Latest news with #VinFast
India Today
10 hours ago
- Automotive
- India Today
Vietnam's Indian ambition
VinFast, part of the Vietnamese conglomerate VinGroup, will be launching two electric SUVs in India later this month. The VF6 and VF7 will be made in India at its new state-of-the-art plant in Thoothukudi, Tamil Nadu.
Malay Mail
21 hours ago
- Automotive
- Malay Mail
Green SM recognized for green leadership at AREA 2025
Ms. Phan Thi Hong Dung – Director of Training and Culture Development at GSM (center) represented the company to receive the award at the event. BANGKOK, THAILAND - Media OutReach Newswire - 28 June 2025Founded in 2011 by Enterprise Asia, AREA is among the most respected awards in Asia for corporate sustainability, innovation, and social responsibility. The 2025 theme, "A Necessary Shift to a Regenerative Economy," highlights the growing expectation for businesses to restore ecosystems and deliver sustainable value to SM stood out in the Green Leadership category for its scalable and inclusive approach to electrifying urban transport. The company operates its own fleet of electric vehicles, while also offering a technology platform – the Green SM Platform, allowing individual VinFast EV owners to join the service. In addition, Green SM also partners with traditional taxi operators to support their transition to electric vehicles. Together, these three components form a flexible, open ecosystem that accelerates the shift toward green mobility in Vietnam and at the award award marks a significant milestone in Green SM's broader "Go Green Global" journey. This recognition goes beyond a single Vietnamese enterprise. It reflects Vietnam's growing potential to drive innovation, scale impactful solutions, and contribute a long-term ecosystem perspective to the global green just two years, the company has expanded beyond Vietnam into Laos, Indonesia, and the Philippines, completing more than 300 million trips, covering 1.7 billion zero-emission kilometers. The total reduction in CO₂ emissions is estimated at over 211,000 tons, equivalent to the annual carbon absorption capacity of approximately 3,200 hectares of home in Vietnam, the company leads the electric taxi market with nearly 40% market share and has partnered with nearly 100 local transport businesses to support their electrification journeys. Big local names such as G7 Taxi, Mai Linh, Lado Taxi, and En Vang have joined the effort with 19 companies fully converting their fleets to electric vehicles. This marks a defining shift: green mobility is no longer an alternative, but a new standard in modern urban operations now spanning four Southeast Asian countries, Green SM is the second-largest ride-hailing brand in the region and the only one powered entirely by electric vehicles. Its ability to operate efficiently across diverse markets with varying infrastructure and user behaviors is a strong testament to the company's capacity for large-scale deployment, high adaptability, and strategic regional vision as a Vietnamese #GSM #GreenGSM The issuer is solely responsible for the content of this announcement.
Malay Mail
2 days ago
- Automotive
- Malay Mail
VinFast signs dealer financing cooperation agreement with BCA
VinFast VF 6 model JAKARTA, INDONESIA - Media OutReach Newswire - 27 June 2025 -VinFast has officially entered into a pivotal financial partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia's leading private banks. This collaboration is set to provide comprehensive and strategic credit facilities for VinFast's dealer partners across Indonesia, significantly bolstering the sales network and accelerating the nation's green mobility the terms of this Dealer Financing Cooperation Agreement, BCA is 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, ensuring a stable supply credit facilities are diverse, encompassing a regular ceiling for consistent operational needs, along with seasonal/fleet ceilings for peak demand periods or bulk purchases of vehicles and parts. This tailored approach addresses varied business needs, enabling dealer partners to optimize cash flow and manage inventory VinFast and BCA have collaboratively developed favorable payment terms and efficient financial processes. This empowers dealer partners with greater autonomy in managing their cash flow and accelerating capital turnover. As a result, fund disbursements and account management become quicker and more convenient, while minimizing complex paperwork, allowing dealers to focus intensely on their core business primary objective of this strategic collaboration is to provide optimal financial accessibility for VinFast dealers, thereby propelling the expansion of the distribution network and strengthening VinFast's presence across the Indonesian electric vehicle has made significant strides in Indonesia in just over a year since 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). All models come with highly attractive sales and after-sales policies, such as free charging, a guaranteed buy-back value of up to 90%, and 0% interest on car is also aggressively expanding its dealer network in Indonesia, with 21 showrooms now established across key cities including Jakarta, Bandung, Surabaya, and Bali. To complement this, VinFast owners will benefit from access to authorized service workshops, operated by partners Otoklix and BOS nationwide, ensuring comprehensive support throughout their vehicle ownership. VinFast projects the establishment of 500 authorized service workshops across Indonesia within the current VinFast is pioneering the development of a complete green mobility ecosystem in the EV sector through strategic collaborations. Key partners include GSM, an all-electric taxi service, and V-GREEN, a global EV charging network developer. Furthermore, the Company is committed to enhancing local production and supporting Indonesia's EV industry through its upcoming assembly plant in Subang./.Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at
The Sun
2 days ago
- Automotive
- The Sun
VinFast signs dealer financing cooperation agreement with BCA
