Business

VinFast partners with BCA bank to expand EV network in Indonesia

Under the agreement, BCA will offer flexible credit packages to VinFast’s network of dealers in Indonesia. The financial support will help dealers purchase VinFast electric vehicles and genuine parts, with tailored credit limits for regular purchases, peak season needs, and bulk transactions.

The Silver Queen vessel transports nearly 2,500 VinFast vehicles to Indonesia. (Photo: VinFast)
The Silver Queen vessel transports nearly 2,500 VinFast vehicles to Indonesia. (Photo: VinFast)

Hanoi (VNA) – Vietnam’s largest electric vehicle maker VinFast has signed a strategic partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia’s largest private banks, to boost its distribution network and support the growth of the EV ecosystem in the country.

Under the agreement, BCA will offer flexible credit packages to VinFast’s network of dealers in Indonesia. The financial support will help dealers purchase VinFast electric vehicles and genuine parts, with tailored credit limits for regular purchases, peak season needs, and bulk transactions.

Both sides also have collaboratively developed favourable payment terms and efficient financial processes, helping dealer partners reduce paperwork, improve capital turnover, and enhance operational efficiency for local dealers.

Speaking at the signing ceremony, Denny Haryanto, Senior Vice President Corporate Banking BCA, emphasised that as one of Indonesia's private financial institutions, BCA is dedicated to supporting and driving the nation's long-term economic growth, particularly within the burgeoning electric vehicle sector. He underscored BCA’s confidence in VinFast’s development strategy and its intention to contribute to the electrification of transport in Indonesia.

Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, said the partnership with BCA strengthens financial capacity for the dealer network and brings VinFast EVs closer to Indonesian consumers, reinforcing the company's commitment to a comprehensive and sustainable green transition.

Since entering the Indonesian market over a year ago, VinFast has introduced a diverse range of EVs, including the VF 3, VF 5, VF 6, and VF e34, alongside competitive after-sales policies such as free charging, 0% interest loans, and a buy-back guarantee of up to 90% of vehicle value.

The company currently operates 21 showrooms across major cities including Jakarta, Bandung, Surabaya, and Bali, and is expanding its service network through partnerships with Otoklix and BOS, aiming to reach 500 authorised service centres this year.

VinFast is also investing in a new assembly plant in Subang to support local production and contribute to Indonesia’s EV industry. Strategic collaborations with EV taxi firm GSM and charging infrastructure provider V-GREEN further underline VinFast’s leading role in driving a sustainable future in Southeast Asia./.

VNA
#VinFast #BCA bank #electric vehicles #Indonesia #EV industry Indonesia
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