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VinFast has confirmed its entry into the Philippine market, signaling a significant stride in its Southeast Asian expansion and reinforcing its dedication to advancing global transportation electrification. The introduction of their electric vehicle (EV) offerings in late May 2024 underscores VinFast’s role as an emerging leader in the green mobility arena within the region. The launch will feature the VF 5 model, available for test drives, showcasing the brand’s commitment to innovation and quality.
Key Highlights
- VinFast’s Entry into the Philippines: Marking a significant expansion in Southeast Asia.
- Diverse EV Offerings: Introduction of electric cars, motorcycles, and bikes with advanced features.
- Nationwide Dealership Network: Plans to establish extensive sales and service networks.
- Public and Media Events: Scheduled brand launch events in Manila at the end of May 2024.
VinFast’s entry is timely as the Philippines continues to adopt more EV-friendly government policies. By expanding into the Philippines, VinFast not only aims to influence the regional market dynamics but also supports the nation’s shift towards sustainable transportation solutions. This move is part of a broader strategy that has seen VinFast make investments in several global markets, including North America and various countries across Europe and Asia.
The company is set to introduce Filipino customers to a wide array of products ranging from premium-quality electric vehicles to electric motorcycles and bikes, all adorned with modern designs and integrated smart technology. This initiative aims to enhance the quality of electrified transport experiences available in the Philippines.
Offering insight into the company’s aspirations, Ms. Nguyen Thi Minh Ngoc, CEO of VinFast Philippines, remarked, “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.”
In addition to the launch events scheduled for May 31 (media day) and June 1-2 (public days) in Manila, guests will have the opportunity to explore a range of VinFast’s EVs, including the VF e34, VF 5, VF 7, and VF 9, along with six electric motorcycle models and the VF DrgnFly electric bike. Test drives for select models like the VF e34, VF 5, and the VF DrgnFly will be available, enhancing customer engagement and product familiarity.
In the broader context of VinFast’s corporate journey, a meeting in January 2024 between Philippine President Ferdinand Romualdez Marcos Jr. and Vingroup’s Chairman, Pham Nhat Vuong, underscored the strategic nature of VinFast’s investments and its commitment to fostering a sustainable and smart mobility future globally.
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