S&P Global is reporting that Australia’s Acuity Funding is set to lend US$720 million to Nam Song Hau Oil and Gas Investment Trading, for an upgrade. Of note, this is the second big announcement of funding in Vietnam-based projects from Acuity Funding in the last six months. In September it was reported the fund was committed to providing US$450 million in two cemetery projects in Ba Ria – Vung Tau and Vinh Long provinces.
Note that Acuity Funding appears to be a finance brokerage not necessarily the source of funds in and of itself.