Vingroup has just been named “The Best Issuer in Sustainable Finance in 2022”. At the same time, Vingroup and its subsidiary VinFast also jointly received the “Best Green Loan” award from The Asset Triple-A Country Awards. With these two prestigious awards, Vingroup has affirmed its pioneering role in sustainable investment and international finance.
Why was Vingroup recognized at the awards?
The Asset Triple-A Country Awards is one of Asia’s most prestigious financial awards with a history of over 20 years, attracting the participation of major issuers and financial institutions from 18 countries. They are held annually, with an objective and independent evaluation process by a council of leading international finance, banking and capital markets players.
Overcoming many candidates, Vingroup was awarded the “Best Issuer for Sustainable Finance in 2022” award, an award recognizing the commitment to sustainable finance and implementing effective activities towards the UN’s 17 sustainable development goals.
Vingroup and VinFast were also honored in the “Best Green Loan” category for a US$500m syndicated term loan (US$400m for Vingroup and US$100m for VinFast). Although this is the first syndicated green loan financing from Vietnam, Vingroup and VinFast drew strong interest from the market very quickly, allowing the borrowers to increase the total facility amount from $300m to $500m, marking a new milestone in the Group’s fund raising track record.
What does the recognition mean for Vingroup?
Nguyen Viet Quang, Vice Chairman and CEO at Vingroup said: “The Asset Triple-A’s award affirms Vingroup’s prestige in the international capital market and our long-term commitment to sustainable development in Vietnam. It serves as a vote of confidence from international investors in the Vietnamese capital markets and particularly Vingroup and VinFast.”
Recognitions awarded to Vingroup and VinFast demonstrate the partnership and trust from international financial institutions and lenders in our sustainability efforts. Most prominently, VinFast aims to become a global smart electric vehicle manufacturer to promote green private and public passenger transportation in Vietnam and our international markets.