VinFast is officially in the Philippines. Part of Vingroup, Vietnam’s biggest privately owned conglomerate, VinFast is bringing its diverse and smart green mobility solutions—both two- and four-wheeled— into the country affirming its mission to democratize the electrification of transportation.
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.”
Established in 2017, VinFast has invested in numerous markets, including the U.S., Canada, Europe and, more recently, Indonesia, India, and Thailand. The Philippines marks a new milestone for VinFast in its Southeast Asian expansion strategy, particularly as the country embraces more government policies that promote the growth of battery electric vehicles or BEVs.
At the company’s brand launch event, VinFast officially signed cooperation contracts with the first 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 of six planned initial VinFast showrooms are expected to open in Manila at the end of June 2024.
“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 further committed to expanding our electric vehicle dealership network across major cities, actively contributing to the unstoppable global shift towards green transportation,” continued Nguyen.
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 on the third quarter of this year.
The company has also confirmed the introduction of the popular mini e-SUV, the VF 3.
To address the varying needs of Filipino consumers, VinFast will offer both car purchases with batteries and a unique battery subscription policy. This subscription option aims to lower the initial cost of electric vehicles, making them more accessible for Filipino consumers.
In addition, VinFast wants to set itself apart with a market-leading after-sales policy in the Philippines. This includes a 7- to 10-year warranty on vehicles. Additionally, for those who choose the battery subscription policy, the carmaker will offer a free battery replacement and maintenance program if the battery capacity falls below 70 percent.
The Philippines becomes 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.