Philippine President Marcos Jr. met with Vingroup in Vietnam, discussing electric vehicle investments and manufacturing in the Philippines.
During a visit to Vietnam, President Ferdinand Marcos Jr. of the Philippines held a meeting with Vingroup. Vingroup, a major Vietnamese conglomerate, showed interest in investing in the Philippines carrying plans to manufacture electric vehicles with its brand VinFast. Though there was no confirmed figure, these investments are expected to begin this year. The move aligns with the Philippines' efforts to minimize the use of combustion engines and shift towards battery-operated vehicles and electric vehicle charging infrastructure.
January 30, 2024
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