Categories: News

VinFast signs dealer sales agreement with first dealer in the Middle East

MUSCAT, OMAN – Media OutReach Newswire – 28 February 2024 – VinFast Auto (Nasdaq: VFS) officially signed a dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) for the distribution of electric vehicles in the Oman market. This event signifies not only VinFast’s initial operation in the Middle East region but also a significant step in the VinFast’s global expansion.

VinFast Chairwoman Ms. Le Thi Thu Thuy (center), CEO of VinFast Middle East Mr. Ta Xuan Hien (left), and Mr. Abdullah Ahmed Salim Bahwan, Executive Director of Bahwan Automobiles Trading at the signing ceremony (Photo: Bahwan Automobiles Trading)” data-caption-display=”block” align=”” style=”display: block;width: 100%;margin: 0px;padding: 0px 10px”>
VinFast Chairwoman Ms. Le Thi Thu Thuy (center), CEO of VinFast Middle East Mr. Ta Xuan Hien (left), and Mr. Abdullah Ahmed Salim Bahwan, Executive Director of Bahwan Automobiles Trading at the signing ceremony (Photo: Bahwan Automobiles Trading)


Under the terms of the agreement, BAT will become the official dealer of VinFast in Oman. From 2024 to 2027, BAT plans to establish and operate 13 VinFast stores and service centers. The inaugural store is anticipated to open in mid-2024, with vehicle sales commencing 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 United Nations Climate Change Conference 2023 (COP 28) held in the United Arab Emirates, VinFast and BAT signed a Memorandum of Understanding for Cooperation. Through this collaboration with its first dealer in Oman, VinFast actively contributes to the realization of green mobility solutions within the Middle Eastern region, while affirming the commitment of the Vietnamese electric vehicle manufacturer to making electric vehicles more accessible to everyone.

Representatives of VinFast and Bahwan Automobiles Trading at 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 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 electric vehicles available.”

Mr. Abdullah Ahmed Suhail Bahwan, Executive Director of Bahwan Automobiles Trading, shared: “We are delighted to be the first Middle Eastern dealer of VinFast, a pioneering electric vehicle manufacturer in Vietnam renowned for its strategic vision and innovative products. We firmly believe that this dealer sales agreement will introduce captivating electric vehicle models to the Oman market, contributing to the development of the electric vehicle sector in Oman and enhancing the electric mobility experience for our customers.”

The electric vehicle market in Oman is projected to experience significant growth in the coming years. The Omani government has implemented numerous initiatives to encourage the use of electric vehicles, aiming to address climate change, reduce carbon emissions, and limit the consumption of fossil fuels.

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: www.vinfastauto.com.

About BAT

BAT is an allied business of Bahwan International Group, which is a reputed entity with over 45 associate companies and more than 2000 employees, with presence across the Sultanate of Oman, the Gulf Region, North Africa, and South Asia. These Group of companies represents an impressive portfolio of more than 40 global brands, their diversified businesses cover a wide spectrum including automobiles, healthcare, agriculture, renewable energy, airport solution, logistic solution, earthmoving equipment, construction equipment, industrial equipment, debt collection services, high-end security solutions, survey instruments, elevators and parking solutions, which are some of the major businesses among others.

Miscw.com

Recent Posts

China Focus: Technology sows seeds of hope in combating desertification

HOHHOT, CHINA - Media OutReach Newswire - 23 December 2024 - China's National Forestry and…

21 minutes ago

Novautek Honored with the “Outstanding SME ESG and Business Performance Award”

HONG KONG SAR - EQS Newswire - 23 December 2024 - Novautek Autonomous Driving Limited…

3 hours ago

V-GREEN and Xanh SM Indonesia sign MoU with Lippo for comprehensive green ecosystem in Indonesia

JAKARTA, INDONESIA - Media OutReach Newswire - 23 December 2024 - V-GREEN and PT Xanh…

3 hours ago

Molex Anticipates Steady Growth in High-Speed Connectivity in 2025, Driving Electronics Design Innovations Across Diverse Industry Sectors

Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address data-intensive…

5 hours ago

Celebrating 25 Years of Excellence: DYXnet Embarks the New Chapter of Digital Transformation

HONG KONG SAR - Media OutReach Newswire - 23 December 2024 - DYXnet, a wholly-owned…

5 hours ago

The Top 10 Best Places to Work in Egypt for 2024 revealed

CAIRO, EGYPT - Media OutReach Newswire - 23 December 2024 - Eand, Novo Nordisk, BSH,…

8 hours ago