VinFast announces partnership with first distributor in Africa

VinFast has signed a distribution agreement with Jospong Group of Companies, Ghana's leading multi-industry conglomerate, in Ghana and West African market. This deal marks the Vietnamese electric vehicle pioneer's initial foray into the African market, solidifying its position as a frontrunner in the global shift towards sustainable transportation.
VinFast announces partnership with first distributor in Africa

Under this agreement, Jospong will distribute VinFast’s entire range of vehicles, including electric cars, e-scooters, e-bikes, and electric buses, throughout Ghana and West Africa. Jospong will also plan to deploy public charging infrastructure across the country to support EV penetration. This collaboration with one of West Africa's leading conglomerates strengthens VinFast's commitment to delivering green and smart transportation solutions to customers worldwide, while also allowing the company to tap into the promising potential of the African electric vehicle market.

Jospong operates across 14 different sectors with a network of over 60 companies. The group has a strong presence in industries like automobile, waste management, ICT, and banking.

In addition to the announced distribution agreement, Vingroup, Vietnam's leading private multi-industry conglomerate and parent company of VinFast, has signed a Memorandum of Understanding (MoU) with Jospong. Vingroup and Jospong will work together to identify and pursue business opportunities in areas of mutual interest, including electric vehicles, taxi operations, public transportation solutions, education, hospitality, and real estate development.

Electric vehicle market in Ghana and West Africa boasts significant development potential due to ample room for growth and minimal competition. Fueled by government support for achieving net-zero emissions in transportation, demand is forecast to surge rapidly. Ghana envisions a future by 2040 where a significant portion of gas stations will be repurposed to serve sustainable transportation options, like electric vehicles.

This cooperation with Jospong presents a significant opportunity for Vingroup and VinFast to rapidly solidify their position in the region's electric vehicle market and establish themselves as leaders in the broader sustainable transportation industry.

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