SACE backs $200 million buyer credit for VinFast Vietnam
The Italian export credit agency has guaranteed a $200 million financing for VinFast Vietnam arranged by three international banks.
SACE, Italy's export credit agency, has guaranteed a $200 million buyer credit facility for VinFast Vietnam JSC, as announced on 15 September 2026.[2][4]
Barclays, BNP Paribas and HSBC acted as the arranging banks on the facility, with HSBC serving as coordinator.[1][2]
The deal was structured under SACE's Push Strategy programme, which the agency says is intended to open Vietnamese export opportunities for Italian suppliers.[1]
According to the announcement, the financing will support VinFast's investment and research and development activity, including spending related to electric vehicles, as general corporate purposes.[3][4]
Separately, Vingroup's board approved guarantees securing the foreign bank loan to VinFast Vietnam at a resolution dated 27 August 2026.[5]
The guarantee from SACE S.p.A. backs that loan from foreign banks to the Vietnamese automaker.[5]
Sources
- Deal announcement, 21 Sep 2026 (2 announcements): [1] Italy's export-credit agency guarantees $200M loan for Vietnam's EV maker VinFast - TNGlobal, [2] VinFast Financing Opens Italian Supply Route
- Deal announcement, 16 Sep 2026 (2 announcements): [3] VinFast Vietnam has just raised $200 million in foreign capital., [4] VinFast steps into real estate with stake in massive Hanoi project
- [5]Deal announcement: Vingroup Announces New Financial Obligations for VinFast, Backed by Italian Guarantee