MG AUTO

SAIC Motor Vietnam Co., Ltd. (SMV) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have officially signed a comprehensive partnership agreement. The partnership aims to support business growth and foster favorable conditions for authorized MG dealerships across Vietnam.

Driving the Expansion of MG’s Dealership Network in Vietnam

Executive leadership from SAIC Motor Vietnam Co., Ltd. (SMV) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) recently held a high-level meeting. Both parties agreed to deepen their strategic partnership. This collaboration aims to maximize their core strengths for long-term growth.

Through this collaboration, BIDV will support existing MG dealerships in expanding their business operations. Additionally, SMV and BIDV will cross-promote each other’s brands, products, and services, demonstrating a strong, united partnership.

A breakthrough opportunity for dealerships and MG customer experience

Two major industry leaders in automotive and banking have formed a strategic partnership. This alliance comes amid current market volatility. It highlights their commitment to recovery, growth, and sustainable development. This joint effort contributes to driving Vietnam’s economic growth. Furthermore, this collaboration forms part of SMV’s comprehensive strategy to support and create optimal business conditions for MG dealerships and SMV overall.

By the end of this year, SMV plans to expand its network to 36 global 3S-standard dealerships in Vietnam. Each facility will feature a new car showroom, a maintenance and repair service center, and genuine spare parts supply, offering automotive customers a more seamless sales and service experience.

 —

About SMV

SAIC Motor Vietnam Co., Ltd. (SMV) is a subsidiary of Shanghai Automotive Industry Corporation (SAIC Motor). Since July 2023, SMV has directly operated and served as the exclusive distributor of MG automobiles in Vietnam. SMV aims to develop MG products tailored to Vietnamese consumer tastes and needs while enhancing competitiveness in the domestic auto market. Concurrently, SMV focuses on expanding its distribution network, upgrading after-sales services, and enhancing marketing efforts to drive the future growth of the MG brand.

About BIDV

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) operates nearly 200 branches and over 1,000 transaction points across all provinces and cities nationwide. BIDV serves approximately 11 million individual customers and 300,000 corporate clients, including nearly 5,000 foreign-invested enterprises (FIEs).

For consultation regarding MG products and services, please contact Customer Care at +84 28 3535 9915.