VinFast Expanding its Reach in the Pacific Islands, Aims to Conquer at Least 50 Countries by 2024
VinFast Auto has officially signed a partnership agreement with Guam AutoSpot to distribute VinFast electric vehicles in the Micronesia region of the Pacific Islands. This collaboration marks Guam AutoSpot as the first official distributor of VinFast in Micronesia, which includes Guam and the surrounding island groups. The agreement includes importing various VinFast electric models, such as the VF 7, VF 8, VF 9, VinFast DrgnFly electric bikes, and related accessories for distribution and sales starting from May 2024.
VinFast’s Global Expansion
VinFast’s partnership with one of the largest automobile distributors in Micronesia demonstrates the international reputation and commitment of the pioneering Vietnamese electric vehicle manufacturer. This move aims to provide global consumers with eco-friendly and intelligent transportation options while exploring the growing market for electric vehicles in the Pacific Islands.
Guam AutoSpot, established in 2008, has an extensive network of dealerships throughout Micronesia, offering quality products and services that have been recognized for over 15 years.
Steve Tran, the global representative of VinFast, shares his enthusiasm about the potential of Micronesia as an electric vehicle market: “Micronesia is a promising electric vehicle market as consumers in this region are increasingly interested in sustainable and eco-friendly means of transportation. We believe that partnering with Guam AutoSpot will enable VinFast to quickly access the market and provide customers with diverse and high-quality electric vehicles.“
VinFast’s Vision
Derrick Muna-Quinata, Chairman of Guam AutoSpot, expresses his excitement about becoming VinFast’s first dealership partner in Micronesia: “We are thrilled to partner with VinFast, a brand with a green vision and a solid foundation in the electric vehicle industry. This collaboration will contribute to the development of the electric vehicle market in Micronesia and enhance the electrified mobility experience of our customers.“
According to VinFast, Micronesia is an emerging electric vehicle market with great potential, supported by the presence of international electric vehicle brands, developing charging infrastructure, and government incentives.
VinFast’s plan for 2024 is to expand its operations to at least 50 countries worldwide. In addition to key markets like the United States, Canada, and Europe, VinFast is making significant strides into neighboring countries in Asia, including India, Indonesia, Thailand, the Philippines, as well as the Middle East and Africa. Apart from Vietnam, VinFast is also establishing electric vehicle manufacturing plants in the United States, India, and Indonesia.
With its ambitious global expansion plans, VinFast is positioning itself as a major player in the electric vehicle industry, offering innovative and sustainable mobility solutions to consumers worldwide.