VinFast Auto announced the signing of cooperation agreements with the first four Philippine dealers, paving the way for a strong retail network and establishing the company’s presence in the Southeast Asian country’s electric vehicle (EV) market.
At the company’s brand launch event held at the Mall of Asia in Pasay City from May 31 to June 2, VinFast officially signed cooperation contracts with the first four dealers: EV Solutions, K1 Prestige Bay Motors Inc, and Autoflare Corp, all headquartered in Manila; and MNV Auto Group Inc, headquartered in Iloilo City.
Furthermore, VinFast sets 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, VinFast offers a free battery replacement and maintenance program if the battery capacity falls below 70%. This comprehensive plan provides peace of mind for Filipino customers throughout their ownership journey.
To accelerate the Philippine market entry, 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 Philippines’ growing middle class and the increasing demand for EVs.
Rafael Vincente R. Calinisan, representative of EV Solutions, shared: “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.”
Nguyen Thi Minh Ngoc, CEO of VinFast Philippines, said: “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 EV dealership network across major cities, actively contributing to the unstoppable global shift towards green transportation.”
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.
In 2024, VinFast is making a strong push into international markets, including the United States, Canada, Europe, as well as Asian countries like India, Indonesia, and Thailand. The company is also exploring the Middle East and African regions.