The Philippines is VinFast's next step in its expansion strategy in the Southeast Asian market, especially as the country is adopting policies to promote the development of electric vehicles.
The launching ceremony in the Philippines will be held in Manila on May 31 for the press and June 1-2 for the public.
In early January, Philippine President Ferdinand Romualdez Marcos Jr. and Vingroup Chairman and founder of VinFast Pham Nhat Vuong met officially and discussed investment cooperation opportunities.
VinFast has entered international markets such as the U.S., Canada, Europe and recently Indonesia, India and Thailand.