VinFast has secured a USD 100 million Green Loan facility from MUFG Bank, Ltd. The funding will support VinFast’s growth, development, and international expansion strategy. This milestone marks the beginning of a long-term partnership between the two parties, highlighting their shared commitment to advancing the global green transition.
Green Loan for Sustainable Growth
The loan is structured as a green credit facility. Under this arrangement, the proceeds will be used to strengthen VinFast’s position as a pure-electric vehicle company. The company plans to strategically invest the funds into key projects across Asia to expand its presence, boost revenue growth, and optimize long-term operational costs.
Pham Nguyen Anh Thu, Deputy CEO of Investment at VinFast, said:
“The 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. We value MUFG’s leadership in sustainable finance in Vietnam and look forward to developing a long-term and prosperous partnership.”
MUFG’s Commitment to Green Finance
Takao Nozaki, MUFG Bank’s Managing Director and Regional Head of Vietnam, added:
“We are delighted to support the sustainable development of VinFast and its emergence as a pioneering force in the electric vehicle industry. With our expertise in sustainable financing and experience in renewables and clean energy, we are well-positioned to empower VinFast’s EV development efforts and international expansion strategy. This partnership aligns with MUFG’s priorities in promoting net-zero cooperation and clean energy growth worldwide.”
The collaboration underscores MUFG’s confidence in VinFast’s vision, growth potential, and inspiring journey. Together, both companies aim to seize opportunities in the fast-growing EV industry while creating long-term value for communities.
A Milestone for Vietnam’s Green Transition
The agreement comes as MUFG plays a leading role in advancing Vietnam’s sustainable development. As Chairman of the Banking Working Group (2023–2025), MUFG has partnered with Vietnamese ministries on green finance, carbon credit mechanisms, startup support, and ESG initiatives.
Since its founding eight years ago, VinFast has grown into one of the few global pure-electric vehicle companies with a diverse product portfolio. In 2024, it secured the number one spot in Vietnam’s automotive market, while also establishing a presence in North America and Europe. The company is now expanding into emerging markets such as India, Indonesia, and the Philippines, leveraging Vingroup’s green ecosystem to strengthen its global impact.