Transportation

VinFast Gets $150 Million Loan From Barclays for Working Capital

A VinFast Auto Ltd. VF 6 electric vehicle on an assembly line at a factory in Thoothukudi, Tamil Nadu, India.Photographer: Dhiraj Singh/Bloomberg

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By Megawati Wijaya and Nguyen Kieu Giang

September 15, 2025 at 7:51 AM UTC

Vietnam’s largest carmaker VinFast Auto Ltd. has secured a $150 million loan from Barclays Plc, as it advances expansion efforts to compete in the global electric vehicle market.

Work on the three-year loan, obtained by the firm’s Singapore unit VinFast Auto Pte., is nearly complete, according to a spokesperson. The loan will be used to support the company’s working capital needs, the spokesperson said.