Pham Sanh Chau (right), CEO of VinFast Asia, and Mr. D. Ananda Kumar, General Manager – Supply Chain Finance, Bank of Baroda, at the signing ceremony.VinFast Auto India on Thursday signed a Memorandum of Understanding (MoU) with Bank of Baroda to provide dealer invoice financing for its exclusive dealer network, leveraging Bank of Baroda’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets.
Under the dealer finance tie-up, Bank of Baroda will extend ₹200 crore finance to VinFast dealers on flexible terms.
The collaboration aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India.
“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.,” says Pham Sanh Chau, CEO of VinFast Asia.
The Vietnam-based automaker entered the Indian market in September 2025 with the launch of its VF 6 and VF 7 electric SUVs. The company has followed a strategy of localising production in the country, with the launch of its new facility in Thoothukudi, Tamil Nadu.
“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,” says Madhur Kumar, Chief General Manager – MSME Banking, Co-Lending, and Supply Chain Finance.
