VinFast Officially Enters Philippine Market At The End Of May 2024

JAKARTA - Vietnamese brand VinFast officially entered the Philippine electric vehicle market at the end of May by bringing various solutions to environmentally friendly mobility.

The presence in the Philippine market also affirms VinFast's commitment to becoming one of Southeast Asian market leaders, and is also in line with his mission to continue promoting transportation electrification globally.

"The launch of the VinFast brand in the Philippines marks another important milestone in developing its presence in the global electric vehicle segment," said Philippine VinFast CEO Nguyen Thi Minh Ngoc, in his official statement, Wednesday, May 8.

As part of its global growth strategy, VinFast has invested in various markets, including the United States, Canada, Europe, India, Thailand and most recently Indonesia.

The Philippines as the next destination is part of an expansion strategy in Southeast Asia, particularly as a country embracing more government policies that encourage the growth of electric vehicles.

"We are proud to support the Philippines in the revolution of electric mobility and believe that by offering modern, powerful, and customer service vehicles, VinFast will continue to achieve its expansion goals in this market," he added.

VinFast will hold its brand launch event in Manila, Philippines on May 31 for the media and June for the public.

In addition, several models will be taken including VF e34, VF 5, VF 7, and VF 9, six electric motorcycle models, and VF DragnFly electric bikes.