VinFast Auto Ltd.’s entry into a US$1 billion Standby Equity Subscription Agreement with YA II PN, Ltd.

Rajah & Tann Singapore advised VinFast Auto Ltd. in respect of its entry into a Standby Equity Subscription Agreement with YA II PN, Ltd. for Yorkville’s subscription for ordinary shares for an aggregate subscription amount of up to US$1 billion. VinFast – a member of Vingroup JSC – is Vietnam’s leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures and exports a portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe. Partners Evelyn Wee and Tricia Teo led the transaction.