VinFast Trading and Production Limited Liability Company (VinFast) has entered into a US$950 million financing agreement guaranteed by Euler Hermes, the German Export Credit Agency (ECA), to support the country's first automotive and motorcycle manufacturing complex in Dinh Vu, Cat Hai, Hai Phong with Credit Suisse AG (Credit Suisse) and The Hongkong and Shanghai Banking Corporation (HSBC).

The financing package is an up to 12-year US$950 million Hermes-covered buyers' credit facility for the payment of machinery and equipment from nine German suppliers. Credit Suisse and HSBC are the joint mandated lead arrangers of this guaranteed term loan.

Le Hoai Anh, managing director, investment banking & capital markets, Credit Suisse, says, "Credit Suisse is pleased to jointly lead and arrange this significant transaction for VinFast. The capital raised through this financing supports VinFast on its inspiring journey to position itself as a global automotive manufacturer."

Pham Hong Hai, CEO of HSBC Vietnam, says, "We are proud to be part of this landmark deal with VinFast to support their journey to introduce the first made in Vietnam cars."

In August of 2018, VinFast also completed syndication of a debut US$400 million term loan facility led by four international banks. The syndication was participated by over ten Asian and European banks.