Vingroup Joint Stock Company sought collateral bank instruments in the form of Proof of Funds (POF) and Standby Letters of Credit (SBLC) to support its financial partnerships in Japan. With financial transactions totaling approximately $940 million USD, securing these collateral instruments was crucial to bolstering confidence among its financial partners and ensuring the smooth execution of business initiatives.

• Engagement with MUFG: Vingroup Joint Stock Company engaged MUFG, a leading global financial institution, to arrange collateral bank instruments in the form of POF and SBLC.
• Collateral Instrument Issuance: MUFG facilitated the issuance of POF and SBLC on behalf of Vingroup Joint Stock Company, providing the necessary financial assurance to its financial partners in Japan. These collateral instruments, totaling approximately $940 million USD, served as a testament to Vingroup’s financial stability and commitment to its business partnerships.

• Successful Collateral Instrument Issuance: With the support of MUFG, Vingroup Joint Stock Company successfully obtained the required collateral bank instruments, bolstering confidence among its financial partners in Japan and facilitating the execution of business initiatives.
• Strengthened Financial Partnerships: The issuance of POF and SBLC enhanced Vingroup’s credibility and reliability as a business partner, strengthening its financial partnerships in Japan and laying the foundation for future collaboration and growth.
• Strategic Collaboration: The collaboration between Vingroup Joint Stock Company and MUFG underscores the importance of strategic partnerships and financial expertise in navigating complex financial transactions and fostering business growth in the dynamic landscape of Vietnam and Japan.