New Delhi, September 25, 2025 – VinFast Auto India, a subsidiary of global EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with the Central Bank of India (CBI) to provide tailored retail car financing solutions through its exclusive dealer network. This strategic partnership aims to make electric vehicle (EV) ownership more accessible by offering customers a seamless suite of credit options across VinFast’s entire product portfolio.

Seamless Financing for EV Buyers

Under the agreement, customers will benefit from attractive interest rates, flexible repayment options, zero processing charges, priority services, and exclusive offers. Dedicated CBI representatives will be present at all VinFast showrooms to provide on-site support, ensuring a smooth and convenient buying experience.

By leveraging the Central Bank of India’s vast network of 4,552 branches and 21,000+ touchpoints nationwide,VinFast will be able to extend its financing reach across both urban centers and emerging markets.

Strengthening EV Adoption in India

The MoU was formally signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, and Mr. Vivek Kumar, General Manager – Retail Assets Department, Central Bank of India, in the presence of CBI’s Executive Directors Mr. Vivek Wahi, Mr. M V Murali Krishna, and Mr. Mahendra Dohare.

Commenting on the partnership, Mr. Pham Sanh Chau said:

“Our collaboration with the Central Bank of India, one of the nation’s most trusted banks, is a significant step in building a strong foundation for VinFast’s growth in India. With CBI’s unmatched reach and our premium EV portfolio, we will make VinFast vehicles more accessible across urban and rural markets, offering a seamless and holistic EV ownership journey.”

Shri Vivek Wahi, Executive Director, Central Bank of India, added:

“As India marches towards its Net Zero Emission vision, clean energy and innovative finance will be driving forces. This alliance with VinFast reinforces our commitment to eco-friendly initiatives and green financing. With a growing green portfolio of ₹4,200 crore and plans to extend ₹1,600 crore in FY 2025–26, this partnership is a step towards a cleaner India.”

VinFast’s Growing Footprint in India

The agreement comes as VinFast introduces its VF 6 and VF 7 models and follows the recent inauguration of its EV assembly plant in Tamil Nadu.