Financing Vietnam’s first e-bus fleet and EV charging network

About responsAbility Investments AG responsAbility Investments AG is a leading impact investor focused on private debt and private equity across emerging markets. Founded in 2003 and headquartered in Zurich, it has invested over USD 12 billion since inception and has a strong performance track record. With over 200 employees, collaborating from seven offices, the company invests across three distinctive themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. responsAbility is part of M&G plc, the international savings and investments business, and contributes to enhancing M&G’s capabilities in impact investing.

Antonia Schaeli, Deputy Head of Direct Investments, Climate Finance at responsAbility: “This transaction with VinFast presents a tangible contribution towards green mass transportation in Vietnam, advancing its transition to a low carbon economy. Together with ADB and co-lenders, we are honoured to support VinFast on its path to implementing smart mobility solutions. We see this as a great example of how our climate finance solutions can provide debt financing across the electric mobility value chain in emerging markets.”

Vietnam’s transport sector accounts for 18% of its annual greenhouse gas emissions. Decarbonizing this sector through options like e-mobility, will contribute greatly to the country’s ambition to achieve net zero emissions by 2050. The financing will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions and to expand high-tech manufacturing industries. VinFast will manufacture and sell e-buses to VinBus to operate them as part of the public transport system in Vietnam. Furthermore, VinFast will expand its network of EV charging stations in Vietnam to drive development of EV support systems and grow the EV ecosystem in Vietnam.

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