Vietnam’s VinFast inks agreement with first dealer in Middle East
Thursday, February 29, 2024, 14:02 GMT+7
Vietnam’s electric vehicle (EV) maker VinFast Auto on Wednesday clinched a deal with Bahwan Automobiles Trading LLC (BAT) for the distribution of electric vehicles in Oman, signifying its expansion in the Middle East region.
Under the agreement, BAT will become the official dealer of VinFast in Oman.
The Vietnamese company plans to open and operate 13 VinFast stores and service centers between 2024 and 2027, with the first store expected to be launched in mid-2024.
VinFast and BAT signed a memorandum of understanding on cooperation during the 2023 United Nations Climate Change Conference (COP 28) in the United Arab Emirates.
Through the cooperation with its first dealer in Oman, VinFast demonstrated its determination to realize green mobility solutions in the Middle East region, while affirming its commitment to making EVs more accessible.
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| Representatives of VinFast and Bahwan Automobiles Trading at the signing ceremony. Photo: Bahwan Automobiles Trading |
Ta Xuan Hien, CEO of VinFast Middle East, said Oman presents a promising market for EVs as consumers in the nation demonstrate a growing interest in sustainable and environmentally friendly transportation solutions.
“We are confident that this dealer sales agreement with BAT, a leading and highly reputable dealer in Oman, will empower VinFast to swiftly establish a presence in the market and provide customers in the country with the most diverse and high-quality selection of EVs available.” Hien added.
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