HANOI, VIETNAM – Media OutReach Newswire – March 20, 2024 – VinFast Auto (Nasdaq: VFS) has officially signed a cooperation agreement with Guam AutoSpot to distribute VinFast electric vehicles in Micronesia. This agreement marks a significant step forward for VinFast’s global expansion strategy and its vision of a global green mobility revolution.
Under the terms of the agreement, Guam AutoSpot will be the official distributor of VinFast throughout Micronesia, encompassing Guam and the rest of the Micronesian islands. Guam AutoSpot is expected to begin importing VinFast electric vehicles, including VF 7, VF 8, VF 9 car models, DrgnFly electric bicycles and vehicle components, for distribution starting May 2024.
This partnership with Guam AutoSpot, one of the largest automotive distributors in Micronesia, strengthens VinFast’s international reputation. This underlines VinFast’s commitment, as a pioneering Vietnamese electric vehicle manufacturer, to providing consumers around the world with green and smart transportation solutions, unlocking the potential of the growing Western Pacific electric vehicle market.
Founded in 2008, Guam AutoSpot has a well-established dealership network throughout Micronesia. For over 15 years, they have built a reputation for providing high quality products and distribution services.
Mr. Steve Tran, Representative of VinFast Global said: “Micronesia is a potential market for electric vehicles, as consumers show great interest in green and sustainable mobility. We are confident that the cooperation agreement with Guam AutoSpot will help VinFast quickly reach the market and provide customers with the most diverse and highest quality electric vehicle products. »
Mr. Derrick Muna-Quinata, President of Guam AutoSpotsharing: “We are delighted to be VinFast’s first distribution partner in Micronesia. We believe that the partnership with VinFast, an automotive brand with a green mission and a strong foundation in the electric vehicle industry, will contribute to the development of the electric vehicle market in Micronesia and enhance customers’ electrified mobility experience.
Micronesia is emerging as a potential market for electric vehicles, fueled by the participation of international brands and the development of charging station infrastructure. The presence of VinFast will strongly promote the greening of transportation not only in this region, but also throughout the Western Pacific.
As previously announced, VinFast will expand its operations to at least 50 countries around the world in 2024. In addition to key markets such as the United States, Canada and Europe, VinFast is aggressively expanding into neighboring countries of the Asian region, such as India, Indonesia, Thailand and the Philippines, as well as the Middle East and Africa. In addition to its operations in Vietnam, VinFast is also accelerating the construction of electric vehicle manufacturing plants in the United States and India, and will build a factory in Indonesia.
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