VinFast Auto (NASDAQ:VFS) is actively seeking a bank loan estimated at $250 million to support the construction of its new assembly plant in Subang, Indonesia.

The enterprise, which is a part of the Vietnamese conglomerate Vingroup JSC and led by Pham Nhat Vuong, is exploring funding options through Indonesian banks.

Sources close to the matter indicated a preference for either a dollar-denominated loan or one in local currency, although details remain confidential as discussions are ongoing.

This strategic move highlights VinFast's aspirations to extend its reach within the Southeast Asian region and to establish a competitive stance against leading global electric vehicle manufacturers.