Workers manufacture batteries at a VinEF factory. (Photo: VNA)

The package will promote the growth of lithium-ion battery technology and sustainable production of batteries for electric vehicles (EV) in Vietnam, as well as create job opportunities in the supply chain. 

The technical assistance package provided through the Australian Climate Finance Partnership (ACFP) administered by the Asian Development Bank (ADB) is part of the strategic support of the ADB and the Australian government for Vietnam's transition to a low-carbon economy. 

VinES will receive half a million USD from the Australian Department of Foreign Affairs and Trade (DFAT).

Last June, the Australian government invested 50 million USD and ADB provided 950,000 USD of technical assistance to Vinfast  to increase EV use in Vietnam.