The facility, GELEX Infrastructure’s debut offshore US dollar syndicated financing, will support the company’s medium-term investment requirements and expansion plans. The transaction was more than twice oversubscribed, attracting participation from 19 financial institutions, including HSBC.

GELEX Infrastructure is a key subsidiary of GELEX Group, a leading Vietnamese conglomerate with strong positions in electrical equipment manufacturing and industrial production. GELEX Infrastructure focuses on infrastructure development, industrial parks, utilities and energy-related businesses. The facility strengthens the company’s funding capacity across its core business areas, supporting the development of essential infrastructure and contributing to Vietnam’s broader economic activity and long-term growth.

Tim Evans, CEO and Head of Banking at HSBC Vietnam, said: “Completing this syndicated term loan shows what can be achieved when partners move quickly and work closely together. Despite uncertain market conditions and a tight timetable, we brought together a broad group of lenders and delivered a solution tailored to GELEX Infrastructure’s medium-term investment needs. We are proud to support Vietnamese corporates as they expand and contribute to Vietnam’s long-term growth.”

Le Tuan Anh, Chairman of GELEX Infrastructure Joint Stock Company, said: “This milestone marks an important step in GELEX Infrastructure’s international capital mobilisation strategy and reflects the confidence of the global financial community in our governance, financial strength and long-term vision.

“By executing large-scale transactions with international partners, we are strengthening our ability to connect with global funding sources and support our long-term growth priorities, while contributing to Vietnam’s continued economic development.”

The transaction was executed within a tight timeframe and amid volatile market conditions, reflecting HSBC’s syndication and execution capabilities and reinforcing the bank’s role in connecting Vietnamese clients to offshore liquidity. It also highlights how Vietnamese corporates are accessing international capital, as more local groups diversify funding sources and tap offshore syndicated markets to support long-term investment. The deal underscores continued lender interest in Vietnam.

Vietnam showcases investment potential at HSBC global summit

Deputy Minister of Foreign Affairs Nguyen Minh Hang attended the second HSBC Global Investment Summit (GIS) in Hong Kong (China) on March 25-26, where she delivered a keynote address at the seminar "Vietnam – the next investment destination."