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
    Nath, Kiron
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Viet Nam
  • Modality
  • 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
Approval Number Facility Fund Source Amount Status
0850 Grant Climate Innovation and Development Fund USD 3.00 million Committed
4203 Loan Ordinary capital resources USD 20.00 million Committed
8421 Loan Australian Climate Finance Partnership USD 20.00 million Committed
8422 Loan Clean Technology Fund USD 5.00 million Committed
CF105 B-Loan Other DFIs and/or commercial lenders USD 45.00 million Approved
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP2: Accelerating progress in gender equality
  • OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
  • OP4: Making cities more livable
Sector / Subsector
  • Transport / Road transport (non-urban)

Gender
Some gender elements
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

Contact

Responsible ADB Officer
Nath, Kiron
Responsible ADB Division
Portfolio Management Division, PSOD
Responsible ADB Department
Private Sector Operations Department

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
05 Feb 2024

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
VinFast Electric Mobility Green Loan Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jul 2022
VinFast Electric Mobility Green Loan Project: Report and Recommendation of the President Reports and Recommendations of the President Jul 2022

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

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.