Viet Nam: VinFast Electric Mobility Green Loan Project

Nonsovereign Project | 55327-001

The facility will support investment in electric buses, electric bus manufacturing facilities, and electric vehicle charging stations and related costs undertaken by VinFast Trading and Production Joint Stock Company in Viet Nam.

Project Details

  • Project Officer
    Knowles, Tristan
    Private Sector Operations Department
    Request for information
  • Approval Date
    25 August 2022
  • Country/Economy
    Viet Nam
  • Sector
    • Transport
Project Name VinFast Electric Mobility Green Loan Project
Project Number 55327-001
Borrower / Company VinFast Trading and Production Joint Stock Company
Country / Economy Viet Nam
Location Nation-wide
Type or Modality of Assistance
0850 Grant Climate Innovation and Development Fund USD 3.00 million Committed
4203 Loan Ordinary capital resources USD 20.00 million Signed
8421 Loan Australian Climate Finance Partnership USD 20.00 million Approved
8422 Loan Clean Technology Fund USD 10.00 million Approved
CF105 B-Loan Other DFIs and/or commercial lenders USD 45.00 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Transport / Road transport (non-urban)

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Knowles, Tristan
Project Sponsor(s) Vingroup Joint Stock Company
Description The facility will support investment in electric buses, electric bus manufacturing facilities, and electric vehicle charging stations and related costs undertaken by VinFast Trading and Production Joint Stock Company in Viet Nam.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement B
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 11 Feb 2022
Credit Committee Meeting 15 Jul 2022
Approval 25 Aug 2022
Last PDS Update 19 Sep 2022

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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

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