Vingroup and VinFast successfully raised the first international green syndicated loan

HANOI, VIETNAM – Media OutReach – 28 December 2021 – This
is the first sustainable syndicated loan transaction, and the second international
sustainable fund raising transaction by Vingroup. Previously, Vinpearl – a
member company of the Group, as well as a leading developer and operator of
tourism and leisure services in Vietnam, successfully issued a USD 425 million
sustainable exchangeable bond in September of 2021.

Proceeds from the loan
will be used by VinFast and other Vingroup member companies to in green and
sustainable projects in accordance with the Sustainable Financing Framework announced
by Vingroup in September 2021.

Mandated Lead Arrangers
and Book-runners for the transaction include BNP Paribas, Cathay United Bank,
Credit Suisse, the Hongkong Shanghai Banking Corporation (‘HSBC’), Maybank and
Taipei Fubon, of which Credit Suisse serves as the Facility Agent and BNP
Paribas, HSBC are Joint Green Finance Coordinator.

Mr. Nguyen Viet Quang –
Vice Chairman and Chief Executive Officer of Vingroup commented: “The
success of this sustainable syndicated loan is made possible because we have
received overwhelming support from international lenders for our commitment to sustainable
investment areas, of which VinFast is the most prominent. Our aim is to make
VinFast a global smart electric vehicle manufacturer that offers
environmentally friendly means of transport to the masses
.”

Mr. Tim Evans – General
Director of HSBC Vietnam said: “HSBC Vietnam is proud to continue supporting
Vingroup’s sustainable and green development goals. We appreciate the
partnership with Vingroup, a forward-thinking b
u siness that pioneers in
contributing to Vietnam’s goals to tackle climate change. As Joint Green
Finance Coordinator & Mandated Lead Arranger & Bookrunner in the transaction,
HSBC has strengthened its capabilities in structuring and arranging sustainable
financing, while emphasizing our long-term commitment to supporting local
businesses to build a greener Vietnam
.”

BNP Paribas is
honored to support Vingroup, our key customer, in this landmark transaction.
Vingroup has not only made great strides in its sustainable development goals,
but also contributed to the development of a sustainable financing market and
contributed to Vietnam’s national ambition to transit to a low carbon economy. This
is a landmark transaction for us as it is the first Green Loan in Vietnam in
which BNPP acts as Joint Green Finance Coordinator & Mandated Lead Arranger
& Book-runner
.” said Mr. Olivier Rousselet – General Director of
BNP Paribas Vietnam.

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