VinFast signs 190 million USD loan for its plant in Indonesia
Under the agreement, Bank Negara Indonesia (BNI) will be the lead arranger of the financing and will handle the underwriting for the syndicated loan of 1.85 trillion IDR.
VF 3 – the newest VinFast’s EV in Indonesia. (Photo: bnews)
Hanoi (VNA) – Vietnamese electric vehicle (EV) maker VinFast has secured a long-term syndicated loan agreement worth 1.85 trillion IDR (110 million USD) and an 80 million USD accordion fac𝐆ility from two Indonesian banks🧜 to finance the construction of its plant in Indonesia.
The two banks are state-owned Bank Negara Indonesia (BNI) and PT Bank Maybank Indonesia Tbk (Maybank).
Under the agreement, BNI will be the lead arranger of the financing and will handle the underwriting for the syndicated loan of 1.85 trillion IDR. This loan is intended to finance the construction of PT VinFast Automobile Indonesia's EV manufacturing plant in Subang, West Java.
Of the sum, BNI will finance 1.51 trillion IDR, while the remainder be provided by Maybank.
In addition, the parties will proceed with the additional 80 million USD extension facility.
Previously, VinFast and BNI signed a memorandum of understanding (MoU) for collaborative investment, development, and provision of financial solutions to bolster VinFast's green ecosystem in Indonesia. This initiative aims to facilitate a seamless green transition for Indonesian consumers, enabling easier adoption of EVs.
This will be a vital catalyst for VinFast's expansion in Indonesia, continuously enhancing the firm's global production capabilities to meet the ever-increasing demand for the EV transition, said CEO of VinFast Asia Pham Sanh Chau.
In July 2024, VinFast broke ground on its EV assembly plant in Subang, with operations planned to commence in the second half of 2025. This strategically positioned facility is projected to become a pivotal manufacturing hub for VinFast's EVs, serving both Indonesian and export markets, while simultaneously bolstering the local automotive industry's supply chain.
Furthermore, VinFast is steadily solidifying its position and expanding its footprint in Indonesia through the launch and delivery of a diverse portfolio of all-electric vehicles, including RHD variant of VF 3, VF 5, and VF e34 models./.
As the latest addition to VinFast's diverse portfolio of all-electric vehicles in Indonesia, the VF 3 mini e-SUV is strategically positioned as a pivotal catalyst in the firm's efforts to promote green transition.
Under the MoU, VinFast will leverage Amarta's extensive market expertise and 25 years of experience to establish 22 new showrooms between 2025 and 2027, focusing on major cities such as Greater Jakarta and Bandung.
VinFast targets at least doubling global vehicle deliveries in 2025, emphasising flexibility in strategy while staying committed to green mobility goals.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
