The loan, which will be used to support VinFast s establishment of lithium-ion battery manufacturing facilities in Vietnam, is subject to a comprehensive review and approval process by DFC, the carmaker said in a statement.
Vinfast Shares Yorkville: VinFast, which was founded and almost entirely owned by Pham Nhat Vuong, Vietnam s richest man, made a stellar Nasdaq debut in mid-August following a merger with a blank-check company.