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04 Dec

US DFC considers $500m loan to Vietnam’s VinFast

Vietnamese EV start-up VinFast is looking to secure a $500 million loan from the US International Development Finance Corp. (DFC) for a lithium-ion battery gigafactory in Southeast Asia. DFC – the US government’s development finance institution – has signed a letter of interest (LOI) to consider a formal loan application submitted by VinFast. If awarded, VinFast would use the $500m to establish battery manufacturing facilities in Vietnam. The …
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