Vinfast launches in the Philippines, showrooms to open in June

VinFast Auto has announced the signing of cooperation agreements with the first four Philippine dealers, marking a significant step in establishing a strong retail network and solidifying the company’s presence in the Southeast Asian electric vehicle market.

At the company’s brand launch event in Manila, VinFast officially signed cooperation contracts with four dealers: EV Solutions, K1 Prestige Bay Motors Inc., and Autoflare Corporation, all headquartered in Manila, and MNV Auto Group Inc., headquartered in Iloilo City. The first VinFast showrooms are expected to open in Manila by the end of June 2024.

These dealers will start selling the VF 5, VF e34, VF 7, and VF 9 models as soon as they launch in the market. The first cars are expected to be delivered to Philippine customers starting in the third quarter of this year.

VinFast is also exploring the introduction of the popular Vietnamese mini e-SUV, the VF 3, to the Philippine market. Additionally, the company is researching the potential for electric motorbikes and bicycles. To meet the diverse needs of Filipino consumers, VinFast will offer both car purchases with batteries and a unique battery subscription policy, aiming to lower the initial cost of electric vehicles and make them more accessible.

VinFast distinguishes itself with a market-leading after-sales policy in the Philippines, including a 7-10 year warranty on vehicles. For customers opting for the battery subscription policy, VinFast offers a free battery replacement and maintenance program if the battery capacity falls below 70%. This comprehensive plan ensures peace of mind for Filipino customers throughout their ownership journey.

To expedite its market entry in the Philippines, VinFast plans to open dozens of dealerships across the country in 2024. These stores will be strategically located on major roads in Manila and other key cities, catering to the growing middle class and increasing demand for electric vehicles.

Mr. Rafael Vincente R. Calinisan, representative of EV Solutions, expressed: “It’s an honor to be among the first VinFast dealerships driving the electric car revolution in the Philippines. We’re impressed by VinFast’s strong market potential, thanks to their variety of vehicles and industry-leading warranty. Together, we’ll meet the growing Filipino demand for EVs and build a greener, smarter transportation future for the country.”

Ms. Nguyen Thi Minh Ngoc, CEO of VinFast Philippines, stated: “By partnering with trusted and experienced automotive companies, VinFast is determined to deliver smart and convenient electric mobility solutions to Filipino consumers as soon as possible, offering complete peace of mind. This collaboration marks a significant step forward, establishing VinFast’s presence and laying a strong foundation for our long-term growth in the Philippines. We’re committed to expanding our electric vehicle dealership network across major cities, actively contributing to the global shift towards green transportation.”

The Philippines is the third Southeast Asian market VinFast has entered in the first half of 2024, following Indonesia and Thailand. This rapid expansion strengthens VinFast’s position in the region and demonstrates the company’s ability to quickly accelerate its presence.

In 2024, VinFast is making a strong push into international markets, including the US, Canada, Europe, and Asian countries like India, Indonesia, and Thailand. The company is also exploring opportunities in the Middle East and African regions.

About VinFast

VinFast – a member of Vingroup – envisioned to drive the movement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with scalability that boasts up to 90% automation in Hai Phong, Vietnam.

Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.ph/