Hanoi (VNA) – VinFast Philippines, V-Green and GSM Philippines have signed a Memorandum of Understanding (MoU) with BDO Unibank Inc. (BDO), marking the start of a strategic partnership aimed at driving the country’s green transition.
The agreement establishes a framework for broad cooperation across key areas, including digital banking, consumer finance, insurance, fleet financing and charging infrastructure development. The initiative is important in building a sustainable and accessible electric vehicle (EV) ecosystem in the Philippines.
Through this partnership, VinFast Philippines, a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, will leverage on BDO's comprehensive suite of financial solutions including cash management, consumer banking, leasing, and insurance services and create tailored financing programmes for both retail and corporate customers.
"At VinFast, we view sustainable transportation as more than just a technological shift—it's a commitment to future generations," said Duong Thi Thu Trang, Deputy CEO of Global Sales of VinFast. "Partnering with BDO, a trusted and forward-thinking financial institution, allows us to empower Filipinos with greater access to EVs while helping shape a smarter, greener, and more livable urban future."
The partnership extends beyond vehicles. V-Green has already secured approvals to roll out EV charging stations in four SM Supermalls, with further expansion planned across Alfamart outlets, educational institutions, and other strategic locations within the BDO–SM ecosystem.
Charles M. Rodriguez, BDO Unibank's Executive Vice President and Head of the Institutional Banking Group shared "Our collaboration with VinFast, V-Green and Green GSM allows us to support the broader adoption of electric vehicles and the development of green infrastructure in the country. By providing the right financial solutions, we are enabling businesses to drive a future-ready transport sector."
Together, VinFast, V-Green, and Green GSM are building a holistic electric mobility ecosystem in the Philippines, spanning from EV distribution to charging infrastructure development and electric taxi operations. With BDO's financial support and the SM Group's extensive network, this partnership aims to bring meaningful benefits to Filipinos - through expanded mobility and improved transport systems aligned with the country's long-term development goals./.
