JAKARTA — Việt Nam’s electric vehicle maker VinFast is shifting into high gear in Indonesia after signing a series of Memoranda of Understanding with the country’s leading financial institutions to support the green mobility transition and strengthen the company’s market presence.

The agreements mark an important step in VinFast’s expansion strategy and demonstrate its commitment to making electric vehicle ownership more accessible.

Financial partners include 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.

Under the MoUs, VinFast and its partners will coordinate communication activities, standardise operational procedures and streamline credit assessment and approval processes to deliver a smoother customer experience. The finance companies will also offer preferential loan packages with competitive rates, low down payments and quicker processing to help reduce financial barriers for EV buyers.

Both sides will jointly develop tailored financial products for VinFast’s Battery-Included and Battery Subscription ownership models, expanding options for individuals and businesses. They also plan to integrate insurance services, extended warranties and aftersales financial solutions to build a more comprehensive support ecosystem.

Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, said the collaboration reflects the company’s customer-centric approach and its commitment to accelerating Indonesia’s green transition.

VinFast has rapidly strengthened its foothold in Indonesia since entering the market, with preparations underway for the launch of operations at its Subang assembly plant. The company has also introduced a growing lineup of EVs, including the VF 3, VF 5, VF 6, VF e34 and VF 7, while expanding its dealer and service network and offering flexible sales and financing programmes. — VNS