MoU brings 100% on-road funding, flexible repayment, and priority banking services to VinFast customers and dealers
Gurugram, Haryana, September 18, 2025: VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with ICICI Bank, one of India’s leading private sector banks, to provide comprehensive auto and inventory financing solutions for its exclusive dealer network. The partnership comes alongside the company’s recent launch of its VF 6 and VF 7 electric SUVs in India.
Under the agreement, VinFast customers will benefit from a wide range of tailored financing options, including 100% on-road funding, attractive interest rates, flexible repayment plans, and priority banking services across the company’s full product portfolio. ICICI Bank representatives will be stationed at VinFast showrooms nationwide, ensuring customers enjoy seamless financing support and an enhanced ownership experience.
The collaboration also strengthens VinFast’s dealer ecosystem by offering inventory financing, enabling partners to scale more effectively. By leveraging ICICI Bank’s vast branch network and digital platforms, the initiative aims to make EV ownership more accessible across both urban and emerging Indian markets.
Pham Sanh Chau, CEO of VinFast Asia, said: “Driving home an electric vehicle should be an exciting and effortless journey, and accessible financing plays a vital role in making that possible. By joining hands with ICICI Bank, we are empowering our customers with flexible and efficient financing options, while equipping our dealers with the resources they need to scale. Our goal is to create value not just at the point of purchase but throughout the entire ownership journey, while advancing a new era of mobility that is clean, convenient, and inclusive.”
Munish Gaur, Product Head – Vehicles, ICICI Bank, added: “As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast will provide customers with convenient credit options for its premium EV lineup and reflects the Bank’s broader commitment to helping customers achieve their green aspirations with ease.”
The partnership underscores VinFast’s growing presence in India, marked recently by the inauguration of its EV assembly plant in Tamil Nadu—a milestone in its long-term strategy to establish a robust and customer-centric footprint in one of the world’s fastest-growing EV markets.
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, is a pure-play electric vehicle manufacturer committed to making EVs accessible worldwide. Its diverse lineup includes electric SUVs, e-scooters, and e-buses. The company is rapidly expanding its global distribution, dealership networks, and manufacturing capacities across North America, Europe, and Asia.
About ICICI Bank
ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK, NYSE: IBN) is one of India’s largest private sector banks, with total assets of ₹21,23,839 crore as of June 30, 2025. The bank offers a comprehensive range of banking products and financial services to retail and corporate customers across India and overseas.
