VinFast Partners with 12 Banks to Drive Ha Noi's EV Shift

VinFast has partnered with 12 major banks and financial institutions to accelerate Ha Noi’s transition from petrol to electric vehicles, offering a comprehensive financing and incentive program for electric car and motorbike buyers.

The initiative supports Viet Nam’s broader green goals and highlights a growing collaboration between businesses, banks, and the government in promoting sustainable transport solutions.

Under the cooperation, customers are provided with loans for up to 90 per cent of a car's price with repayment periods of up to eight years and interest rates 3 to 4 percent lower than the market average for the initial three years.

Key Highlights:

• VinFast partners with 12 leading banks to offer up to 90 percent financing and 8-year loan terms for EV buyers in Ha Noi
• Interest rates offered are 3 to 4 percent lower than market average for the first three years; additional benefits for Green SM Platform users
• Initiative supports Vietnam’s green goals with zero down payment, price cuts, and registration fee waivers for electric motorbike buyers

Such partner financial institutions are Vietcombank, Vietinbank, BIDV, MBB, Techcombank, VPBank, HDBank, Sacombank, TPBank, MSB, Lotte Finance and Shinhan Finance, all being key contributors to promoting green finance in Vietnam.

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Ha Noi buyers of VinFast electric vehicles can secure loans for up to 80 per cent of the vehicle value. Buyers on the Green SM Platform enjoy an extra 4 per cent interest rate discount and a 90 per cent revenue share for three years. Buyers of electric motorbikes enjoy no down payment financing, plus a 10 per cent price reduction and exempt registration fee until 24 October.

“We give preference to projects with community and environmental value. Team up with VinFast reflects our will for sustainable development," Le Viet Duc, Director of the Retail Banking Division Vietinbank's mentioned. Seconding this view, Le Khac Hiep, Vice Chairman of Vingroup said, "Green transformation is collective responsibility. This partnership embodies the common will to build a better future for everyone.”