VinFast Philippines, V-Green, and Green GSM Philippines form strategic alliance with BDO Unibank to boost electric mobility in the Philippines
In a significant move towards sustainability, VinFast, V-Green, Green GSM, and BDO Unibank have joined forces to support the broader adoption of electric vehicles (EVs) and the development of green infrastructure in the Philippines.
VinFast, a subsidiary of the large Vietnamese conglomerate Vingroup JSC, specializes in the production of electric vehicles and is listed on the NASDAQ under the ticker VFS. The company is expanding its distribution and dealership network globally, with a focus on key markets in North America, Europe, and Asia. VinFast's product line includes electric SUVs, e-scooters, and e-buses.
V-Green Global Charging Station Development Corporation is a green infrastructure company expanding into high-potential markets across the region, including the Philippines. The company emphasizes the importance of charging infrastructure for sustainable EV growth and offers a diverse portfolio of charging solutions, including home chargers and public AC/DC charging stations.
Green GSM Philippines is the country's pioneering all-electric taxi fleet, powered exclusively by VinFast EVs. The company is committed to reducing carbon emissions and delivering high-performance, reliable service to Filipino commuters. Green GSM aims to deliver cleaner, safer, and more transparent public transport.
The partnership between the parties lays the foundation to help the Philippines in reducing emissions and modernizing urban transportation. The collaboration with BDO Unibank strengthens Green GSM Philippines' driver support and enables sustainable fleet expansion.
BDO Unibank, Inc. is a full-service universal bank in the Philippines with over 1,800 branches and more than 5,800 teller machines nationwide. The bank offers digital banking solutions and is regulated by the Bangko Sentral ng Pilipinas. The partnership between VinFast, V-Green, Green GSM, and BDO aims to support the broader adoption of electric vehicles and the development of green infrastructure in the country.
VinFast Auto Philippines Inc. has signed an MOU with BDO Unibank Inc. The other parties involved in the MOU are V-Green Charging Station Development Philippines Inc. and Green and Smart Mobility Philippines Inc. This partnership is related to the electric mobility sector in Southeast Asia.
Green GSM's commitment to sustainable transportation is shared by VinFast, which views sustainable transportation as a commitment to future generations. The partnership is expected to bring about a significant shift in the transportation landscape in the Philippines, promoting cleaner, greener, and more efficient modes of travel.
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