VinFast gets $150 Million loan from Barclays for working capital

Core Viewpoint - VinFast Auto Ltd. is actively pursuing expansion in the global electric vehicle market, securing significant loans to support its growth initiatives [1][2][3][4] Group 1: Financing Activities - VinFast has secured a $150 million loan from Barclays Plc to support its working capital needs [1] - The company is also set to announce a $200 million loan from Indian state-owned banks, following a $510 million private credit loan obtained in July and a $112 million syndicated facility secured in April for a factory project in Indonesia [3] Group 2: Market Expansion - Despite facing stiff competition from Chinese manufacturers and other challenges, VinFast is focusing on international growth, recently launching its first electric vehicles in India [2] - The company is prioritizing its expansion in Asia over North America and Europe, having opened its first overseas factory in Tamil Nadu, India, with an initial production capacity of 50,000 vehicles per year [4] - VinFast plans to open a plant in Indonesia by October, further solidifying its commitment to expanding its manufacturing footprint in Asia [4]