Hanoi, July 24 -- Vietnamese electric vehicle maker VinFast, a subsidiary of Vingroup, on July 24 signed a cooperation agreement with 12 financial institutions to promote the transition from petrol-powered vehicles to electric ones in Hanoi. Under the agreement, a range of unprecedented incentives will be offered, including instalment loans covering 70-90% of the vehicle's value with terms of up to eight years, and interest rates 3-4% lower than average during the first three years. VinFast will also offer a 10% discount on electric motorbike prices with full coverage of registration fees. The 12 partner banks and institutions are Vietcombank, VietinBank, BIDV, MBBank, Techcombank, VPBank, HDBank, Sacombank, TPBank, MSB, Lotte Finance, an...