VinFast Auto has declared its imminent entry into the Philippine electric vehicle market by the end of May 2024, showcasing a range of innovative and eco-friendly mobility solutions. This debut underscores VinFast's dedication to spearheading developments in Southeast Asian markets and advancing global efforts towards transportation electrification. Attendees of the launch event in the Philippines will have the opportunity to experience test drives of the VF 5 model.
VinFast's global expansion strategy sees significant investments in various markets, spanning the U.S., Canada, Europe, and most recently, Indonesia, India, and Thailand. The company's venture into the Philippines marks a pivotal milestone in its Southeast Asian expansion plan, coinciding with the nation's increasing adoption of government policies favoring electric vehicle growth. This brand launch underscores VinFast's dedication to bolstering the Philippines' transition to greener and more sustainable transportation infrastructure, reaffirming its commitment to fostering environmental responsibility on a national scale.
VinFast will introduce Filipino customers to its comprehensive range of premium-quality electric vehicles, electric motorcycles, and electric bikes with modern, youthful designs and smart features, providing them with diverse offerings and high-quality electrified experiences. Similar to other markets, VinFast will offer Filipino customers access to its exceptional after-sales services and attractive sales policies and the company is planning to establish a nationwide network of dealerships in the country, helping facilitate a swift transition from gasoline-powered vehicles to electric vehicles.
Ms. Nguyen Thi Minh Ngoc, CEO of VinFast Philippines, said, "The brand launch in the Philippines marks another significant milestone for VinFast in its journey to grow its presence in the global electric vehicle market. We are proud to support the Philippines in its electric mobility revolution and believe that by offering modern, powerful, and smart vehicles alongside exceptional customer service, VinFast will steadily achieve its expansion goals in this market".
VinFast is set to unveil its brand launch event in Manila, Philippines, showcasing an array of electric vehicles including the VF e34, VF 5, VF 7, and VF 9, alongside six electric motorcycle models and the VF DrgnFly electric bike. Attendees will have the exclusive opportunity to witness these offerings and even sign up for test drives of select models such as the VF e34, VF 5, and VF DrgnFly electric bike. Earlier in January 2024, Philippine President Ferdinand Romualdez Marcos Jr. and Vingroup Chairman, as well as VinFast Founder, Managing Director, and CEO Pham Nhat Vuong, convened for an official meeting to explore investment collaboration prospects.