Bengaluru : VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Bank of Baroda, India’s leading public sector bank, to provide dealer invoice financing for its exclusive dealer network, delivering a seamless suite of credit solutions that accelerates network expansion and supports VinFast’s growth strategy in the market.

Under the dealer finance tie-up, Bank of Baroda will extend  INR 200 Cr finance to VinFast dealers on flexible terms. The collaboration enables VinFast to leverage Bank of Baroda’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets. It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally.

The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, along with Mr. Madhur Kumar, Chief General Manager – MSME Banking, Co-Lending, and Supply Chain Finance and Mr. D Ananda Kumar, General Manager, Supply Chain Finance BANK OF BARODA at Baroda Corporate Centre, BANK OF BARODA, Mumbai.

Mr. Pham Sanh Chau, CEO of VinFast Asia, shared: “The shift to electric mobility succeeds when customers and dealers have the right tools and support. Our partnership with Bank of Baroda is a step towards building that ecosystem, providing hassle-free financing solutions that make it easier for dealers to manage inventory. By working together, we are ensuring a smoother ownership experience and making EV adoption more reassuring for our customers, while advancing India’s path toward greener transportation.”

Mr. Madhur Kumar, Chief General Manager – MSME Banking, Co-Lending, and Supply Chain Finance, Bank  of Baroda, said: “As EV adoption accelerates, access to financing will play a vital role in driving this transition. Our collaboration with VinFast will offer dealers convenient credit solutions tailored to its premium EV lineup, reflecting the Bank’s broader commitment to sustainability. Such partnerships also help us empower our customers to achieve their green mobility aspirations with ease”.

After just one year of presence, VinFast has steadily made its mark in India’s electric vehicle market through a long-term development strategy, a premium product portfolio, and the establishment of a comprehensive electric vehicle ecosystem covering manufacturing, retail, charging infrastructure, and after-sales services. With a firm commitment to innovation, sustainable development, and a user centric approach, VinFast continues to contribute to the transition toward green mobility and the long-term growth of India’s automotive industry.