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2023-12-04

Borrow more, die sooner

US DFC Weighs $500 Million Loan For Vietnam EV Maker VinFast

The US International Development Finance Corp., or DFC, signed a letter of interest with VinFast Auto Ltd. for a possible $500 million loan for the Vietnamese electric-vehicle maker to build a lithium-ion battery manufacturing facility in the Southeast Asian country.VinFast shares gained 2.6% in premarket trading Monday.The loan is subject to DFC’s comprehensive review and approval process, according to a VinFast statement. This is the first project in a series of sustainable transportation deve

US DFC Weighs $500 Million Loan For Vietnam EV Maker VinFast

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This is the first project in a series of sustainable transportation deve","content":"<html><head></head><body><p>The US International Development Finance Corp., or DFC, signed a letter of interest with VinFast Auto Ltd. for a possible $500 million loan for the Vietnamese electric-vehicle maker to build a lithium-ion battery manufacturing facility in the Southeast Asian country.</p><p>VinFast shares gained 2.6% in premarket trading Monday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a96065c1219f1e8362c3f6e92dba818c\" tg-width=\"843\" tg-height=\"622\"/></p><p style=\"text-align: start;\">The loan is subject to DFC’s comprehensive review and approval process, according to a VinFast statement. This is the first project in a series of sustainable transportation development initiatives in the Vietnamese and international markets being discussed by the two parties, the statement said.</p><p>VinFast, which went public in the US in August by merging with blank-check company Black Spade Acquisition Co., in October agreed to sell as much as $1 billion worth of new shares to Yorkville Advisors Global over three years as the company seeks to boost the public float of its US-listed stock.</p><p style=\"text-align: start;\">The EV maker is building a $2 billion manufacturing complex in North Carolina and plans to aggressively move into Southeast Asian markets with factories in Indonesia and India.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US DFC Weighs $500 Million Loan For Vietnam EV Maker VinFast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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