Sace provides a $200 million guarantee for VinFast, the Vietnamese automotive giant
The operation forms part of the Push Strategy programme, an initiative developed by the Ministry of Economy and Finance’s export credit agency to provide financing to major foreign importers in exchange for their commitment to purchase goods and services from Italia
from our correspondent Marco Masciaga
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NEW DELHI - Sace announced on 16 September that it had guaranteed a $200 million loan to VinFast – the company owned by Vietnamese conglomerate Vingroup, which operates in the automotive sector – with the aim of increasing export opportunities for Italian companies into the most dynamic economy in South-East Asia.
The operation forms part of the Push Strategy programme, an initiative developed by the Ministry of Economy and Finance’s export credit agency to provide financing to major foreign importers in exchange for their commitment to purchase goods and services from Italia. “Vietnam,” explains Marco della Seta, Italia’s Ambassador to Hanoi, “is growing rapidly, and its openness to international finance enables Vietnamese businesses to access capital and expertise.”
The boom in the Vietnamese economy
Although the target of 10 per cent growth between now and 2030 remains a long way off, the Vietnamese economy is growing faster than any other in the region. According to official estimates, last year GDP recorded a solid +8% compared with 2024, a significantly faster pace than that of Malaysia (5.2%), Indonesia (5.1%) and Singapore (5%).
Despite the backdrop of growing global uncertainty, the first six months of 2026 saw no major setbacks for the economy of Hanoi, which grew by 8.39 per cent in the second quarter, accelerating from the 7.8 per cent recorded in the previous three months.
Growth was underpinned by robust industrial production, resilient domestic demand, substantial inflows of foreign investment and increased public spending on infrastructure. However, the rise in energy import costs contributed to a widening of the country’s trade deficit.
