The partnership is also expected to significantly bolster the sales network and accelerate Indonesia's green mobility transformation.

Under the terms of the Dealer Financing Cooperation Agreement, BCA is fully committed to offering flexible credit facilities tailored for VinFast's entire dealer network. This crucial funding is designed to facilitate the procurement of VinFast electric vehicles and genuine parts, thereby ensuring a stable supply chain. 

The credit facilities are diverse, encompassing a regular ceiling for consistent operational needs, along with seasonal ceilings for peak demand periods or bulk purchases of vehicles and parts. This tailored approach serves to address varied business needs, enabling dealer partners to optimise cash flow and to manage inventory effectively.

Furthermore, both sides have collaboratively developed favourable payment terms and efficient financial processes to empower dealer partners with greater autonomy in managing their cash flow and accelerating capital turnover. As a result, fund disbursements and account management has become quicker and more convenient, while simultaneously minimising complex paperwork, allowing dealers to focus intensely on their core business operations.

The primary objective of this strategic collaboration is to provide optimal financial accessibility for VinFast dealers to propel the expansion of the distribution network and strengthen VinFast's presence across the Indonesian electric vehicle market.

Denny Haryanto, senior vice president of Corporate Banking at BCA, emphasised that as one of Indonesia's private financial institutions, the financial institution is dedicated to supporting and driving the nation's long-term economic growth, particularly within the burgeoning electric vehicle sector.

“By providing credit facilities to VinFast's dealer partners, BCA is not only contributing to the electrified transportation industry but also enabling 'green enterprises' to pursue sustainable development. We are committed to supporting the government's energy transition programme and emission reduction targets," he noted.

Meanwhile, Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, said, "We are proud to partner with the esteemed financial institution BCA on our journey to penetrate the Indonesian market. This Dealer Financing Cooperation Agreement will grant our dealers essential access to capital, enabling them to expand operations. Through this, VinFast reaffirms our strong commitment to building and nurturing a comprehensive green transformation ecosystem.”

“With BCA's financial backing, we and our dealer partners are confident in bringing VinFast electric vehicles closer to Indonesian consumers, contributing significantly to the nation's sustainable development goals," he stressed.

VinFast has made significant strides in Indonesia in just over a year since initially entering the market. The company offers a diverse product range covering the most popular segments, including the VF 3 (mini SUV), VF 5 (A-segment), VF 6 (B-segment), and VF e34 (C-segment).

VinFast is also aggressively expanding its dealership network in Indonesia, with 21 showrooms being established across key cities, including Jakarta, Bandung, Surabaya, and Bali.

Moreover, the company is committed to enhancing local production and supporting the Indonesia's EV industry through its upcoming assembly plant located in Subang.

VinFast to establish over 100 service centres in Philippines

Vietnam’s electric vehicle (EV) manufacturer VinFast on May 13 announced a partnership with four major Philippine firms to establish more than 100 authorised service centres across the country in 2025.