The facility is 90% guaranteed by Export Finance Australia (EFA), Australia’s export credit agency (ECA). Under the transaction, HSBC acted as ECA Coordinator, Mandated Lead Arranger, Facility Agent, Security Agent and Original Lender. The facility provides local currency financing aligned to Nutifood Nutrition Food JSC (Nutifood)’s funding needs while benefiting from EFA cover.

Structured in Vietnamese dong to align with Nutifood’s funding requirements, the transaction demonstrates how export credit agency-backed financing can support socially impactful infrastructure projects while enabling more resilient local-currency funding solutions for Vietnamese corporates.

The deal also marks several important market milestones, including the first-ever ECA-supported VND-denominated financing, the first ECA-backed transaction booked onshore by HSBC Vietnam, and HSBC’s first EFA-guaranteed project-related corporate loan under EFA’s Indo-Pacific Sustainable Infrastructure mandate.

Tim Evans, CEO and Head of Banking, HSBC Vietnam, said the facility highlights the bank’s ability to combine export credit agency support with local-currency financing solutions tailored to clients’ needs while contributing to projects with meaningful community impact.

"We’re proud to support Nutifood on a landmark social infrastructure initiative that will enhance connectivity in central Ho Chi Minh City,” he said. 

According to Evans, the transaction also establishes an important benchmark for the market by introducing an innovative financing structure that broadens access to sustainable infrastructure funding across the region.

Tran Bao Minh, vice chairman of Nutifood’s Board of Directors, emphasised that the group í committed to creating not only economic value but also long-term social benefits through sustainable business development. He noted that the partnership and support from internationally recognized institutions such as HSBC and EFA reinforce Nutifood’s strategic direction and long-term vision.

Meanwhile, John Hopkins, managing director and CEO of EFA, underscored that the transaction demonstrates how international financial institutions can collaborate to support critical infrastructure developmentm and to strengthen commercial ties with local enterprises.

“This project demonstrates how EFA can work with international banking partners to support important infrastructure development, while fostering deeper commercial relationships with local corporates that benefit Australian businesses”, said EFA Managing Director & CEO John Hopkins.

He also highlighted Nutifood’s growing business links with Australia, including its recent joint venture with ViPlus Dairy to produce GippsNature-branded products using premium Australian dairy ingredients.

HSBC and Nutifood have maintained a banking relationship for more than two decades, with the bank continuing to support the company through a broad range of financing and trade solutions. The latest transaction further reinforces HSBC’s role in delivering innovative financial structures tailored to the evolving needs of the Vietnamese market.

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