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Vietnamese electric vehicle maker VinFast on Tuesday announced a special ‘Trade Gas for Electric’ programme across Vietnam, India, Indonesia and the Philippines, offering additional discounts on electric vehicles as global fuel prices remain volatile.
Under the programme, customers switching from gasoline-powered vehicles to VinFast electric vehicles will receive an additional 3 per cent discount on electric cars and 5 per cent on electric scooters, the company said.
The scheme will run alongside existing incentives and aims to accelerate the transition to electric mobility while reducing the impact of rising fuel prices on consumers.
In addition, GSM Green and Smart Mobility Joint Stock Company, part of the Vingroup ecosystem, has announced a 10 per cent fare reduction for its electric mobility services on the Xanh SM in Vietnam and Green SM in Indonesia.
The discounted fares will apply from March 11 to March 31, 2026, depending on the market.
Duong Thi Thu Trang said the initiative is a response to the economic challenges created by geopolitical tensions and rising energy costs.
“The ‘Trade Gas for Electric’ programme is our timely response to geopolitical volatility that is affecting socio-economic conditions globally. Through our green mobility ecosystem, we aim to help reduce fuel cost pressures while promoting sustainable mobility solutions,” Trang said.
The company added that the programme could be extended depending on international developments and future fuel price trends.
VinFast, listed on Nasdaq, is rapidly expanding its global presence with a portfolio of electric SUVs, scooters, and buses.
In India, the company is investing $500 million to set up a manufacturing facility in Thoothukudi, which is expected to produce up to 150,000 vehicles annually once fully operational and generate around 3,500 direct jobs.
