Under the dealer finance tie-up, State Bank of India will extend finance to VinFast’s exclusive dealer network on favorable terms. The finance agreement also brings a wide range of benefits for dealers, such as attractive interest rates, flexible repayment options, and other tailored suite of credit solutions.

The collaboration enables VinFast to leverage SBI’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets. It also aligns with the company’s broader goal of accelerating the adoption of sustainable mobility solutions in India, one of the fastest-growing EV markets globally.

The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, along with Mr.Anindya Sunder Paul, Deputy Managing Director, State Bank of India, and Mr. Debasis Mohanty Business, General Manager(SME & SCF). 

Mr. Pham Sanh Chau, CEO of VinFast Asia, shared: “At VinFast, we believe that a vibrant EV ecosystem can be built on two strong pillars, engaged customers and an empowered dealer network. This partnership with SBI marks a crucial step in strengthening our dealer network and empowering them with seamless access to credit solutions. By working with one of India’s largest and most trusted banking institutions, we are creating a stronger financial backbone that supports our dealers in expanding operations and serving customers with confidence. Together, we are laying the foundation for a robust ecosystem that will accelerate the growth of electric mobility across India.”

Commenting on the collaboration, Mr. Anindya Sunder Paul, Deputy Managing Director, State Bank of India, said: “As EV adoption accelerates, access to financing will play a vital role in driving this transition. Our collaboration with VinFast will offer customers convenient credit solutions tailored to its premium EV lineup, reflecting the Bank’s broader commitment to sustainability. Such partnerships also help us empower our customers to achieve their green mobility aspirations with ease.”

VinFast recently launched its premium VF 6 and VF 7 models in India and this partnership highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in the country.

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Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, up to 100% on-road funding, exclusive offers and priority services—applicable across VinFast’s entire product portfolio. Dedicated SBI representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.

The collaboration allows VinFast to leverage State Bank of India’s extensive pan-India network of nearly 23,000 branches to reach customers across urban and emerging markets alike. It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally.

This agreement underscores VinFast’s commitment to simplifying the path to electric mobility for Indian consumers. Through competitive financing options and seamless support, VinFast seeks to enable more customers to experience its EVs at a time when electric mobility is rapidly expanding and becoming an integral part of the nation’s transportation future.

The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, and Mr. Ajay Kumar Jha, General Manager – Retail Loans, State Bank of India.

Mr. Pham Sanh Chau, CEO of VinFast Asia, said, “Our collaboration with the State Bank of India, the nation’s largest and most trusted nationalised bank, is a significant step in building a strong foundation for VinFast’s growth in India. SBI’s unmatched reach and credibility, combined with our premium electric vehicle portfolio, will make VinFast vehicles more accessible to customers across urban and rural markets. This partnership will not only offer convenient and competitive financing solutions, but also extend the brand’s presence to a broader audience, enabling a seamless and holistic EV ownership journey”. 

Shri. G. S. Rana, Deputy Managing Director, Retail-Personal Banking & Real Estate, State Bank of India, said: “As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast will not only provide customers with convenient credit options for its premium EV lineup but also reinforce the Bank’s commitment to building a 7.5% green portfolio by 2030. With over ₹128 crore already raised through Green Deposits for EV loans in FY25, we see partnerships like this as vital catalysts in advancing India’s shift toward sustainable mobility.”

As VinFast gears up for the launch of its VF 6 and VF 7 models, this agreement highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India.  VinFast has also recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy.

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The collaboration allows VinFast to leverage HDFC Bank’s extensive pan-India branch network and digital platforms to reach customers across urban and emerging markets alike. It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally.

The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, and Mr. Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans, HDFC Bank.

Mr. Pham Sanh Chau, CEO of VinFast Asia, shared: “This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers. Partnering with a trusted banking institution like HDFC Bank ensures that we are not only delivering exceptional products and services, but also building the financial ecosystem necessary to support our customers and dealer partners at every step of the journey.”

Speaking on the development, Mr. Arvind Vohra, Group Head – Retail Assets, HDFC Bank said, EV adoption is increasing and financing will play a large role in driving this. The MoU with VinFast is a step in this direction and will enable customers access VinFast’s well known product line through financing options. This is part of the Bank’s larger effort to support customers in meeting their aspirations in a convenient way.”

As VinFast gears up for the launch of its VF 6 and VF 7 models, this partnership highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India.

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Under the agreement, BatX Energies will provide comprehensive high-voltage (HV) battery recycling, material recovery and repurposing services for VinFast India’s factory, and after-sales operations. The process will ensure efficient recovery and reintegration of critical materials such as lithium, cobalt, and nickel into the battery production cycle. This approach supports resource circularity, reduces dependence on mining, and significantly lowers environmental impact.

The collaboration aims to drive localized solutions in line with India’s fast-evolving EV landscape. Through a joint focus on battery lifecycle management and environmental stewardship, VinFast and BatX also seek to deliver scalable and sustainable solutions that benefit both the people and the planet.

More than a technical collaboration, this partnership is a shared commitment to accelerating India’s transition to a cleaner, greener tomorrow. The agreement also opens avenues for future collaboration on second-life applications, urban mining, and strategic material recovery, supporting India and Vietnam’s growing leadership in circular economy solutions. BatX will also ensure traceability of the raw materials and battery recycling.

Speaking on the collaboration, Mr. Pham Sanh Chau, CEO of VinFast Asia, said: “This partnership with BatX Energies is a meaningful step toward building a sustainable, circular battery ecosystem in India. At VinFast, sustainability goes beyond vehicles—it’s about environmental responsibility across the entire lifecycle. By working with BatX, we aim to reduce resource dependency, support national priorities, and set a new benchmark for responsible innovation in electric mobility.”

On the agreement signing, Mr. Utkarsh Singh, CEO of BatX Energies, said: “Our partnership with VinFast reflects a shared belief in responsible innovation and resource circularity to strengthen the EV battery value chain. By enabling sustainable end-of-life solutions for EV batteries, we are building infrastructure that can grow with the industry and create lasting environmental impact.”

As part of its larger mission to build a future-ready EV ecosystem in India, VinFast has been steadily expanding its network of strategic partnerships. Recent alliances with Global Assure for roadside assistance, myTVS and RoadGrid for after-sales service and charging support reflect the company’s commitment to delivering a reliable ownership experience. VinFast is preparing to launch its first two products in India -VF 6 and VF 7 premium electric SUVs. To support this, the company is rapidly advancing operations at its Thoothukudi plant while investing in dealership networks, service capabilities, and charging infrastructure nationwide.

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