On July 24, in Hanoi, VinFast officially signed a cooperation agreement with 12 major banks and financial institutions, pioneers in green transformation including Vietcombank, Vietinbank, BIDV, MBB, Techcombank, VPBank, HDBank, Sacombank, TPBank, MSB, Lotte Finance, Shinhan Finance.
With the above agreement, many unprecedented policies have been announced to support Hanoians to switch to electric vehicles such as installment loans up to 70-90% of car prices, loan terms up to 8 years, interest rates 3-4% lower than the average in the first 3 years; VinFast gives 10% of car prices and 100% registration fees for electric motorbikes...
Appreciating the significance of the campaign initiated by VinFast to help the people of the capital transform greenly, leaders of banks and large financial institutions affirmed their readiness to accompany the Vietnamese electric car company to expand the program to many other provinces and cities.
Mr. Kong Sung Sik - General Director of Lotte Finance
Hanoi is currently facing many urgent problems related to air pollution and traffic congestion. In this context, the green transformation project with the participation of private enterprises can become an important turning point for the future of the city.
When leading enterprises in the electric vehicle sector such as VinFast closely coordinate with financial partners, the share of electric vehicle ownership will increase rapidly, and people will also gradually change the criteria for choosing vehicles in the direction of "environmentally friendly".
In the long term, this will help reduce carbon emissions, reduce noise and improve energy efficiency - towards building cities in Vietnam to become cleaner, more beautiful and more livable. Lotte Finance is committed to acting as a positive driving force for these positive transformations.
We are ready to expand this preferential financial program nationwide, starting from the project in Hanoi.
Mr. Nguyen Quang Hien - Deputy Director of the Science and Technology Bank - Military Commercial Joint Stock Bank (MBBank)
When electric vehicles become popular, Hanoi will develop into a green - clean - beautiful city, contributing to enhancing the image of the capital in the eyes of international friends, and at the same time being a clear demonstration of the sustainable development and social responsibility of businesses, authorities and communities.
MB clearly recognizes that, in the context of climate change and the increasingly urgent need for sustainable development, converting personal vehicles to electric vehicles should not be just a separate program in one locality but should be replicated and expanded to all regions nationwide.
MB wishes to coordinate more closely with VinFast and related partners, not only in designing financial products but also in communicating, consulting, and raising public awareness of the benefits and importance of using electric vehicles.
Ms. Nguyen Thi My Hanh - General Director of Retail Bank - Vietnam Maritime Commercial Joint Stock Bank - MSB
For MSB, green finance is a sustainable development orientation, not a short-term trend. We choose to accompany partners with long-term vision, jointly building solutions that benefit both people and the environment.
The cooperation with VinFast is part of MSB's strategy in forming a "Green x Digital" ecosystem. In particular, electric vehicles are not only a means, but the beginning of a chain of change - from clean energy, digital services, to sustainable consumption.
Accompanying VinFast helps MSB go fast, but also go far - when the two brands share the philosophy of taking customers as the center and creating a positive impact on the community.
We do not expect people to change their habits immediately, but we expect them to have more easy and reliable options. MSB hopes to not only create an environmental impact, but also create a financial - green consumer ecosystem - from the vehicle, to payment method, to choosing accompanying services.
Mr. Nguyen Minh Tam - Deputy General Director of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)
Sacombank's cooperation with Vingroup/VinFast is a strategic step in financial products, promoting the process of positioning the banking brand for sustainable development. At the same time, it demonstrates our strong commitment to accompanying the Government and leading enterprises to realize the goal of carbon neutrality by 2050.
In addition, green transportation, typically the type of electric vehicle, is becoming a trend.
Hanoi has a large number of gasoline motorbikes accounting for 70% of the means of transportation, so switching to another type will face some obstacles in the beginning. However, if we do not boldly take the first step, we will never achieve the big goal, this is an inevitable roadmap to move towards a better living environment, especially when Vietnam participates in COP17 in 2011 and COP26 in 2021.
Sacombank's strategy is not to stop at Hanoi, but to expand to large cities such as Ho Chi Minh City, Da Nang, Hai Phong and Can Tho - cities that are also facing similar challenges in green transformation and smart transport development.
Mr. Nguyen Chi Hien - Deputy Director of Personal Customers - Vietnam Prosperity Joint Stock Commercial Bank - VPBank
VPBank is always committed to promoting sustainable development through green finance initiatives and supporting the sustainable energy transition process in Vietnam.
We fully support this initiative of the Government to help the capital become greener, cleaner and more beautiful.
Hanoi is just the beginning of VPBank's expansion strategy to promote green finance and support the conversion of clean means of transportation nationwide. In the coming time, we will closely coordinate with Vingroup/VinFast to deploy preferential loan packages in many other provinces/cities, especially large cities across the country, to contribute to realizing the National Sustainable Development Goal. We know that some big cities like Ho Chi Minh City have also developed a "Green Transformation" project in the transport sector, aiming to convert from gasoline vehicles to electric vehicles starting with buses and shippers, technology drivers.
Mr. Hoang Trong Hieu - Senior Director of Solutions Development, Vietnam Technological and Commercial Joint Stock Bank (Techcombank)
For Techcombank, this cooperation also demonstrates the bank's social responsibility and is an opportunity for us to bring outstanding financial solutions, comprehensively meeting all customer needs, including access to green vehicles as well as moving towards green living.
In the immediate future, we expect Hanoi to become a model of a green urban area with a smart transportation system, with environmentally friendly vehicles, a modern touchless payment system and a cleaner living environment.
