Vietnamese electric vehicle maker VinFast has signed a memorandum of understanding with Maybank Philippines to make owning an electric vehicle more affordable for Filipino drivers.
The agreement supports VinFast’s battery subscription program, a key part of the brand’s strategy to expand access to electric mobility in the country. Through the partnership, customers who purchase a VinFast EV under the battery subscription model can tap into financing solutions from Maybank, including tailored loan packages with competitive interest rates and flexible payment terms. The goal is to reduce upfront costs and make long-term ownership easier to manage.
Under VinFast’s battery subscription setup, buyers can lower their initial vehicle cost by up to 20 percent. Instead of paying for the battery outright, customers pay a monthly subscription fee. Separating the battery from the vehicle price also addresses common concerns about battery lifespan and performance. Throughout the subscription period, batteries will be maintained free of charge and replaced at no cost once capacity falls below 70 percent.
The tie-up marks VinFast’s first collaboration with a Philippine bank for the program and signals its continued investment in the local market. The company says the partnership strengthens its push to build a complete EV ecosystem in the country, from flexible sales policies to aftersales support.
Maybank, for its part, said the partnership reflects its commitment to supporting sustainable transport solutions and helping drive the shift toward greener mobility.
