Mcredit and VinFast strategic cooperation to bring financial solutions to customers buying electric vehicles

On August 28, 2023, VinFast Trading & Services Company Limited and MB Shinsei Finance Company Limited (Mcredit) signed a strategic cooperation agreement to provide financial support packages for customers buying VinFast electric motorbikes nationwide.

Smart financial solutions for customers are the first step in a comprehensive cooperation strategy between the two parties. Accordingly, Mcredit will provide a credit support package for customers buying VinFast electric motorbikes at nearly 200 genuine showrooms nationwide. Specifically, customers buying VinFast electric motorbikes in installments through Mcredit will enjoy a preferential interest rate of 0.99%/month, completely interest-free for the first 4 months. VinFast electric motorbike models eligible for this program include: Evo200, Evo200 Lite, Feliz S, Klara S (2022), Vento S and Theon S, with prices ranging from 22 to 69.9 million VND. The superior financial solutions provided by Mcredit and VinFast will help increase the opportunity to own smart electric motorbikes to a large number of consumers. ^{VinFast and Mcredit sign strategic cooperation agreement} Ms. Ho Thanh Huong, Director of VinFast Vietnam Market, said : “With the philosophy of putting customers first, VinFast always strives to bring customers a convenient and easy experience when choosing, shopping and using smart, environmentally friendly vehicles . The strategic cooperation with Mcredit will open up many opportunities for customers to quickly own a quality, smart electric motorbike from VinFast, while proactively choosing a financial plan suitable for their conditions and personal needs.” In the first phase of cooperation, customers will be directly supported by Mcredit staff, consulting on suitable financial solutions when they need to buy electric motorbikes on installment at VinFast's sales system nationwide, with a convenient process, simple and quick procedures. Customers only need to have an ID card or CCCD and perform identification authentication steps to complete the disbursement procedure within just 20 minutes. ^{Mcredit staff advise customers to buy VinFast electric motorbikes on installments at the showroom.} In the next phase, customers will have access to financial support services from Mcredit through utilities on the digital platforms of VinFast and Mcredit, helping to improve product accessibility with a faster, smoother and more convenient experience. Speaking at the signing ceremony of the cooperation agreement, Mr. Le Quoc Ninh - General Director of Mcredit shared: "Cooperation with VinFast is one of Mcredit's important business strategies. We hope that through this cooperation, we can contribute to bringing Vietnamese goods closer to Vietnamese consumers, while helping more and more people access and own smart and environmentally friendly consumer products such as VinFast electric motorbikes". As a financial solution provider, Mcredit will also participate in VinFast's value chain, contributing to bringing environmentally friendly products to a wide range of customers, thereby realizing Mcredit's sustainable development vision in the company's 5-year development strategy.