MUSCAT, OMAN – Media OutReach Newswire – February 28, 2024 –
VinFast Auto (Nasdaq: VFS) has officially signed a sales agreement with Bahwan Automobiles Trading LLC (BAT) for the distribution of electric vehicles in the Oman market. This event marks not only VinFast’s initial operation in the Middle East region, but also a significant milestone in VinFast’s global expansion.
VinFast Chairman, Ms. Le Thi Thu Thuy (center), VinFast Middle East CEO, Mr. Ta Xuan Hien (left), and Mr. Abdullah Ahmed Salim Bahwan, Executive Director of Bahwan Automobiles Trading during the signing ceremony (Photo: Bahwan Automobiles Trading)
Under the terms of the agreement, BAT will become the official reseller of VinFast in Oman. From 2024 to 2027, BAT plans to establish and operate 13 VinFast stores and service centers. The inaugural store is expected to open in mid-2024 and vehicle sales will begin shortly thereafter. Additionally, VinFast will collaborate with BAT to sell four e-SUV models: VF 6, VF 7, VF 8 and VF 9 upon their market launch.
Previously, within the framework of the 2023 United Nations Climate Change Conference (COP 28) held in the UAE, VinFast and BAT signed a memorandum of understanding for cooperation. Through this collaboration with its first dealership in Oman, VinFast actively contributes to the realization of green mobility solutions in the Middle East region, while affirming the Vietnamese electric vehicle manufacturer’s commitment to making electric vehicles more accessible to all.
Representatives of VinFast and Bahwan Automobiles Trading during the signing ceremony (Photo: Bahwan Automobiles Trading)
Mr. Ta Xuan Hien, CEO of VinFast Middle East, said: “Oman presents a promising market for electric vehicles, as consumers in the country demonstrate growing interest in sustainable and eco-friendly transportation solutions. We are confident that this sales agreement with BAT, a leading and highly reputable dealership in Oman, will enable VinFast to quickly establish a market presence and provide customers in the country with the most diverse selection of electric vehicles and highest quality available.
Mr Abdullah Ahmed Suhail Bahn, Executive Director of Bahn Automobiles Trading, shared: “We are delighted to be the first dealership in the Middle East for VinFast, a pioneering electric vehicle manufacturer in Vietnam renowned for its strategic vision and innovative products. We strongly believe that this dealer sales agreement will introduce exciting electric vehicle models to the Oman market. , contributing to the development of the electric vehicle sector in Oman and improving the electric mobility experience of our customers.
The electric vehicle market in Oman is expected to witness significant growth in the coming years. The Omani government has implemented numerous initiatives to encourage the use of electric vehicles, aimed at combating climate change, reducing carbon emissions and limiting the consumption of fossil fuels.
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