HCMC – In partnership with Techcombank - one of the largest and prestigious local commercial banks, Mercedes-Benz announces today that it has launched the Mercedes Finance special promotion from 15th March to 29th April 2010. The campaign also marks a mutual cooperation between Mercedes-Benz and Liberty to provide each other’s customers highest quality services. Liberty will be the Preferred insurer for Mercedes vehicle throughout Vietnam.

“2010 so far has seen some positive signals for the economy, yet it is still in recovery period and needs some boost for further development. This is why from Mercedes-Benz we actively launch the Mercedes Finance promotion from 15 March to 29 April 2010, right on the occasion Mercedes-Benz marks our 15- year operating successfully in Vietnam.” Said Dr. Udo Loersch, General Director of Mercedes-Benz Vietnam.

Taking effect from 15th March to 29th April 2010, the special promotion of Mercedes Finance in co-operation with Techcombank offers attractive fixed interest rates in the first year for all Mercedes-Benz vehicles produced in Vietnam: 7.99% for passenger cars and 11.99% for commercial vehicles (Sprinter models). Loan amount can reach maximum 75% car value in 4 years (48 months). And, total processing time will take maximum 3 days, subjective to customers providing all documents as solicited by bank.

For example: A customer visits Mercedes-Benz dealer to buy a C250 CGI BlueEFFICIENCY priced at VND 1,240,000,000. First down-payment is 30% or VND 372,000,000. Fixed interest rate for the first year is 7,99%. Monthly instalment, therefore, on average is only VND 23,234,562.

Via every Autohaus dealer nationwide, the Mercedes Finance can arrange car loans specific to customer’s situations and requirements. Sales teams are always ready to pre-qualify customer’s records prior to the bank’s confirmation and track on all needed procedures to save customer’s time.

On this occasion, Mercedes-Benz and Liberty has signed a framework agreement to work together as strategic partners to develop an automobile insurance product to bring the highest quality services to both sides’ customers. Mercedes-Benz will encourage and recommend to all of its authorized dealers as well as its customers throughout Vietnam to choose Liberty to insure their Mercedes vehicles. And on the other hand, Liberty commits to provide international quality services in automobile insurance such as authorized garages, genuine spare parts, authorized engineers and a hotline available 24 hours per day and seven days per week.

The promotion campaign is a special mark of the company’s 15-year anniversary. Mercedes-Benz Vietnam was established in 15 April 1995. After 15 years of operation it continually delights customers with a wide range of superior products and excellent after-sales services via its Autohaus dealers nationwide. In 2009, the company set a sales record of 3,400 vehicles, a year –on-year increase 58% in total and 80% for passenger cars. MBV has been always one of the top ten biggest tax payers in HCMC. In 2009 only, it paid VND 1,400 billion to the National Budget.

In 2010, MBV kicks off the new year with 23% year-on-year increase on sales in the first two months. This year, MBV will have various activities for its customers and especially will emphasize on the opening of new dealer network in Vietnam. With its continual investment and long-term commitment, Mercedes-Benz plans to grow strongly in Vietnam.

Techcombank, also referred to as VIETNAM Technological & Commercial Bank, was established in 1993 and is one of the largest commercial joint-stock banks in Vietnam with presences in over 40 cities and provinces nationwide. Techcombank is the first and only Vietnamese bank to be complimented by Financial Insights for achievements in leading technological applications and solutions.

HSBC is a major shareholder owning 20% of the firm & with total assets of 93.14trillion VND (as of Dec 2009). Techcombank is one of the leading, growing commercial banks in Vietnam to embrace technological innovation for the success of its business.