VinFast collaborates with four Philippine partners for robust service network expansion
|
MANILA, PHILIPPINES - Media OutReach Newswire - 13 May 2025 - VinFast today announced the official signing of collaboration agreements with four reputable partners in the Philippines: Goodyear Philippines, Tire King and Rubber Products, Power Tread Services, and Marcjan Cavite. These partnerships are expected to play a key role in helping VinFast reach its goal of establishing over 100 authorized service workshops across the Philippines in 2025.
Under the newly signed Memorandums of Understanding (MOUs) and Service Level Agreements (SLAs), VinFast will collaborate with four experienced partners operating service centers across the Philippines to provide maintenance, repair, and electric vehicle care services in accordance with the Company's global standards. Specifically, VinFast and Goodyear Philippines will work closely with the goal of establishing 50 authorized VinFast service workshops in 2025. Similarly, Marcjan Cavite is expected to open eight workshops, while Tire King and Power Tread will each establish seven. These authorized VinFast service workshops in the Philippines will adhere to stringent standards regarding facilities, machinery, equipment, and the professional qualifications of the technical teams. They will also prioritize the provision of genuine services and parts for VinFast vehicle owners. As part of this collaboration, VinFast is committed to supporting its partners through personnel training programs, technical consultation, and experience sharing, aiming to rapidly expand the network of authorized service workshops. These latest agreements - combined with previous MOUs signed with JIGA and Motech - will serve as a crucial stepping stone for VinFast to accelerate the development of its electric vehicle ecosystem in the Philippines, enhancing the after-sales experience for customers. Mr. Pham Sanh Chau, CEO of VinFast Asia, shared: "The collaboration with experienced and insightful local players in the Philippines is a clear testament to VinFast's enduring commitment to developing a comprehensive electric vehicle ecosystem here. This marks the beginning of promising partnerships, laying a solid foundation for VinFast to better serve customers and promote a green lifestyle throughout the nation." Nearly a year since its market entry in the Philippines, VinFast has steadily expanded its presence with its portfolio of smart EV models, attractive sales offerings, and a continuously refined after-sales support system. Across Southeast Asia, VinFast is actively pursuing the development of a comprehensive "For a Green Future" ecosystem, placing a strong emphasis on collaborative growth of charging infrastructure and service networks. This framework, established successfully in Vietnam, is now being extended to promising markets such as the Philippines. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. About VinFastVinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at https://www.vinfastauto.ph/ About Goodyear PhilippinesBuilding on a strong global legacy, Goodyear Philippines is one of the country's oldest and most trusted tire brands, operating since 1919. With the largest tire dealer network in the Philippines—comprising 84 service workshops nationwide—Goodyear offers a wide range of tire solutions, professional after-sales services, and advanced technologies for both personal and commercial vehicles. About Marcjan CaviteWith 33 years of experience, Marcjan Cavite is a leading automotive service provider in Cavite province, offering a comprehensive range of services including wheel alignment, engine diagnostics, underchassis repairs, brake services, and transmission maintenance. The company currently operates six branches in Cavite, with plans to open two more, and is also exploring expansion into EV charging and vehicle dealership operations. About Power Tread ServicesFounded in 1995, Power Tread Services operates as a one-stop-shop automotive center, offering everything from tires, lubricants, and batteries to spare parts and mechanical repairs. The company runs seven branches across Bulacan, Tarlac, and Pampanga, serving customers across Central Luzon. About Tire King and Rubber ProductsWith over 30 years of experience, Tire King and Rubber Products is a trusted family-run business specializing in automotive care in the Philippines. It currently operates two service centers in Antipolo and Marikina, providing services such as wheel alignment, tire balancing, underchassis maintenance, and fuel injector cleaning, with expansion underway into southern Metro Manila.  News Source: VinFast
13/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News. |
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.