VinFast has inked a series of Memoranda of Understanding (MoUs) with some of Indonesia’s top financial institutions, signaling a major push to make electric vehicles more accessible in the country. The Vietnamese EV maker’s move marks a key step toward building a more robust and consumer-friendly green mobility ecosystem in Indonesia.
The MoUs were signed with a diverse set of lenders, including PT Adira Dinamika Multi Finance, PT Bank Woori Saudara, PT CIMB Niaga Auto Finance, PT Mandiri Tunas Finance, PT Maybank Indonesia Finance, and PT Sunindo Kookmin Best Finance. Together, they plan to offer financing options that are optimized specifically for VinFast’s EV models, with features like lower down payments, faster credit approvals, and simplified documentation.
Crucially, this financing framework is designed to support both of VinFast’s consumer ownership models — the Battery-Included Plan and the Battery Subscription Plan. By doing so, VinFast aims to lower the entry barrier for EV buyers, giving them flexibility and more predictable costs over time.
But the partnerships go beyond just loans. The MoUs also envision an integrated EV-ownership ecosystem, which will include services like automotive insurance, extended warranties, and financial aftersales packages. These complementary offerings are meant to boost long-term satisfaction and loyalty among VinFast customers.
Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, called these agreements a “milestone,” emphasizing that accessible financing is vital to accelerating Indonesia’s green mobility revolution. He said such customer-centric financial solutions will help EVs move from niche to mainstream.
VinFast’s timing comes as it ramps up its operations in Indonesia — including work on its Subang assembly plant — and expands its EV lineup in the country. Current models on offer include the VF 3, VF 5, VF 6, VF e34, and the mid-size VF 7, which cater to both daily commuters and urban drivers. With these financing alliances, VinFast expects to build consumer trust, speed up adoption, and deepen its footprint in one of Southeast Asia’s fastest-growing EV markets.
