VinFast Officially Joins a New Market

DNHN - According to VinFast representatives, the cooperation with one of the largest car distribution companies in Micronesia affirms VinFast’s international reputation.

On March 20, VinFast officially signed a cooperation agreement with Guam AutoSpot to distribute VinFast electric vehicles in Micronesia, Western Pacific. According to the agreement, Guam AutoSpot will become VinFast’s first official distributor in Micronesia, including the territory of Guam and the islands of Micronesia.

Guam AutoSpot is expected to start importing VinFast electric vehicle models and distributing and selling them in May 2024. The VF 7, VF 8, VF 9 electric car models, VinFast DrgnFly electric bicycles and vehicle accessories will be distributed through Guam AutoSpot.

According to VinFast representatives, the cooperation with one of the largest car distribution companies in Micronesia affirms VinFast’s international reputation and the commitment of the pioneering Vietnamese electric vehicle manufacturer to providing global consumers with green and smart transportation options, while also exploring the potential of the growing electric vehicle market in the Western Pacific.

Mr Derrick Muna-Quinata, President of Guam Auto Spot, assessed that VinFast is a brand with a green vision and a solid foundation in the industry, which will contribute to the development of the electric vehicle market in Micronesia and enhance the electrified travel experience for users.

“Micronesia is a potential electric vehicle market as consumers in the region are increasingly showing interest in green and sustainable means of transportation,” said Mr Steve Tran, representative of VinFast Global. “We believe that the cooperation agreement with Guam Auto Spot will help VinFast quickly access the market and provide customers with the most diverse and highest quality electric vehicle products.”

Guam AutoSpot was established in 2008 and has a dealer network spread throughout Micronesia, with the quality of its distributed products and services having been affirmed over the past 15 years.

Micronesia is a sub-region of Oceania with thousands of small islands located in the Western Pacific. The region includes the Federated States of Micronesia - a sovereign island nation in free association with the United States, comprising 600 large and small islands that make up the majority of the Caroline Islands. In addition, the region includes other island nations such as Palau, the Marshall Islands, Kiribati and Nauru.

The Micronesia region is one of the emerging markets for electric vehicles, with great potential for the participation of international electric vehicle brands, a developing charging station infrastructure and supportive government policies. VinFast’s presence will help to strongly promote the greening of transportation in this territory in particular and the Western Pacific region in general.

According to the plan, in 2024, VinFast will expand its operations to at least 50 countries worldwide. In addition to key markets such as the US, Canada and Europe, VinFast is strongly advancing into neighbouring countries in the Asian region such as India, Indonesia, Thailand, and the Philippines, as well as the Middle East and Africa. In addition to Vietnam, VinFast is also promoting the construction of electric vehicle manufacturing plants in the US, and India and will build a plant in Indonesia.

Tu Anh