VinFast Auto announced it had opened its first three dealerships in the Philippines as Vietnam’s electric vehicle (EV) manufacturer continued its push into neighbouring markets in south east Asia.

The automaker said the three outlets, Aseana, EDSA and Alabang, were in prime locations in the Metro Manila region and have begun selling the VF5, VF7, and VF9 battery powered SUVs imported from Vietnam.

VinFast Philippines CEO Ms Nguyen Thi Minh Ngoc said in a statement: “The grand opening of [our] first three dealerships in the Philippines marks a significant milestone in our journey to conquer the potential EV market here. With an expanding dealer network, [we are] committed to bringing Filipino consumers high quality products and dedicated service.”

VinFast said it planned to expand its dealer network to include major centres and cities in the Philippines in the second half of 2024 with the aim of increasing brand awareness and meet growing demand for electric mobility in the country.

The company began selling vehicles in Indonesia earlier this year and this week it broke ground on a new vehicle assembly plant there, scheduled to be completed in late 2025.

In March VinFast signed agreements with 15 dealers in Thailand with the aim of opening 22 outlets in the greater Bangkok area by the end of the year. The company is expected to establish a presence in Malaysia by the end of the year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

VinFast also began building an assembly plant in India earlier this year, to tap the significant growth potential of this market.

The company had previously said it plans to be in 50 countries worldwide in the next few years.