VinFast Joint Stock Co., a Vietnamese automotive manufacturer, intends to raise $2.5 billion in grant and loan investment.
Under the deal, the company will receive $1 billion and 500 million, from an angel and its parent company Vingroup Joint Stock Co., respectively, via non-refundable grants.
Moreso, Vingroup plans to loan up to a further $1 billion to VinFast with a maximum tenor of five years while the angel investor's fund will be donated within the next year.
The latest financing will enable VinFast to have access to additional resources to boost its development and accelerate its growth objectives in the international market.