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August 11, 2025

VinFast picks HDFC Bank as financing partner

VinFast Auto India on Monday said it has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. The two partners have signed a Memorandum of Understanding (MoU) for the same, the company, a subsidiary of Vietnam's EV maker VinFast, said in a statement. "The partnership, VinFast's first with a banking institution in India, aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch," it added. VinFast Asia CEO Pham Sanh Chau said, "This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers." HDFC Bank Group Head - Retail Assets Arvind Vohra said EV adoption is increasing and financing will play a large role in driving thi

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