VinFast Auto (VFS) is in discussions to get a loan of up to $200 million from Indian state-owned banks ahead of its debut in that market, Bloomberg News reported Thursday, citing people familiar with the plan.
The Vietnamese electric vehicle maker is in talks with Central Bank of India and Union Bank of India, among others, for the loan, the unnamed sources told the news outlet.
The loan is part of an initial tranche of VinFast's planned $500 million investment in India, according to the report.
The company did not immediately respond to MT Newswires' request for comment.
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