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VinFast secures local funding for Indonesian BEV plant

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Summary
Nutrition label

72% Informative

VinFast Auto has signed a long-term syndicated loan agreement with Indonesian state-owned Bank Negara Indonesia and Bank Maybank Indonesia .

The basic loan is valued at IDR 1.85 trillion ( US$113 million ) and comes with an additional US$80 million “accordion facility” VinFast broke ground on the Subang BEV plant in July 2024 , which is scheduled to be completed in the second half of 2025 .

VR Score

73

Informative language

74

Neutral language

39

Article tone

formal

Language

English

Language complexity

81

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

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