VinFast opens first three dealerships in the Philippines

On July 16, VinFast inaugurated three dealerships - VinFast Aseana, VinFast ESDA, and VinFast Alabang - strategically located in Manila's prime areas, showcasing electric car models VF5, VF7, and VF9.

Among these models, the VF5 is now available for purchase. Customers in the Philippines can experience and order the vehicle at VinFast dealerships and through the company’s website.

Nguyen Thi Minh Ngoc, general director of VinFast Philippines stated, "The simultaneous opening of our first three dealerships in the Philippines marks a significant milestone in our journey to conquer this promising electric vehicle market. The interest and support for VinFast over the past period have reaffirmed the brand's appeal and our potential in the Philippine market."

Allan Ong, general director of VinFast Aseana owner K1 Prestige Bay Motors, spoke highly of the upcoming collaboration between the two parties, suggesting that VinFast has all the necessary elements to thrive in a promising market like the Philippines.

"As VinFast's strategic partner, we are extremely impressed with the brand's rapid global expansion and enormous potential in the Philippine market. With many years of experience in the automotive industry and an extensive network of dealerships, we are confident in becoming a reliable companion, partnering with VinFast to explore and grow in this vibrant market," Ong said.

In the Philippines, VinFast will implement a market-leading after-sales policy, including a 7-10 year warranty for all models and a free battery maintenance and replacement policy if the maximum battery capacity drops below 70 per cent, applicable for battery rental options, providing peace of mind to customers throughout their ownership.

VinFast plans to continue expanding its dealership network in major centres and cities across the Philippines in 2024. This expansion aims to increase brand recognition, quickly tap into the market potential, and meet the growing demand for electric transportation in the country.

VinFast has decided to accelerate the establishment of its manufacturing facilities in India and Indonesia to leverage attractive government incentives.

According to a report on July 10 by Bloomberg, VinFast, the Vietnamese electric vehicle (EV) manufacturer, is seeking a loan of approximately $250 million from Indonesian banks to construct an assembly plant in Subang.

VinFast, a Vietnamese electric vehicle (EV) manufacturer, is delaying the official launch of its North Carolina factory by four years.