09:49 | 06/04/2016 Finance - Banking
BMW chose Viet Nam International Bank (VIB) as its first Vietnamese financial partner to provide support to local customers who buy new and used cars.
This is the first time that BMW deploys a strategic cooperation model in Vietnam
Under the strategic agreement, signed on March 21 in HCM City between BMW Group Segment Financial Services and VIB, BMW buyers will receive a preferential interest rate of 5.99 per cent per year in the fixed first half-year. The rate will be equal to the savings interest rate for 12 months with 3.9 per cent amplitude per year.
VIB will also give a preferential interest rate of 0 per cent per year in the first month to 20 customers who borrow money to buy BMW products in April, May and June 2016, and open free credit card accounts at VIB.
VIB created its own channel to serve BMW's customers under its international standards, including a private switchboard service for customers, support from senior specialists and a separate evaluation process./.