Two business units of Vietnamese giant Vingroup, VinFast and Vincom Retail, have announced new developments this week.
VinFast partners India’s YES Bank for EV financing
VinFast’s India unit has inked a partnership with YES Bank to provide retail and inventory financing for its exclusive EV dealer network.
The retail finance agreement will also offer customer benefits such as attractive interest rates, flexible repayment options, and 100% on-road funding.
The collaboration with YES Bank follows an earlier partnership with the State Bank of India for EV financing by the Vietnamese EV maker.
VinFast, a subsidiary of Vietnamese behemoth Vingroup, has recently launched its premium models in India, after inaugurating its EV assembly plant in Tamil Nadu.
It has also partnered with BatX Energies, an Indian clean-tech company, to promote battery recycling and develop a circular battery value chain.
Vincom Retail sells shopping mall for $137m
Vincom Retail, the shopping mall operator of Vingroup, has approved the sale of Vincom Nguyen Chi Thanh for 3.6 trillion dong ($137 million).
The buyer is Hanoi-based Bao Quan Trading Investment and Services, Vincom Retail said in an announcement. Bao Quan is understood to be a unit under local real estate developer ROX Group.
Vincom Nguyen Chi Thanh, located in one of the busiest areas in Hanoi, comprises of office, residential and commercial properties.
Vincom Retail operates nearly 90 malls across the country. The company reported 3.8 trillion dong in net profit in the first three quarters of 2025.
