and e-buses. In 2024, the company captured the top spot in Vietnam’s domestic automotive market, while expanding into North America, Europe, India, Indonesia, and the Philippines.
The latest green loan facility signals both companies’ shared commitment to advancing clean energy solutions and shaping the future of sustainable mobility worldwide.
