Grab and Sovico Sign Cooperation Memorandum, Plan Electric Vehicle Loans
Grab Vietnam announced on November 12 that it had signed a memorandum of understanding with Sovico Group. The companies plan to work through HDBank, Vietjet and Galaxy Holdings on electric vehicle loans, tourism services, telecommunications and digital payments.
On November 12, 2026, Grab Vietnam announced that it had signed a memorandum of understanding with Sovico Group to pursue projects in finance, aviation, telecommunications and digital payments through HDBank, Vietjet and Galaxy Holdings.
In finance, Grab and HDBank will jointly design loans for Grab drivers and transport companies to purchase electric vehicles, and are considering loans for charging station partners connected to Grab's charging network. They have also proposed dedicated loans for female drivers on the platform and are exploring co-branded cards for business customers and individual users to promote cashless payments on the platform.
Representatives of HDBank and Grab Vietnam sign a cooperation agreement.（VietVance）
In aviation, Grab and Vietjet plan to develop co-branded travel products to attract international visitors to Vietnam and promote them through international channels. For domestic travelers, the companies intend to offer Grab ride discounts to Vietjet passengers traveling to and from airports, and plan to let users buy Grab discount codes on Vietjet Sky Shop.
Galaxy Holdings' cooperation with Grab covers telecommunications, payments and loyalty services. The companies plan to offer SkyFi/Data SIM products with benefits for Grab employees and driver partners, explore product distribution and offers for Galaxy Telecom customers, and expand cashless payment methods through solutions provided by Galaxy Pay. They also plan to link their SkyJoy loyalty programs, exchange reward points and offer reciprocal benefits.
Grab currently provides delivery, mobility and digital financial services in more than 800 cities across eight Southeast Asian countries. Sovico's businesses span banking, aviation, digital transformation, energy, urban development and resorts.
Source: VietVance
