Vinfast and 12 banks and financial institutions support Hanoi residents to switch to electric vehicles

The alliance of major banks and financial partners cooperating with VinFast to support the capital's people in green transformation includes Vietcombank, VietinBank, BIDV , MBB, Techcombank, VPBank, HDBank, Sacombank, TPBank, MSB, Lotte Finance, Shinhan Finance.

Scene at the signing ceremony. Photo: VF

According to the cooperation agreement, VinFast and banks will jointly develop attractive loan packages and preferential financial solutions, with flexible and simple conditions and procedures to help people easily switch to electric vehicles.

For customers who buy VinFast electric cars and register Hanoi license plates, banks will support installment loans of up to 70-80% of the car price for a maximum period of up to 8 years (according to each bank's own policy). Customers will receive an additional 3% interest rate/year from VinFast and the bank compared to the normal interest rate in the first 3 years.

In addition, if customers buy a car to register for business services on the Green SM Platform, the preferential interest rate support from VinFast and the bank will be 4%/year for the first 3 years. At the same time, drivers will receive a fixed revenue share of 90% from GSM within 3 years. This incentive will be applied simultaneously with other policies of VinFast.

For individual customers who buy electric motorbikes with permanent or temporary residence in Hanoi, if they buy a motorbike to operate on the Green SM Platform, VinFast will immediately give customers 10% of the motorbike price. The remaining 90%, customers can borrow to buy the motorbike in installments within a maximum of 3 years with the guarantee of GSM. Thus, customers do not need to pay the initial counterpart capital but can receive the motorbike immediately with only 0 VND.

If buying an electric motorbike to serve other personal needs, customers in the capital only need to pay 10% of the vehicle price. VinFast will give customers 10%, the remaining 80% customers can borrow to pay in installments within a maximum of 3 years. In particular, from July 24 to October 24, 2025, customers buying VinFast electric motorbikes with permanent or temporary residence in Hanoi will be given 100% of the registration fee immediately.

Vingroup Vice President Le Khac Hiep speaks at the signing ceremony. Photo: VF

Vingroup Vice President Le Khac Hiep shared that green transformation and sustainable development is not the story of a single enterprise, but requires the joint efforts and contributions of society. The response and cooperation of 12 large banks and financial institutions along with companies in the Vingroup green ecosystem is a testament to the consensus of the business community with the common goals of the country.

To facilitate people to switch to electric vehicles, in addition to attractive financial solutions, from July 29, 2025, VinFast and its partners will organize a series of events "Green Festival: Collect gasoline cars - Upgrade to green cars" in Hanoi, Ho Chi Minh City and provinces across the country.

Source: https://hanoimoi.vn/vinfast-va-12-ngan-hang-to-chuc-tai-chinh-ho-tro-nguoi-dan-ha-noi-chuyen-sang-xe-dien-710290.html