VinFast Signs MoU With HDFC Bank for Vehicle Financing in India

VinFast, the Vietnam-based electric vehicle manufacturer, has taken a major step towards its India entry by signing a memorandum of understanding with HDFC Bank. This collaboration aims to provide auto and inventory financing solutions for the company’s exclusive dealer network across the country.

VinFast Partners With HDFC Bank To Support Dealer Network

VinFast’s India unit signed the MoU with HDFC Bank on August 11, marking its first partnership with a lender in India. The agreement will help the company provide financing support to its dealers ahead of the launch of its upcoming electric vehicle models.

Expanding Reach Through HDFC Bank’s Network

The collaboration will allow VinFast to leverage HDFC Bank’s pan-India presence and extensive digital customer base. This strategic move will help the company reach both urban centres and emerging markets, ensuring accessibility and convenience for its dealer partners.

Leaders Highlight The Significance Of The MoU

The MoU was signed by Pham Sanh Chau, CEO of VinFast Asia, and Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans at HDFC Bank.
Pham Sanh Chau stated that the agreement represents a milestone in making electric mobility more inclusive and convenient for Indian customers, while also building the financial ecosystem to support the brand’s growth in the country.

Preparing For VF6 And VF7 Launch In India

VinFast has confirmed that this partnership reflects its long-term commitment to establishing a strong presence in India. The launch of its VF6 and VF7 electric vehicle models is expected soon, indicating that the company is preparing for an active market entry.

HDFC Bank Share Price Performance 

At 3:05 PM on August 11, 2025, HDFC Bank share price was trading at ₹1,995.10, a 1.07% increase. 

Conclusion 

VinFast’s collaboration with HDFC Bank marks a notable step in its India journey, focusing on building a robust dealer network. The move reflects its preparation for the upcoming VF6 and VF7 model launches.

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