VinFast Auto has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI), the country’s largest bank, to provide inventory financing solutions for its exclusive dealership network.
Under the agreement, SBI will offer financing to VinFast’s exclusive dealership network with preferential terms. This support package provides dealers with attractive interest rates, flexible repayment options, and tailored credit solutions.
This partnership enables VinFast to leverage SBI’s extensive branch network and digital platform to reach customers in both major cities and emerging markets. It marks a significant step in VinFast’s long-term goal of promoting green mobility in India, one of the world’s fastest-growing electric vehicle markets.
The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia; Mr. Anindya Sunder Paul, Deputy Managing Director of the State Bank of India; and Mr. Debasis Mohanty, Chief General Manager of SME & SCF.
Mr. Pham Sanh Chau, CEO of VinFast Asia, stated: “VinFast believes that a robust electric vehicle ecosystem must be built on two pillars: engaged customers and empowered dealers. Our partnership with SBI is a crucial step in strengthening our dealership network, providing them with access to convenient and flexible credit. By collaborating with one of India’s most prestigious financial institutions, VinFast is establishing a solid financial foundation, enabling dealers to expand their operations and serve customers with confidence. Together, we are laying the groundwork for a sustainable ecosystem that drives the growth of electric vehicles across India.”
Commenting on the partnership, Mr. Anindya Sunder Paul, Deputy Managing Director of the State Bank of India, said: “As electric vehicle adoption accelerates, access to financing will play a pivotal role in driving this transition. Through our collaboration with VinFast, SBI is offering flexible credit solutions tailored to VinFast’s premium electric vehicle lineup, while reinforcing our commitment to sustainable development. This partnership also empowers customers to embrace green mobility more seamlessly.”
Recently, VinFast launched its premium electric vehicle models, VF 6 and VF 7, in the Indian market. This agreement underscores VinFast’s relentless efforts to establish a strong presence and cater to customers in the country.
TH (Tuoitrethudo)
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