VinFast

Vietnamese automaker VinFast and MGA.414 Corporation which operates the JIGA auto service chain, have officially signed a Memorandum of Understanding (MOU) to expand the network of service centers for VinFast electric vehicles (EVs) in the Philippines.

Vietnamese electric vehicles maker VinFast has signed a memorandum of understanding (MoU) with Indonesian vehicle distributor PT Aribi Amartapura (Amarta) to accelerate the expansion of its showroom network in Indonesia.

Vietnamese electric vehicles (EVs) maker VinFast and Indonesian state-owned bank PT Bank Negara Indonesia (Persero) Tbk (BNI) have signed a strategic partnership to accelerate green transition, sustainable growth.

Vietnamese conglomerate Vingroup has inked a memorandum of understanding (MOU) with global investment firm JTA Investment Qatar for potential equity investment of $1 billion in VinFast, the electric vehicle (EV) firm founded by Vingroup.

India is also the first market where VinFast has developed a right-hand drive version of the VF 6 and VF 7. These two models are expected to meet the electrification needs of consumers and set a new benchmark in the green transportation industry in India.

Maybank Investment Bank said Tuesday that it sees VinFast Indonesia faces intense competition across battery electric vehicles (BEV) segment in Indonesia due to its relatively weak brand recognition.

This is the second electric car model VinFast has delivered in Indonesia, reinforcing its mission to make electric vehicles accessible for all and contributing to the green transportation revolution in Indonesia and throughout the region.

Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026, the company said in a statement on Tuesday. Additionally, Vuong has personally pledged 50 trillion dong ($2.1 billion) in sponsorship.

During the quarter, VinFast delivered 13,172 vehicles, a 44 percent increase compared to the previous quarter and a 43 percent increase year-over-year.

The launch of the VF 3 marks another significant milestone in VinFast’s journey in the Philippines, reaffirming its commitment to providing premium quality products at inclusive prices with outstanding after-sales policies, the company said.