VinFast Set To Enter Philippines EV Market In May

Vietnamese electric vehicle maker VinFast Auto announced its plan to enter the Philippine EV market at the end of May. VinFast planned to expand its presence in many international markets such as the US, Canada, and Europe. It recently entered the Indonesian, Indian, and Thai markets. 

The Philippines is VinFast’s next step in its expansion strategy in the Southeast Asian market, especially as the country is adopting policies to promote the development of electric vehicles. Nguyen Minh Ngoc, General Director of VinFast Philippines said the company commits to joining hands with the Philippines in the electric mobility revolution. The company is proud to bring powerful, intelligent modern electric vehicles with excellent warranties, gradually realizing the goal of expansion in the regional market.

The launching ceremony in the Philippines will be held in Manila on May 31 for the press and June 1-2 for the public.  During this the guests will have a chance to experience VinFast’s green and smart electric vehicle models, including VF e34, VF 5, VF 7, and VF 9; and six electric motorbike and bike models VF DrgnFly.

In early January 2024, Philippine President Ferdinand Romualdez Marcos Jr. and Vingroup Chairman and Founder of VinFast Pham Nhat Vuong met officially and discussed investment cooperation opportunities.

VinFast’s official entry into the market affirms the company’s commitment to contributing to the modernization of transportation infrastructure in the Philippines in a greener and more sustainable direction./.