{
  "id": 7989504,
  "title": "SACE announces 200 million financing for VinFast Vietnam",
  "url": "https://urgent.news/2026/09/17/sace-announces-200-million-financing-for-vinfast-vietnam",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T08:52:32.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/sace-announces-200-million-financing-for-vinfast-vietnam-161008.html"
  },
  "original_language": "en",
  "account": "On September 15, VinFast Vietnam, a subsidiary of VinFast Auto and a key player in the global green mobility sector, secured a substantial $200 million financing deal. Barclays Bank, BNP Paribas, and HSBC served as Mandated Lead Arrangers, Bookrunners, and Lenders for the financing. HSBC also played crucial roles as ECA Coordinator, Facility Agent, Security Agent, and Offshore Account Bank.\n\nSACE, a prominent entity in the Italian insurance and finance sector, provided a guarantee under its Push Strategy programme. This initiative supports major international companies and buyers while fostering commercial relationships with Italian suppliers. Through this mechanism, SACE aims to promote cross-market collaborations and drive long-term growth for its partners.\n\nThe financing will be utilized for general corporate purposes, including investments, research, and development activities to support VinFast Vietnam's business plan. Marco della Seta, Italy's Ambassador to Vietnam, expressed Italy's confidence in Vietnam's rapidly growing market. He emphasized that opening up to international financing provides Vietnamese companies with access to capital and expertise, thereby creating concrete opportunities for Italian businesses operating in the region.\n\nAccording to Mario Melillo, chief network officer at SACE, this transaction marks a significant milestone in the company's cooperation with Vingroup. Melillo highlighted the effectiveness of the partnership with HSBC and praised Vingroup and VinFast for their strong execution capabilities and clear international ambitions. Through the Push Strategy Programme, SACE seeks to support international groups in their long-term growth while fostering new opportunities for cross-market collaboration.\n\nSACE's CEO, Tim Evans, expressed pride in continuing to work with SACE to bring innovative financing structures to Vietnam. He emphasized that supporting VinFast allows SACE to deepen its engagement in Vietnam, a dynamic and promising market. This deal is the fourth completed by HSBC with SACE in Vietnam, and both parties look forward to building on this partnership to support Vietnamese corporates as they contribute to the country's strategic objectives.\n\nGELEX Infrastructure secured a $40 million SACE Push loan for a facility, completing an international financing transaction worth $79 million. This marks a significant step in deepening Italy's ties with Vietnam as major industrial players like Gelex and THACO AGRI receive support from SACE and other international partners.",
  "summary": "Italy s export credit agency SACE has announced a 200 million financing facility for VinFast Vietnam marking a significant milestone under its New Push Strategy programme",
  "key_points": [
    "VinFast Vietnam secures $200 million financing deal.",
    "SACE provides guarantee under Push Strategy programme.",
    "HSBC acts as ECA Coordinator and Facility Agent."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}