Vietnamese electric vehicle (EV) maker VinFast, along with the state-owned Bank Negara Indonesia (BNI) and PT Bank Maybank Indonesia Tbk (Maybank), have signed a long-term syndicated loan agreement valued at IDR 1.85 trillion ($110 million), along with an additional $80 million accordion facility, to finance the construction of VinFast’s EV assembly plant in Subang, West Java, Indonesia.