VinFast and Indonesia’s state-owned Bank Negara Indonesia (BNI) have signed a memorandum of understanding to enhance the adoption of electric vehicles in Indonesia.

This agreement was formalized during the Vietnam-Indonesia High-Level Business Dialogue on Mar. 11, attended by Vietnamese and Indonesian officials.

BNI will provide financial solutions and advisory support to VinFast, whereas VinFast will offer special pricing and financing options for BNI employees and partners.

Additionally, both organizations will conduct public awareness campaigns to promote EV adoption.

VinFast, a subsidiary of Vietnam’s Vingroup JSC, has recently entered the Indonesian market. The company is establishing assembly plants and expanding its dealership network.

Recent VinFast developments