55327-001: VinFast Electric Mobility Green Loan Project

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 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

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.

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