JAKARTA, INDONESIA - Media OutReach Newswire - 27 June 2025 - VinFast has officially entered into a pivotal financial partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia's leading private banks. This collaboration is set to provide comprehensive and strategic credit facilities for VinFast's dealer partners across Indonesia, significantly bolstering the sales network and accelerating the nation's green mobility transformation. Under the terms of this Dealer Financing Cooperation Agreement, BCA is 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, ensuring a stable supply chain. The credit facilities are diverse, encompassing a regular ceiling for consistent operational needs, along with seasonal/fleet ceilings for peak demand periods or bulk purchases of vehicles and parts. This tailored approach addresses varied business needs, enabling dealer partners to optimize cash flow and manage inventory effectively. Furthermore, VinFast and BCA have collaboratively developed favorable payment terms and efficient financial processes. This empowers dealer partners with greater autonomy in managing their cash flow and accelerating capital turnover. As a result, fund disbursements and account management become quicker and more convenient, while minimizing 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, thereby propelling the expansion of the distribution network and strengthening VinFast's presence across the Indonesian electric vehicle market. Mr. Denny Haryanto, Senior Vice President Corporate Banking BCA emphasized: '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. 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 program and emission reduction targets.' Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: '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.' VinFast has made significant strides in Indonesia in just over a year since 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). All models come with highly attractive sales and after-sales policies, such as free charging, a guaranteed buy-back value of up to 90%, and 0% interest on car loans. VinFast is also aggressively expanding its dealer network in Indonesia, with 21 showrooms now established across key cities including Jakarta, Bandung, Surabaya, and Bali. To complement this, VinFast owners will benefit from access to authorized service workshops, operated by partners Otoklix and BOS nationwide, ensuring comprehensive support throughout their vehicle ownership. VinFast projects the establishment of 500 authorized service workshops across Indonesia within the current year. Notably, VinFast is pioneering the development of a complete green mobility ecosystem in the EV sector through strategic collaborations. Key partners include GSM, an all-electric taxi service, and V-GREEN, a global EV charging network developer. Furthermore, the Company is committed to enhancing local production and supporting Indonesia's EV industry through its upcoming assembly plant in Subang./.
Zawya
2 days ago
- Automotive
- Zawya
VinFast signs dealer financing cooperation agreement with BCA
JAKARTA, INDONESIA - Media OutReach Newswire - 27 June 2025 - VinFast has officially entered into a pivotal financial partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia's leading private banks. This collaboration is set to provide comprehensive and strategic credit facilities for VinFast's dealer partners across Indonesia, significantly bolstering the sales network and accelerating the nation's green mobility transformation. Under the terms of this Dealer Financing Cooperation Agreement, BCA is 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, ensuring a stable supply chain. The credit facilities are diverse, encompassing a regular ceiling for consistent operational needs, along with seasonal/fleet ceilings for peak demand periods or bulk purchases of vehicles and parts. This tailored approach addresses varied business needs, enabling dealer partners to optimize cash flow and manage inventory effectively. Furthermore, VinFast and BCA have collaboratively developed favorable payment terms and efficient financial processes. This empowers dealer partners with greater autonomy in managing their cash flow and accelerating capital turnover. As a result, fund disbursements and account management become quicker and more convenient, while minimizing 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, thereby propelling the expansion of the distribution network and strengthening VinFast's presence across the Indonesian electric vehicle market. Mr. Denny Haryanto, Senior Vice President Corporate Banking BCA emphasized: "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. 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 program and emission reduction targets." Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: "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." VinFast has made significant strides in Indonesia in just over a year since 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). All models come with highly attractive sales and after-sales policies, such as free charging, a guaranteed buy-back value of up to 90%, and 0% interest on car loans. VinFast is also aggressively expanding its dealer network in Indonesia, with 21 showrooms now established across key cities including Jakarta, Bandung, Surabaya, and Bali. To complement this, VinFast owners will benefit from access to authorized service workshops, operated by partners Otoklix and BOS nationwide, ensuring comprehensive support throughout their vehicle ownership. VinFast projects the establishment of 500 authorized service workshops across Indonesia within the current year. Notably, VinFast is pioneering the development of a complete green mobility ecosystem in the EV sector through strategic collaborations. Key partners include GSM, an all-electric taxi service, and V-GREEN, a global EV charging network developer. Furthermore, the Company is committed to enhancing local production and supporting Indonesia's EV industry through its upcoming assembly plant in Subang./. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at VinFast
