VinFast has entered into a series of Memoranda of Understanding (MOUs) with several major Indonesian financial institutions as part of its efforts to promote the adoption of electric vehicles in Indonesia. The agreements were signed with PT Adira Dinamika Multi Finance Tbk, PT Bank Woori Saudara Indonesia, PT CIMB Niaga Auto Finance, PT Mandiri Tunas Finance, PT Maybank Indonesia Finance, and PT Sunindo Kookmin Best Finance.
According to VinFast, these partnerships aim to improve cooperation in areas such as communication and marketing while standardizing operational processes between the companies. This is expected to make credit assessment and approval procedures more efficient for customers.
The financial partners involved have agreed to develop loan programs that feature competitive interest rates, low down payment options, and faster credit approvals. These measures are designed to lower financial barriers for consumers interested in purchasing electric vehicles and expand VinFast’s customer base in Indonesia.
Additionally, the parties plan to create tailored financial products for two ownership models offered by VinFast: the Battery-Included plan and the Battery Subscription plan. They will also look into integrating automotive insurance products, extended warranties, and other aftersales services to provide a comprehensive set of financial solutions for customers.
Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, stated at the signing ceremony: “We are honored to collaborate with Indonesia’s most reputable banks and finance partners to bring customers convenient, competitive, and comprehensive financial solutions. This partnership is not only an important step in our business strategy but also a testament to VinFast’s ‘Customer-Centric’ philosophy and our commitment to accelerating the green transition in what we proudly call our ‘second home market.’”
Since entering Indonesia’s market, VinFast has positioned itself as a leading player in the country’s electric vehicle sector. The company is preparing for operations at its Subang assembly plant and has launched several electric vehicle models targeted at urban users. It continues expanding its network of dealers and service centers while offering flexible sales programs—including battery subscription policies—and guarantees on resale value.
