'We come to the Philippine market with good quality product and accessible price,' VinFast Philippines Chief Executive Officer Nguyen Thi Minh Ngoc told reporters during the company's launch of four electric cars and two-wheeled electric vehicles in the country.The first of six showrooms and dealerships will open in June, she said. The Philippines will be VinFast's first market outside of the United States for electric bikes.
VinFast is already in India, Indonesia and Thailand.VinFast said in January during a visit of Philippine President Ferdinand Marcos Jr. to Vietnam that it would start investing in the Philippines and open an EV business network in the country this year.In the Philippines, 10,602 units of two- and four-wheeled EVs were sold in 2023, 10 times higher than the tally in 2022, government data show.Cumulative sales of EVs will likely reach 6.