The plan marks a new step in EVF's strategy to diversify its funding base, expand access to international financial resources, and create additional room for growth in the next phase.

Under a plan approved by EVF's board last Friday, the company expects to conduct a private placement of U.S. dollar-denominated bonds in international markets, with a maximum total face value of $300 million and maturities of at least three years.

The bonds will be non-convertible, will not carry warrants, will be unsecured and will not qualify as subordinated debt.

The offering and issuance are expected to take place in the fourth quarter of 2026, after EVF completes the required procedures and receives necessary approvals from relevant authorities, including the State Bank of Vietnam and the State Securities Commission.

Subject to meeting applicable conditions, the bonds are expected to be offered and issued in Singapore and listed on the Singapore Exchange (SGX).

The actual issue size, maturity, issue price, interest rate and other transaction terms will be determined at the time of the offering based on market conditions and the relevant transaction documents.

EVF is pursuing the international bond plan as it gradually expands its operations and diversifies its funding structure.

For EVF, the planned issue is therefore not simply a fundraising transaction. It is also part of an effort to broaden its funding platform from domestic markets to international sources, in line with its development strategy and funding needs for its next phase of growth.

Under the approved plan, proceeds from the issue are expected to be used for lending to EVF's individual and corporate customers, in accordance with applicable laws and the company's funding needs from time to time.

The funds may be allocated to lending activities across various sectors of the economy, including manufacturing and processing, construction, trade, transport, energy, technology, education, healthcare and other sectors in line with regulations and actual credit demand.

As a financial institution, EVF aims to receive, manage and allocate financial resources to meet customers' funding needs. Expanding its funding sources therefore is not only about the amount raised, but also about its ability to convert those resources into credit supporting production, business operations, investment and consumption in the economy.

Ahead of the planned international bond issue, EVF has expanded relationships with various financial institutions and foreign investors, gradually diversifying its funding sources and increasing its presence in international financial markets.

In addition, after receiving approval from an extraordinary general meeting of shareholders, EVF is working with government authorities and investors to conduct a private placement of shares with a maximum total face value of VND850 billion ($32.7 million).

In 2026, Moody's maintained EVF's corporate credit rating at B2 with a stable outlook, marking the sixth consecutive year the company has retained the rating. Maintaining the credit rating over several consecutive years provides an independent reference point for international partners and investors assessing EVF's credit profile.

Also in 2026, EVF continued to expand cooperation with international development finance institutions. The company received a $20 million loan from Proparco to support climate finance and small and medium-sized enterprises led or owned by women. It also signed a $15 million loan agreement with Finnfund to strengthen long-term funding and expand access to finance for small and medium-sized enterprises.

An EVF management representative said: “Gradually accessing international capital markets is part of EVF's strategy to diversify funding sources and expand its financial capacity for the next phase of development. For EVF, what matters is not only gaining access to a new source of funding, but also building the capacity to receive, manage and use those resources efficiently, based on financial discipline, risk management and transparency.”

Under the approved plan, EVF has appointed Seaport Global (DIFC) Limited as the arranger, Mayer Brown Hong Kong LLP as EVF's international counsel and VTN and Associates Law Firm Co., Ltd. as its domestic counsel.

The transaction will be subject to the necessary approvals from government authorities, international market conditions at the time of the offering, and applicable regulations.

Specific information on the actual issue size, maturity, interest rate, issue price and other terms will be disclosed by EVF in accordance with regulations and the transaction timetable.

If successfully completed, the issue will provide EVF with an additional channel to connect with international investors and further diversify its funding platform.