Watson Farley & Williams (“WFW”) is delighted to announce that a deal the firm advised on has won “Transport Deal of the Year” at The Asset Triple A Sustainable Infrastructure Awards 2023.
The award-winning deal involved WFW advising the Asian Development Bank (“ADB”) on a US$135m financing package for VinFast Trading and Production Limited Liability Company (“Vinfast”). This was a financing project to create Vietnam’s first fully electric public transport bus fleet and first national electric vehicle (EV) charging network. A cross-border WFW team based in Hanoi and Hong Kong acted as ADB’s international and local Vietnamese counsel.
Based in Hong Kong, The Asset is a well-known business news and research organisation, delivering authoritative, unbiased and independent coverage on Asia’s financial sector. To support of the importance of infrastructure in Asia, The Asset Triple A Sustainable Infrastructure Awards honours the institutions and the deals in Asia that made a difference during the review period covering January to December each year.
Lead Partner Matt Lorimer commented: “We are delighted that this transaction has received recognition and we are pleased to have worked with ADB and Vinfast to support the financing of a project which delivers a high-impact transport solution for Vietnam”.
Asia Projects & Corporate Group Head Linh Doan commented: “Sustainability and infrastructure is key to WFW’s business strategy and values, so it was a great transaction for our team to get involved in where we were able to support our client on this award-winning infrastructure deal. Congratulations to everyone involved”.
