Shinhan Finance signs partnership with Vinfast to launch green transportation transition campaign in Hanoi

Hanoi, July 24, 2025 - Shinhan Vietnam Finance Company Ltd. (Shinhan Finance) has officially signed a partnership with VinFast - a member of Vingroup - to launch the campaign “Synergizing for a Green Future”, supporting Hanoi residents in transitioning from gasoline-powered vehicles to electric vehicles.

This collaboration marks a concrete step toward promoting sustainable transportation in alignment with Vietnam’s National Green Growth Strategy for the 2021 - 2030 period, with a vision to 2050, and the country's commitment to achieving net-zero emissions by 2050 as pledged at COP26.

As part of the “Joining Forces for a Green Era” campaign, Shinhan Finance is offering an exclusive loan package for individuals interested in purchasing VinFast electric motorbikes. The loan features a competitive interest rate starting from just 12% per annum on a declining balance, with a simple application process and fast approval. Notably, customers borrowing under VND 40 million can complete their loan application using only basic personal identification. In addition, those opting for installment payments through Shinhan Finance enjoy key benefits such as being exempt from providing a vehicle registration certificate when paying at least 20% of the vehicle’s price upfront, as well as no loan processing fees or compulsory loan insurance.

Thanks to this partnership and the support policies from VinFast, the total cost of owning an electric vehicle will be significantly reduced - making eco-friendly transportation more financially accessible to the public.

Speaking at the signing event, a representative from Shinhan Finance shared:
“We believe that with the coordinated efforts of local authorities, VinFast, and financial institutions like Shinhan Finance, Hanoi will soon witness tangible progress in improving air quality, fostering the adoption of green transportation habits, and elevating living standards in densely populated urban areas.”

Beyond providing short-term financial support, Shinhan Finance is also committed to developing long-term sustainable financial solutions. The company is planning to expand this program to other cities aiming for low-emission zones, enabling more people across Vietnam to access electric vehicles with greater ease.

This partnership between VinFast and Shinhan Finance not only contributes to building a green financial and transportation ecosystem in Hanoi but also paves the way for broader market development, supporting Vietnam’s energy transition and sustainable development goals.